Month End
Accounting Workflow – Month-end Workflow
Homecare agencies follow strict accounting rules like all other companies. Month-end reporting and closing out the books is critical for proper reconciliation, state reporting, and other KPI needs.
Documentation below is draft workflow/ guide for the development team.
Step 1) Agency Settings
Agencies will process month-end based on how they recognized revenue. There are generally two methods that are acceptable.
- Cash Basis – Date of Invoice
- Accrual Basis – Date of Visit
* Additional configurations available. Contact support for additional information.
Step 2) Running Month-End
Billing -> Month End
Billing -> Month End -> Charges/ Payments
Billing -> Month End -> Charges/ Payments -> Process Month-End Button
Select Month –> Show Details
Questions and Considerations:
1) What if I do not see Month-End in my billing section?
a. Not all users have access to processing or reviewing the Month-end Section. Contact your system administrator or Visiting Aid customer support.
2) How do I reverse the Month-End process?
a. Contact Visiting Aid customer support and they will be able to reverse the Month-end Process.
3) How do I historical reports for previous Month-Ends?
a. The report history is always available. Visiting Aid keeps records for all month-end reports at the time of process. This means that the month-end report for January will never change.