Skilled Nursing Facilities

Contents

Creating Resident Trust Accounts

Resident Trust Accounts setup are used to track the total trust owing to each resident. You can set up multiple resident accounts such as funeral fund and store allowance, this provides opportunity to create a resident trust savings to be held in reserve. You can transfer balances between resident trust accounts. The sum of all resident trust accounts is the money the facility holds in trust for the Residents. 

When setting up resident accounts, you can set a minimum and maximum balance to report on residents who are approaching the default minimum and maximum balances. For example, in some provinces there are regulations on maximum trust balances held by the resident. 

You can use the Account Number field to report on the net change in the resident trust liability, the account number pulls into the Admin Journal entry report. 

Warning

You must have at least one resident trust account setup to use the Trust module. The Description and Account Code must be unique for each Resident Account. 

  1. Do the following: 

    • Single facility: Admin > Setup > Trust Setup > Resident Accounts. 

  2. Click New.