Bookkeeping for Medical Practices

Expert Financial Care for Your Medical Practice

Grow Your Practice With Better Bookkeeping & Accounting

Medical practice bookkeeping can be a daunting task, especially when you’re already juggling an already demanding schedule. The complexity of financial management in medical practices can be overwhelming, and time constraints can make it difficult to keep up with the demands of bookkeeping. However, preserving precise monetary documentation remains imperative for your practice’s success.

Partnering with a professional accountant and bookkeeper can help you focus on patient care and customer experience rather than struggling with the financial compliance side of your practice.

Specialised in Medical Bookkeeping Services

We believe in solutions that are as unique as your business, in listening intently to your needs and delivering services with unwavering excellence.

Client-Centric Approach

We believe in working with our clients, not against them, to deliver precisely what your practice requires. We listen attentively to your needs and preferences to ensure that we provide you with the best possible service.

Access The Services You Need

During initial consultations, we outline all available services and collaborate with you to determine which ones best fit your practice. You can scale our services up or down according to the changing needs of your business, ensuring that you always receive the services you require.

Dedicated Bookkeeping Team

We understand how important continuity, familiarity, and personalized service are to our clients. That’s why each client is paired with a dedicated bookkeeping team, including a consistent team leader and accounts administrator. This ensures that you have continuity of service, familiarity with your team, and personalized bookkeeping for your doctor’s office.

Comprehensive Medical Practice Bookkeeping Services

AVH Business Services offers a range of services tailored to the medical sector. We understand that bookkeeping for doctors demands unique solutions – this is where we excel.

Medical Software Integration

We integrate practice management software with ATO-compliant accounting systems to ensure a streamlined and error-free financial workflow.

Payroll Management

While bookkeeping focuses on day-to-day financial record-keeping, registered BAS Agents, authorised by the Tax Practitioners Board, uphold higher compliance standards and possess up-to-date knowledge of tax laws. Because of this, they provide a more comprehensive and expert service.

HR Services

From the initial hiring process to compliance, we provide HR intermediary services tailored to alleviate the administrative burden for medical professionals.

GST Compliance Check

We conduct thorough GST compliance checks to ensure medical practices adhere to all regulatory requirements. We guarantee you transparency and accuracy in navigating complex GST regulations.

Fraud Checks & Cash Handling

AVH Bookkeeping Services implements secure procedures for cash management and fraud prevention, safeguarding the financial interests of medical practices. Our stringent checks and balances help maintain the integrity of financial transactions within the healthcare sector.

Contract Management

We ensure clarity and compliance by thoroughly scanning all financial agreements with partners and contractors. Our contract management services provide medical practices with the confidence that monetary relationships are transparent and financially sound.

End-of-Year Financial Services

AVH Business Services can take care of all necessary EOFY tasks, including financial statements and tax preparations ready for your Tax Agent. It is our goal for medical professionals to approach the new fiscal year with confidence.

BAS Preparation and Lodgement

We assist medical practices in the meticulous preparation of regular BAS statements and lodgements, which are crucial for medical practices. Rest assured, you will be in 100% compliance with all regulatory requirements and deadlines.

Ease the Medical Practice Bookkeeping Burden with AVH Business Services

Ready to lighten your medical practice’s financial workload? Experience our specialized medical practice bookkeeping solutions designed for financial efficiency. Contact us now! Your patients deserve your full attention — let AVH handle the rest.

Advanced Technology and Process Adaptation

At AVH Business Services we understand the complexities of medical bookkeeping for doctors’ offices.

We guarantee that you’ll benefit from a sophisticated, error-free financial ecosystem, from smooth software integrations to carefully chosen tools for payroll management, HR support, and GST compliance checks.

AVH Business Services allows medical professionals to concentrate on patient care by simplifying procedures and giving compliance and security top priority, while we manage the intricate details of financial management.

Benefits of Specialised Bookkeeping in the Medical Sector

Having specialized bookkeeping for medical practices allows you to enjoy several benefits:

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Tailored Financial Management

Specialized bookkeeping services for the medical sector offer a host of benefits, primarily in the form of tailored financial management solutions. This can lead to more efficient and accurate financial management, which is crucial for the success of any medical practice.

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Streamlined Administrative Processes

Tailored bookkeeping services can simplify administrative tasks, allowing medical professionals to focus more on patient care. This streamlining not only enhances overall operational efficiency but also contributes to a more seamless and responsive healthcare environment.

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Regulatory Compliance & Peace of Mind

Regulatory compliance is of utmost importance in the medical industry. Our expert medical office bookkeeping services can assure you peace of mind by ensuring all financial aspects are in order and compliant with regulations.

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Custom Financial Solutions

Specialized medical bookkeeping services can provide custom financial solutions that cater to the unique needs of different medical practices, from solo practitioners to larger medical groups. This can help medical practices achieve their financial goals and objectives.

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Long-term Financial Health

We contribute to the long-term financial health of medical practices by providing clear financial insights and strategic planning. We aim to help medical practices make informed decisions and achieve long-term financial stability.

Empowering Your Success Through Transformative Excellence

Our tailored solutions underscore everything we do for our clients at the heart of each service and yield unparalleled benefits, check out their glowing reviews!

Expertise That’s More Than Just Hot Air

Our Services Speak Louder Than Words

With more than 30 years of collective expertise in Accounting, Business Management, and Information Technology, AVH Business Services is your trusted partner in Australian bookkeeping services.

We’re allowed to brag a little:

FAQs About Medical Office Bookkeeping

How does your bookkeeping service integrate with existing medical practice management software?

Our bookkeeping services are designed to seamlessly integrate with a variety of medical practice management software systems. This integration involves syncing financial data, such as patient billings, insurance claims, and payroll, directly with your accounting records. We focus on ensuring that data flows smoothly between your clinical operations and financial tracking, providing accurate, real-time reporting and insights. Additionally, we adapt our processes to align with your specific software’s functionalities, ensuring a customised fit for your practice’s workflow.

What specific accounting challenges does your service address for medical practices?

We focus on unique medical accounting challenges like managing complex billing cycles, navigating insurance claims, and specific tax provisions for healthcare services. Our expertise ensures that your financial records accurately reflect the nuances of medical practice operations.

How do you manage the specific payroll needs of medical staff?

Our payroll services are tailored to the healthcare sector, managing aspects like varying shift differentials, on-call pay, profit sharing, and other unique compensation structures common in medical settings.

How does your service handle the unique billing and coding requirements in medical practices?

We specialise in Australian medical billing and coding, ensuring accuracy in patient invoicing and compliance with the Australian Medical Association guidelines. This includes navigating bulk billing, private billing, and Medicare rebates.

What approach do you take to manage Medicare claims and compliance?

Our expertise in managing Medicare claims involves accurate coding, timely submissions, and regular updates to stay compliant with the latest Medicare requirements and changes.

How does your service enhance financial decision-making for medical practices?

By providing detailed financial reports and analyses, we equip medical practitioners with the information needed to make informed decisions about practice growth, budgeting, and financial planning.

Can you integrate bookkeeping services with popular medical practice management software used in Australia?

We have experience integrating our medical office bookkeeping services with widely-used medical practice management software in Australia, such as Clinico, Pracsoft (Best Practice), Clinic to Cloud, Medical Objects, Power Diary, Indigo Consulting, and Medical Director, ensuring a seamless flow of financial data.

How do you ensure financial compliance for medical practices with the ATO and other regulatory bodies?

Our services are designed to keep your practice compliant with ATO regulations, including GST obligations for medical services and other relevant financial reporting standards.

In what ways can you support a medical practice with payroll and HR functions?

We provide payroll services tailored to the medical industry, including handling awards specific to medical staff, superannuation contributions, and employee entitlement calculations.