Why do I need a bookkeeper for my medical business?
In order for any business to function properly and be successful, you have to know where your income and revenue is coming from, and in addition, where your money is going. You have to know which clients owe you money, who has paid on time, and who hasn’t paid yet. Having a good understanding of your financials is important for running a business. Hiring a bookkeeper ensures that your accounting will be done correctly and on time.
Why should I outsource my medical bookkeeping?
By outsourcing your bookkeeping, you won’t have to worry about hiring and training bookkeepers in house. Or if you have been doing the bookkeeping yourself, it will free up much of your time so you can focus on running your business. Our team has years of experience and will create a custom schedule and communication system so you know exactly what your finances look like at any time.
What are your specialties?
Davis Practice Medical Management specializes in medical business accounting, outsourced bookkeeping, custom reports, financial reporting and solutions, and Quickbooks. We work with a variety of medical businesses such as doctors, dentists, surgical centers, urgent care centers, hospitals, ambulatory surgical centers, and nursing homes.
What kind of software do you work with?
We are certified Quickbooks experts, meaning we can set up a new account for you or clean up your current one. We will keep the numbers accurate and organized.
What services do you offer?
Davis Practice offers these services:
• Account Management
• Accounts Payable
• Accounts Receivable
• Financial Reporting
• Financial Solutions
• Virtual CFO
What is included in a financial report?
Davis Practice offers a Basic Reporting Package, which includes:
• Profit and Loss
• Income Statement
• Balance Sheet
• Budget
• Budget vs Actual
• Cash Flow
Do you offer payroll services?
Yes. Davis Practice can create an efficient payroll system to accommodate an office of any size in any industry. It is important that your employees are paid accurately and on time. We will send you the paychecks on the schedule you want – weekly, bi-weekly, monthly, etc.
Does my accountant have access to my books if they are outsourced?
Yes, only with your permission. Your accountant will have access to the files for tax preparation and filing; he or she can also provide you with analysis of the statements.
What if my books are a mess?
Davis Practice offers bookkeeping clean up services for businesses. We understand that you might not be a bookkeeping expert, and we will go through and organize all of your financials so that they are correct and in the right places.
What services do you offer for medical practices?
Davis Practice specializes in bookkeeping for medical practices, whether you’re a dentist, doctor, or surgery center. We offer the following services:
• Bookkeeping
• CFO
• Payroll
• Business Consultation
• Budgets and Projections
• Reporting and Analysis
How do you schedule meetings and pick-ups/deliveries?
We will work around your schedule. Your time is valuable, so we will create a schedule that works the best for your business.