Personal Bookkeeping Services

In most cases, bill pay services are conducted online, often set up as auto pay, which is easily executed and monitored. In the event that bill payment is done by hand, assistance is provided at whatever level is needed. This often includes making out the checks with the client and allowing the client to sign the checks for as long as is reasonably possible in order to maintain a sense of control and dignity. Additionally, our services can include financial report preparation and household budgeting to help clients manage their finances more effectively.

Documentation of all income streams—including salary, social security, pensions, IRA distributions, maintenance, and others—is essential for effective financial report preparation. This also includes a comprehensive review and tracking of expenses. 

We discuss strategies to stay within a desired budget, with monthly monitoring of the outcome. Periodic reviews with the client allow us to examine actual expenses over time and discuss larger one-off expenses. This helps in adjusting household budgeting numbers to ensure that income consistently meets anticipated expenses. Additionally, our bill pay services can streamline this process, ensuring all financial responsibilities are managed efficiently.

We provide financial report preparation for clients, their families, or professional advisors to gain a clearer understanding of financial status and predictability of cash flow on a monthly and annual basis. Additionally, our bill pay services can assist in running reports that may be utilized for deductions on tax returns, including charitable giving and medical or caregiver expenses, while also supporting effective household budgeting.

We provide assistance with setting up online accounts, including banking, credit card, and social media, while also offering bill pay services. Additionally, we ensure that all log-ins and passwords are documented in a safe place or a password management system. Furthermore, our services include financial report preparation and household budgeting to help you manage your finances effectively.

Advocates work with your existing professionals or refer you to one of our many professional partners in areas such as accounting, law, financial/wealth advisors, and real estate to assist with tax organization and filing preparation. We also offer bill pay services and help with financial report preparation, along with estate planning and administration. Additionally, we facilitate the setup of retirement funds, 529 college savings plans, and education funding while supporting your household budgeting needs.

Whether you're downsizing to a smaller home or a senior living facility, or learning how to manage household affairs after the loss of a spouse, our Client Advocates can assist with cleaning out files, changing your address, updating utilities, and providing bill pay services to simplify your financial responsibilities. Additionally, we offer financial report preparation and household budgeting support to help you navigate this transition smoothly.