Seniors Accounting

Like everyone, seniors want to feel self-confident about their decisions and be independent. With a little help from PRS, seniors can confidently manage their own personal business and life affairs. Having to rely upon family members to make routine financial decisions can be outright embarrassing. It is stressful for both the senior and their families. Let's be honest, family members today are really busy making a living and taking care of their own family business and needs. Seniors often tell PRS that they feel like they are a burden to their loved ones. PRS takes the burden off of seniors' children or loved ones assisting in routine financial decisions and/or activities. As a senior, wouldn't it be great to know that the sole purpose for a family member's visit is to have fun talking, reminiscing, barbequing, going out for a meal or just going for a walk in the park instead of providing your loved ones with a list of chores that need to be done? Seniors have repeatedly told PRS that they feel family members stay away from them because they might get a chore request. Let PRS help you to enjoy life and just have fun! You earned it!

PRS offers streamlined financial management procedures geared toward seniors. PRS helps seniors gain control of their financial situation by implementing proven methods of recordkeeping. These recordkeeping methods help to ensure compliance with the following accounting task examples:

• PRS helps to ensure that income due a client is actually received.
  
  
• All bills are monitored, highly scrutinized, screened for scams and timely paid to avoid late fees. For example, cable companies frequently will add a free 90-day movie channel for you to try out. Surprise, when your cable bill arrives it has mysteriously increased in price because you did not call to cancel the free movie channel after the 90-day trial period. You never authorized the free package, you never knew you had it and now you are getting billed for it. When you call the cable company to try and straighten everything, your call is transferred to another country. It is hard to explain what has happened to someone who took English as a second language in grade school. After you spend hours on the phone you think everything is resolved. Surprise again, when your next cable bill arrives your plan has been changed to a new plan which costs more because your original plan is no longer available and the corrective action starts all over again. These are the kinds of incidents that will be avoided when PRS is watching out for you.
  
  
• A monthly financial income statement, with YTD amounts, is prepared which discloses all income and expenses taking place during the month. This statement balances right to the penny to the bank statement every month.
  
  
• Investments are monitored and tracked for income tax purposes.
  
  
• The annual financial reports are prepared for income tax preparation.
  
  If money is involved, PRS will help ensure that you explore all of your options so that you can make an informed decision. Think of PRS as your financial advocate when you need to make financial decisions.