Medical Bookkeeping
We have more than 20 years in the field of Patient Accounting. We can help you from medical patient billing to financial record keeping to month-end accounting needs.
Doctors and healthcare professionals know there’s very little room for error in a medical practice or doctor’s office, especially when it comes to the health and well-being of their patients. But what about financial errors? Ensuring that you’re in compliance with tax laws, regulations and healthcare billing is crucial for improving office profitability and productivity. A medical practice should always be striving to operate at its highest potential – this includes handling the financial side of things, too. That’s why we are offering bookkeeping services to doctors and medical offices.
Common financial & billing errors in medical offices
Preventing accidental errors on tax forms, stock takes and other forms of documentation before they occur ensures that your office isn’t spending money and resources to fix issues that could have been avoided in the first place. Here are some common billing issues that bookkeeping services for medical practices can tighten up:
Payroll mistakes: Common mistakes from mishandling overtime payments to producing incorrect end-of-year bonuses are easy to catch and can accrue unnecessary costs for practices if left unnoticed.
Unreliable financial reports: How do you know where you’re going if you don’t know where you’ve been? Producing accurate financial reports over time gives you a full picture of the areas where your office is operating well, and the areas where there’s space for improvements. Producing accurate financial reports help you plan for the future and ensure a profitable future.
We can be responsible for all the bookkeeping for your medical office: including accounts receivable and accounts payable. The medical office assistant may also manage the general ledger, recording all transactions as debits or credits.
Below is a partial list of what we can do for you:
General Ledger
Trial Balance
Account Receivables
Account Payables
Payroll
Balance Sheet
Income Statement
Bank Reconciliation
Cash Flow Statement
Month End Closing
W2’s
Year-End 1099s
Financial Reporting
Balance Sheet
Income Statement
Cash Flow Statement
Stockholders’ Equity
Benchmark
Financial Analysis
Your Holistic Wealth is our business.
If you find yourself in need of medical bookkeeping services to understand and grow your business, contact us!
Why Choose Us
Accurate Record Keeping
Always On Time
Time management is very critical to us and we deliver based on your schedule.
Hard Working
We try harder to maximize your returns and we use the tax laws to our advantages.
24/7 Availability
We make it convenient to get in touch with us via live chat, phone, text and live support.