Bookkeeping Services
for Medical Practitioners

Running a medical practice demands your full attention, leaving little time for managing the financial details of your business. At Custom Accounting CPA, based in New York, we specialize in offering professional bookkeeping services tailored specifically to medical practitioners. Our goal is to help your practice thrive by ensuring your financial records are accurate, organized, and compliant.

Why Medical Practitioners Need
Expert Bookkeeping?

Bookkeeping is the foundation of sound financial management, especially for medical professionals navigating the complexities of the healthcare industry. With our specialized bookkeeping services, you can:

  • Save Time: Spend more time focusing on patient care and less on administrative tasks.
  • Enhance Financial Accuracy: Avoid costly errors with precise and thorough record-keeping.
  • Support Growth: Use accurate financial data to make informed decisions for your practice’s future.
  • Ensure Compliance: Stay aligned with tax regulations and healthcare-specific financial reporting standards.

Comprehensive Bookkeeping Solutions for Your Practice

1. Recording Financial Transactions

We meticulously track all of your practice’s income and expenses, including:

  • Patient billing and payments.
  • Vendor invoices and supply purchases.
  • Staff payroll and benefits costs.

2. Bank and Credit Card Reconciliation

Our team ensures your bank accounts and credit card statements match your financial records, providing:

  • Monthly reconciliation to identify discrepancies.
  • Monitoring of cash flow to maintain liquidity.
  • Fraud prevention through careful account reviews.

3. Accounts Payable and Receivable Management

Streamline your practice’s financial processes with our comprehensive management of payables and receivables:

  • Timely payment of vendor bills to avoid penalties.
  • Tracking and following up on outstanding patient payments.
  • Producing aging reports to identify overdue accounts.

4. Expense Categorization

We classify your practice’s expenses for clearer budgeting and tax preparation. This includes:

  • Categorizing medical supplies, office costs, and equipment leases.
  • Separating personal and business expenses for sole practitioners.
  • Providing insights into expense trends to help control costs.

5. Custom Reports

Stay informed with financial reports customized to your practice’s needs, such as:

  • Profit and loss statements.
  • Cash flow analysis to identify growth opportunities.
  • Monthly or quarterly summaries to track your practice’s financial health.
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Why Choose
Custom Accounting CPA?

  • Expertise in Healthcare Accounting: Our team has extensive experience working with medical practitioners, giving us an in-depth understanding of the financial challenges you face.
  • Accurate and Reliable: We ensure your books are always up-to-date, so you can rely on accurate data to make important decisions.
  • Technology-Driven Efficiency: Using advanced bookkeeping software, we streamline financial management processes to save you time and reduce errors.
  • Personalized Approach: No two practices are the same. We work closely with you to customize our services based on your practice’s size, specialties, and goals.
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Tailored Solutions for Medical Professionals

At Custom Accounting CPA, we understand the unique needs of medical practitioners, including:

  • Managing complex billing systems for insurance claims and patient payments.
  • Organizing expenses related to medical equipment, training, and certifications.
  • Tracking financials for group practices or partnerships.

Focus on Your Patients—Let Us Handle Your Books

With Custom Accounting CPA’s bookkeeping services, you can dedicate more time to providing excellent patient care while we manage your financial records. Our proactive approach ensures your practice’s financial health and sets the stage for sustainable growth.

Contact us today to schedule a consultation and learn how our bookkeeping services can support your medical practice.

Schedule a Free Consultation