Hire an Affordable Personal Bookkeeper
Whether your loved one is no longer independent or simply needs extra help to enjoy their lives, Blue Swan can provide daily cash management for Senior Citizens.
Paying household bills on time can be challenging. I can help organize monthly bills and ensure they get paid on time, every month.
Many seniors have multiple sources of income, including social security, pensions, annuities, IRA, 401k, investments, and other retirement accounts. It can be difficult to keep track of everything. I will set up systems to verify that income is coming in as expected and alert a loved one if there is an issue.
For seniors on a fixed income, it’s important to stick to a strict budget. Even if money isn’t an issue, it’s important to make sure loved ones aren’t being exploited and money isn’t going missing. Providing daily cash management and budgeting provides safeguards and financial accountability.
There’s a reason why seniors are persistent about balancing their checkbooks. They always know how much they have and what they can spend. As we age, it gets more difficult to track and remember every purchase. I provide monthly checkbook balancing and provide reports.
When tax time comes, one of the biggest struggles is gathering all the necessary reports and financial documents. I help organize everything in one place, so there’s no need to search or dig for records.
Everyone is susceptible to fraud or incorrect charges, regardless of age. It’s happened to everyone. That’s why it’s critical to monitor bank accounts and credit card statements. That’s an added bonus to hiring an elder-care bookkeeper. If anything suspicious arises, I will take immediate action to alert loved ones so accounts can be frozen and charges reversed.
Additional Bookkeeping Services for Seniors
If you need custom care beyond our Elder Care Bookkeeping Support package, let us know. We can customize a package that suits your needs including managing medical and insurance issues, dealing with incoming mail, or arranging for home repairs.
- Receiving and paying household bills.
- Tracking income and expenses.
- Making sure income is received and deposited.
- Budgeting and recordkeeping.
- Monthly checkbook balancing.
- Determine current and long-term cash flow needs by analyzing income and expenses.
- Organizing paperwork and financial documents for tax season.
- Protect from financial abuse and fraud by keeping close eye on activity.
- Assist in locking credit to prevent identify theft and fraud.
- Prepare and email monthly financial reports
Elder Care Bookkeeping FAQs
How much does bookkeeping for seniors cost?
I charge a $350 onboarding fee to get started. This includes all the setup work and consulting to learn about your finances, expected income and expenses, and needs. A standard monthly service will range from $90 to $180 per month, depending on the complexity of your situation. Additional services are billed at $45/hour.
Do you need a certification to manage finances for senior citizens?
Having a certification isn’t legally necessary but it is a good indication that the person managing your finances has the knowledge needed to manage your daily finances correctly.
How do you track income and expenses for seniors?
We use Quicken, which is the leading software for personal finance management.
How do you securely access bank account info and credit cards for bookkeeping?
Quicken securely accesses your bank account information and credit cards through a login verification. A secure connection is made between your bank and Quicken. This type of connection is the industry standard for online banking and accounting.