Services
Expert bookkeeping tailored for medical professionals, ensuring financial compliance and allowing you to focus on patient care.
General Bookkeeping
We meticulously track and record every financial transaction, ensuring your practice’s financial records are accurate and reliable. By automating repetitive tasks and implementing efficient workflows, we streamline your processes to save both time and resources.
To save you time and reduce the administrative burden, we automate routine bookkeeping tasks and implement streamlined workflows, so you can focus on what matters most.
Bank Reconciliation
We match every transaction in your medical Practice Management Software (PMS)—like Genie, Best Practice, Gentu, or Xestro—with your actual bank statements.
This process ensures that all payments, particularly electronic receipts from health funds, are properly deposited into your account. Without this service, practices risk losing up to 10% of their annual income from missed deposits. We prevent that loss by reconciling your accounts with accuracy and consistency.
Payroll Management
We handle every aspect of your practice’s payroll, including wages, superannuation, PAYG, and leave accruals.
Our team ensures that staff are paid accurately and on time while maintaining full compliance with Fair Work and ATO standards. By managing this for you, we eliminate payroll stress and reduce your admin workload, helping your practice run more smoothly.
Doctor Disbursements
For multi-doctor clinics, we calculate and process each practitioner’s share of income based on actual receipts and fee agreements. Using reconciled data, we generate accurate reports and disbursement schedules, whether its weekly, fortnightly, or monthly.
This ensures that doctors are paid fairly, transparently, and without disputes, all while maintaining financial clarity for the practice.
BAS & IAS Lodgement
As certified BAS Agents, we prepare and lodge your Business Activity Statement (BAS) and Instalment Activity Statement (IAS) with the ATO, covering GST, PAYG, and other obligations. We track all reporting requirements accurately using your financial data and medical PMS.
Our team also helps you identify and claim all available GST credits, minimising your overall tax liability. This helps you avoid compliance issues, reduce the risk of penalties, and stay ahead of tax deadlines with peace of mind.
Cash Flow Management
We provide a clear and comprehensive analysis of your practice’s cash flow, giving you full visibility into both your incoming and outgoing funds. Our team helps you understand your financial position and identify any potential cash flow issues before they become problems.
Additionally, we work with you to develop effective strategies for managing debt, ensuring your practice remains financially healthy and able to navigate both growth and slower periods with confidence. With our support, you’ll have the insights you need to make proactive, informed financial decisions.
