As the deadline approaches to have your taxes filed, we’re all under pressure to have our financial ducks in a row. But as a sober living operator, you may have had to be resourceful and flexible to collect the payment you’re owed. This could mean everything from accepting partial payments toward weekly rent to accepting Cash App or Venmo transactions. With an ever growing list of digital payment options it’s harder than ever to remember who paid what with which method.
The first step is to decide what payment methods you’re going to accept and to stick to it! This can be very difficult when rent is being withheld over lack of preferred payment medium. But by choosing to narrow down the platforms that accept payments, it will be easier to look back and find records of when you were paid and why.
Next you’ll need to decide how you’re going to track those payments. Accepting rent is easy, but being able to report on your totals at the end of the year is difficult if you don’t have one central place where you keep your records.
Excel is a great way to store your payment information and expenses… If you’re a wiz at excel and extremely tech savvy.
Accounting software like Quickbooks is a good resource if you’re looking for a solution for a seasoned accountant or someone who’s had experience with accounting software in the past.
Most residential programs end up needing a flexible solution that allows you to quickly log partial and full payments through whichever means you accept rent that week. That is where a program like One Step can save the day. One Step was built for sober living programs with a deep understanding of the industry. Not only will it help you stay on top of rent, overnight pass fees, and drug test payments but it’s an all in one solution to keep your client data, meeting records, and payments in one place.
To learn more about One Step and the features we use to help your team communicate and keep motivated, reach out to info@onestepsoftware.com