Bookkeeping for your Healthcare Practice
Healthcare Bookkeeping and BAS Agent service provide monthly management reports on the financial performance of your practice while our Practice Managers have oversight of your whole practice to ensure it is running efficiently.
Our Healthcare Bookkeepers are vigilant about governance, compliance with taxation legislation and consistent adherence to business reporting obligations. We use leading accounting packages such as Xero and MYOB and implement digital efficiencies to make your life easier.
Calculating provider reimbursements or service fees, facilitating payroll and reconciling accurately between your practice management and accounting software requires attention to detail, knowledge of the healthcare sector payers’ methods and time frames along with standard accounting principles.
Often practice owners consider this activity to be basic administration/data entry, however not having a strong understanding of accounting principles can have a significant impact on a healthcare practice’s GST reporting can leave a practice exposed to penalties or tax implications.
Our Healthcare Bookkeepers support you to understand how your practice is performing with:
» data entry
» accounts receivable
» accounts payable
» bank/loan/credit card reconciliations
» BAS and IAS submissions
» superannuation guarantee submissions
» payroll services including payment summaries
» liaison with your accountant
» service fee calculations
» practice performance reporting