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UpgradeImageBLOGAdobeStock 177368477SMALLFrom fundamental ASU2016-14 FASB updates to company-specific software updates, equipping nonprofit organizations with the tools to improve reporting and financial management is top-of-mind for many, if not all, nonprofit executives and boards.

Personally speaking, when AccuFund makes enhancements

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AccuSUM2017 COLOR VNever has there been a greater need for the services and support our nonprofits and local governments provide, in large cities and small towns, across the United States.

And at the same time, these nonprofits and local governments are challenged by the reality that funding is shrinking.

In order

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It may not be at the top of your priority list but regular system reviews are key when it comes to ensuring that you are getting the most out of your investment.

Your financial systems are the bedrock of responsible stewardship and organizational transparency.  In addition, access to financial

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Representative Payees are government agencies, nonprofit organizations or a relative or friend who is appointed by the Social Security Administration to handle the Social Security matters of beneficiaries who are not able to handle their own financial affairs.

The SSA defines the responsibilities of the Representative Payee as:

• Determining the beneficiary's total needs and using the benefits received in the best interests of the beneficiary.
• Maintaining a continuing awareness of the beneficiary's needs and condition, if the beneficiary does not live with the Representative Payee, by contact such as visiting the beneficiary and consultations with custodians.
• Applying the benefit payments only for the beneficiary's use and benefit.
• Notifying SSA of any change in his/her circumstances that would affect performance of the payee's responsibilities.
• Reporting to SSA any event that will affect the amount of benefits the beneficiary receives and to give SSA written reports accounting for the use of the benefits.

The essential needs of the beneficiary include food, clothing, shelter, utilities, medical care and insurance, dental care, personal hygiene, education, and rehabilitation expenses, for example.

If there are funds left over once the beneficiary's current needs are met, the representative payee must save or invest the remaining funds in trust for the beneficiary.

AccuFund has a stand-alone Representative Payee System for social service or government agencies that serve as fiscal guardians for clients or patients who are unable to mange their finances.

Also known as custodial checking and trustee accounting, Representative Payee provides these organizations with a robust, flexible tool for tracking funds and paying bills for a large number of clients.

We believe it's the best product on the market. We'd love to show it to you and see if you agree. Register for a Representative Payee Webinar.