Cash vs. Accrual Accounting for Therapists
Understand accrual accounting for therapists and learn how to manage it effectively for a clearer picture of your financial health.
We keep track of your daily income & expenses in a cutting edge software tool to ensure your business is right where it should be.
We'll handle monthly payroll, reimbursements, time off and more so you can focus on running your business & nurturing new clients.
We'll verify that your books are a 1-to-1 mirror of the transactions as listed by your bank. Avoid headaches come end of month or tax time.
We provide financial reports every month so you can quickly see when things look off. Didn't spend $500 at Office Works this month? We'll catch it before it's too late.
We'll help identify the opportunities for improvement in your business. Could you cut down office supplies by $100 every month? Which clients have a greater life time value?
It's almost impossible to bring on new employees or clients if your books are a mess. With an organized process in place, you'll know exactly when and how you can afford to expand.
When you meet with the team, we can assess the scope of the set-up job. We will draft a proposal in a software program called Practice Ignition, and you will sign and send your agreed-upon initial payment.
We collect information from you so that we can set up your QuickBooks account. We talk to you about how you use your books, what you expect of them , how to link your bank accounts, and how granular you like your financial statements to be.
Our clients use Gusto to process payroll payments. We’ll set up benefits, deductions, and any special circumstances. This helps us understand your employee reimbursements, benefits, time off, and all the other details.
Washington business must file State Business & Occupation Tax regularly. (You may need to pay city tax, too) to enable us to file your B&O taxes, we work together to link your taxes.
Understand accrual accounting for therapists and learn how to manage it effectively for a clearer picture of your financial health.
Payroll gets messy when therapists cross state lines. It’s bad enough tracking hours and cutting checks for your team, but throw in different state tax
Setting the right price for your therapy sessions is one of the key steps to running a successful practice. It’s about finding the balance between