Accounting Services

for Medical Practitioners

1. Bookkeeping Services

We handle the daily financial transactions of your practice, ensuring all income, expenses, and payments are accurately recorded. Our bookkeeping services include:

• Patient billing and revenue tracking.
• Expense categorization for better budgeting.
• Monthly reconciliation of bank and credit card statements.

2. Payroll Management

Streamline payroll processing for your staff with our secure and accurate payroll solutions. We manage:

• Employee salary calculations and tax withholdings.
• Direct deposit setup and reporting.
• Compliance with payroll tax regulations and filings.

3. Financial Statement Preparation

Understand your practice’s financial performance with detailed reports, including:

• Profit and loss statements.
• Balance sheets.
• Cash flow statements to track liquidity.

4. Tax Accounting

Ensure your practice is tax-efficient with services that include:

• Preparation of quarterly and annual tax filings.
• Deduction maximization for medical equipment, office expenses, and more.
• Strategies to minimize tax liabilities and plan for upcoming changes.

5. Accounts Payable and Receivable Management

Keep your practice running smoothly by staying on top of payables and receivables. We:

• Ensure timely payment of vendor invoices.
• Track incoming payments to avoid cash flow issues.
• Provide aging reports for overdue accounts.

6. Advisory Support

Our accounting services go beyond numbers. We offer:

• Budgeting and forecasting to plan for your practice’s future.
• Insights into cost-saving opportunities.
• Guidance on practice growth and expansion strategies.