What Is a Daily Money Manager – Can One Help Me or a Loved One?

Daily Money Managers (DMM) provide personal business assistance to clients who have difficulty with, or lack the time needed for, personal monetary affairs without the client giving up their independence. A DMM brings clarity and order to an individual’s daily management of personal bills, budgets and record keeping. They assist clients with activities such as bill paying, budgeting and organizing tax papers in preparation for income tax filing.

Clients who can benefit from the duties of a DMM include the elderly, someone with a disability, busy professionals and children whose parents reside out of state. Senior citizens who have health challenges can rely on a DMM to handle their day-to-day financial activities. It is important to understand that hiring a DMM does not take the independence away from the individual; many times the DMM works with the individual in the comfort of their own home.

The expertise of a DMM covers a broad range of duties and the work they do depends on the individual client need. Some of the duties include:

Preparing checks for the client’s signature to pay bills

Preparing deposits

Balancing all bank accounts

Organizing important papers and creating a filing system

Organizing tax papers and personally deliver to the CPA/Accountant

Preparing budget plans

Preparing accounting reports for the client or their family

Working with the client’s financial planner and tax accountant

For over 25 years, our company has been giving our clients peace of mind by providing personal bill pay services by ensuring monthly bills are paid accurately, that all accounts are balanced, arranged budgets are maintained and all IRS requirements are fulfilled. This service is accompanied with full monthly, quarterly and annual accounting reports that are provided to the client or to their loved ones to keep everyone up to date in terms that everyone understands. We provide a complete concierge service to assist our client with almost any issue they may have – a complete “hands on” service.

Call our office today to talk to a DMM at Medical Claim Service of Southwest Florida to see how you and your loved ones can benefit from having trained professionals with specialized knowledge manage all your day-to-day bookkeeping affairs. You and your loved ones deserve the peace of mind.