Management Fees

 

Management Fees | VCare International

Management Fees for your village – most villages will charge a deferred management fee or a membership fee which is collected when a resident departs. VCare™ allows the fee details (percentages and terms) to be recorded for each individual contract. VCare™ will report on the accrual of these fees both on a cash (what would be collected if the resident departed) and an accounting basis (required to meet the International Financial Reporting Standards). When the resident departs, VCare™ will update these totals, optionally prorating the last part month.

Back: Village Fees                                                                                                                                                                                                                           Next: Prospects