Medical Practices and Health Professionals

The focus of any medical practice is always on the well-being and health of the communities it serves. While the actual business part is a small part, the accounting aspect still requires an attentive eye to detail because the success of such practices depends on the successful management of its funds it receives in addition to the overall success and reputation of the medical practitioner.
It’s not just important to have the patient information in order, it’s equally as important to have all the financial information neat and tidy. For medical practices, it’s more beneficial to outsource the financial responsibilities to an outside accountant or bookkeeper, due to the level of expertise an experienced medical bookkeeper or accountant will bring to the table.

You can trust the bookkeepers and accountants here at Ottawa Bookkeeping! We’ve worked with many medical practices before, and so our bookkeepers and accountants all have insight on how to greatly improve record-keeping operations so that it’s easier to generate monthly and quarterly financial reports and to analyze the financial state of the practice.

We offer the following services and these services can be performed weekly, bi-weekly or monthly as per the structure of the practice:

• Payroll preparation
• Posting cheques, deposits, and credit cards
• Writing cheques
• Assisting in collecting outstanding receivables
• Cash management

In addition, the following services are customizable to fit the needs of our clients so that their specific needs can be met. The services below can be performed either monthly or quarterly as per the structure of the practice:

• Reconciliation of banks accounts
• Income statement preparation
• Balancing sheet preparation
• Preparation of billing statements and expense reports
• Preparation of the general ledger
• Analysis of customized reports that target expense handling

You can trust Ottawa Bookkeeping to help keep all your records and accounts in order. Our accountants and bookkeepers are reliable, professional, and easy to work with!