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Nursing Home Checklist
Free Nursing Home Year-end Financial Closing Checklist Template

Free Nursing Home Year-end Financial Closing Checklist

Free Nursing Home Year-end Financial Closing Checklist Template to Edit Online

Nursing Home Year-end Financial Closing Checklist

Please follow each step diligently to guarantee that our financial reporting is compliant, accurate, and reflective of our operations.

Verify all bank statements to ensure they match the recorded transactions.
Analyze all resident billing records to confirm accurate payment status.
Adjust for any uncollectible accounts and ensure a timely follow-up.
Conduct a physical inventory count of supplies and other inventories.
Adjust the accounting records to reflect the actual year-end count.
Update depreciation for fixed assets and amortization of intangible assets.
Review payroll records for accuracy.
Examine transactions between the nursing home and any related entities.
Review the terms and conditions of all lease agreements.
Generate accurate and comprehensive financial statements.
Ensure compliance with all financial regulatory requirements.
Finalize all journal entries and close the general ledger for the fiscal year.
Prepare the accounting system for the upcoming fiscal year.
Update budget forecasts and financial projections based.

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Organize your year-end financial closing efficiently with the Nursing Home Year-end Financial Closing Checklist Template from Template.net. This editable and customizable template guides you through each step of the process, ensuring completeness. Customize it to your facility's needs with our Ai Editor Tool.

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