Virtual Medical Accounting and Bookkeeping

Bookkeeping for Your Healthcare Practice

Healthcare Bookkeeping and BAS Agent service issue monthly management reports on the financial performance of your practice while our Practice Managers supervise your entire practice to ensure its smooth and efficient functioning.

Our Healthcare Bookkeepers are observant about governance, obedience with taxation legislation, and consistent compliance with business reporting commitments. We make use of leading accounting packages and apply digital efficiencies to make your life uncomplicated.

Computing provider reimbursements or service fees, fostering payroll and reconciling precisely between your practice management and accounting software requires attention to detail, understanding of the healthcare sector payers’ methods, and time frames besides conventional accounting convictions.

Often practice owners regard this activity to be basic administration/data entry, however,a lack of a strong understanding of accounting principles can have a considerable impact on a healthcare practice’s GST reporting can leave a practice susceptible penalties or tax implications.

Our Healthcare Bookkeepers support you to understand how your practice is performing with:

We understand the future of healthcare is incorporates mobility and adjustability. Possessing the ability to connect from anywhere in the world fosters easy, accessible patient care. Our Practice Management IT solutions include:

  • Data entry
  • Accounts receivable
  • Accounts payable
  • Bank/loan/credit card conciliation
  • BAS and IAS submissions
  • Superannuation guarantee submissions
  • Payroll services that include payment details
  • Liaison with your accountant
  • Service fee computation
  • Practice performance reporting

Our staff has significant expertise in the healthcare industry bookkeeping and we are a Registered BAS Agent with the Tax Practitioners Board and adhere to the Code of Professional Conduct.

Privacy and confidentiality are instinctive to us, which are especially essential in multi-provider situations.

Our Services Include:

  • Cloud accounting Xero subscription
  • Monthly Financial Reporting
  • Monthly or annual Payroll Tax Compliance (if applicable)
  • Bank reconciliations (2-3 bank accounts; 1-2 credit cards)
  • EOFY PAYG Summary preparation and distribution
  • Journals, including those for Hire Purchases and Chattel Mortgages
  • Weekly payroll lodgement with the ATO via STP Monthly or quarterly superannuation lodgements via Super stream
  • Quarterly BAS: review, prepare and electronically lodge through the BAS Agent Portal
  • Monthly Practice Management Reporting (by negotiation)
  • Workers Compensation Annual Return
  • Sessional Room fee invoicing and collection
  • Payment of suppliers and payroll via single click authorization
  • Reconciliation of GST and Payroll Control Accounts
  • Payroll processing, allowing single click authorization in your bank
  • Service Fee calculation, invoicing and collection (up to 4 practitioners)
  • Entry and oversight of accounts payable and receivable (i.e. service fees)
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