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HEALTH CARE ACCOUNTING

In the current days, healthcare providers and also the doctors have to invest a lot of time to take care of their finances and records. Medical practitioners are already occupied with their work and thus it becomes difficult for them to spare time and effort for accounting requirements. Though, worry not as we are here. We, at Adequate Bookkeeping, are dedicated to offering our quality healthcare accounting services in this industry domain. We assist you in increasing profits, reducing the operational costs, saving time, and also allow you to manage your businesses optimally and easily.

Some of our best accounting services for the healthcare industry include handling cash flow, processing the payroll, managing and preparing tax liabilities, and providing you with structured financial reports. Our services will help you run your business effectively and effortlessly.

Bookkeeping and Accounting Services for Medical Practices

  • Payroll Processing Services

    Payroll processing is considered to be a time consuming, complex and integral procedure in finance and accounting. In this regard, we provide the best payroll processing services to our clients. We also keep your payroll procedure secure and confidential, meeting all the required regulatory needs.

  • Tax Preparation Services

    We possess a lot of experience in business tax preparation along with individual tax preparation services for the healthcare industry. This involves the interpretation and classification of the P/L items along with accurate interpretation and treatment of the taxability of different accounts.

  • Financial Reporting

    Our experts provide great quality financial reporting services to the healthcare sector. This involves proper management of general ledger, trial balance, AP/AR aging details, balance sheets, profit and loss by month, and more.

  • Accounts Payable and Accounts Receivable Services

    In the case of the healthcare industry, both the Accounts Payable and accounts receivable is considered to be integral aspects. With the help of our AP and AR services, healthcare businesses can have a good hold on cash inflow and outflow to run their business effectively.

  • Bank Account and Credit Card Reconciliation Services

    We, at Adequate Bookkeeping, are involved in providing the best bank and credit card reconciliation services which helps in enhancing cash flow and tracking the overdue and unsettled payments.

  • Yearly/ Quarterly/ Monthly/ Weekly/ Daily Healthcare Bookkeeping Services

    We tend to review the weekly, daily, monthly, bi-weekly, and quarterly as well as annual bookkeeping tasks; we are accurate in our services and complete our work within deadlines to make sure great value addition to our clients.

Accounting for Healthcare Industry

Importance of Accounting Services for Doctors

One of the newest trends is considered to be the outsourcing of the accounting service for doctors. Adequate Bookkeeping is known to be a professional accounting firm that understands the importance of this profession and value communication. This is the reason that we maintain very close contact with you.

Our medical bookkeeping and accounting experts provide you with the necessary advice on a complete range of unique services for the healthcare sector. It does not matter whether you are a doctor who requires personal tax advice or a multi-speciality hospital that requires accounting services. Our services are effectively tailored to suit your unique needs related to accounting.

Accounting Services for Healthcare Industry

Why Hire Our Health Care Accountants?

Our team of professionals works persistently to help you with managing your finances along with managing your medical practices. This effectively helps in strengthening your accounting processes; it enables your business to effortlessly progress.

The services provided by our end will help you with accounting, tax preparation, bookkeeping, projections, and better-organized financial reports. We fulfil all the specific demands of our clients.

Some of our practice areas are:

Medical practices, Doctors, Dental clinics, Veterinarians, Optometrists, Home medical care, Chiropractors, Physician communities, Medical affiliated businesses, Physical therapists, Mental healthcare, Podiatrists, Hospice and long-term care, Surgical, clinics and imaging facilities.

We are always available to deal with almost any concerns or queries you may have. Contact us today for a free consultation on our best accounting service.

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