Expert accountants for doctors
As a busy doctor, managing your finances and staying on top of bookkeeping can be difficult. Let our experts handle the financial aspects of your business so that you can focus on providing quality care to your patients.
About the service
Personalised and affordable medical accounting services
By taking advantage of our expert services for medical professionals, hundreds of doctors have slashed up to 50% of their accounting and bookkeeping expenses.
As a doctor, you know how important accurate accounting is for your business. Not only do accurate medical accounting records help you to manage your financial resources effectively, but they also provide valuable insights into the overall health of your practice. However, it can be challenging to find doctors' accounting services that can be tailored to their unique needs.
At CleanSlate, we understand your challenges and offer affordable medical accounting solutions tailored to your individual situation. Our expert team of accountants has years of experience working with doctors, helping clients improve their financial performance and optimise their operations.
Let's discussOfferings
Our assurance to provide first-rate accounting services for doctors
At CleanSlate, we ensure to provide the support you want for your specific needs, so we'll work together to know what's best regarding accounting services as well.
Standardised fees
Our bookkeeping consultation fees are standardised. This means our rates are fair and competitive, without surprises or hidden charges.
Tax minimisation
Our expert will work with you to ensure you take advantage of all available tax deductions and credits.
Secure record keeping
Your financial records are secure with us. We use top-of-the-line security measures to protect your sensitive financial information.
Timely BAS lodgement
Our team works efficiently to ensure that your BAS lodgements are completed accurately and on time.
Packages
Fixed monthly fee for a defined scope of services
Many clients appreciate having bookkeeping and tax services under one roof, while also enjoying the predictability of a fixed fee. Below is our indicative fee for a standard scope of work.
Only Bookkeeping & BAS
Only bookkeeping and BAS (does not cover tax returns, payroll and super)
From
$165
/month + GST
- Regular bookkeeping
- Track income and expenses
- Online BAS lodgment
- Full financial statements
- Annual business tax return
- Payroll processing
- STP reporting
Bookkeeping & Tax combined
For bookkeeping, BAS and tax returns (but no payroll or super included)
From
$225
/month + GST
- Annual business tax return
- Full financial statements
- Regular bookkeeping
- Online BAS lodgment
- Payroll processing
- STP reporting
Bookkeeping, Tax & Payroll
All-inclusive package: bookkeeping, BAS, payroll, super and tax returns
From
$280
/month + GST
- Annual business tax return
- Full financial statements
- Regular bookkeeping & BAS
- Payroll processing
- STP reporting
- Employer super reporting
How it works
How does doctors' accounting work?
Like any other business, doctors need to track their income and expenses to make informed financial decisions and ensure compliance with the law. This includes tracking revenue from patient payments, insurance repayments, and expenses such as office rent, supplies, and employee salaries.
Doctors also need to account for the cost of providing medical services, as well as any revenue generated from the sale of products such as medicines. This helps them precisely determine their profits and make better decisions about pricing and purchasing.
By keeping thorough and organised accounting records, doctors can also ensure they accurately pay taxes and identify opportunities for savings and growth.
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What do our medical accounting services include?
Bookkeeping and reporting
Full-service bookkeeping for doctors covering data entry, financial statements, BAS, budgets, and payroll.
Payroll management
We handle wages, superannuation payments, and leave tracking for your medical practice.
Tax returns
Australian tax return assistance, ensuring your practice is compliant with all relevant taxation laws.
Cash flow management
We help you manage and optimise your cash flow for operational expenses, investments, and emergencies.
Why us
Why choose CleanSlate as an accountant for doctors?
At CleanSlate, we specialise in accounting for medical professionals, including doctors, surgeons, dentists, and veterinarians. We understand the unique financial concerns of running a medical practice and can offer personalised solutions to manage your revenue cycle, track expenses, and maximise profits.
- Certified accountants and bookkeepers with years of healthcare experience
- Medical accountants, bookkeepers and advisors working together
- Focus on patient care while we handle the financial side
- Convenient online access to your financial information
- Nominal, fixed accounting fees
Registered tax agents & certified bookkeepers
Is it necessary for doctors to have medical accountants?
Yes, it is necessary for doctors to have medical accountants because they understand the unique financial concerns and regulations that come with running a medical practice. They can also provide important insights and advice on areas such as revenue cycle management, maximizing profits, and tax compliance.
Having a medical accountant can save time and effort in managing finances, allowing doctors to focus on providing excellent patient care. It can also bring peace of mind, knowing that a professional is handling important financial tasks and ensuring compliance with laws and regulations.
How often should doctors review their financial records?
Doctors should review their financial records and accounts at least once a month or quarter, depending upon their specific needs. This helps them stay on top of changes in the market, identify opportunities for savings, and ensure compliance with tax laws.
It's important for doctors to stay up-to-date on their income and expenses to make informed decisions about the future growth of their practice. Regular reviews will help them understand their financial situation.
Can my bookkeeper help me with tax compliance?
Yes, your bookkeeper can help with tax compliance by keeping track of all relevant income and expenses, ensuring all necessary documents are submitted on time and identifying potential deductions.
However, it's important to note that a certified accountant would have more specialised knowledge in this area and may be better equipped to handle complex tax situations. Ultimately, both a bookkeeper and accountant can assist with tax compliance, but it's important to have a clear understanding of their roles and responsibilities.
What best practices does CleanSlate follow for medical practices?
Some best practices that we follow at CleanSlate include staying updated on all relevant laws and regulations, maintaining strict confidentiality of financial information, providing convenient online access to financial data, offering fixed and transparent pricing for our services, and regularly communicating with our clients to ensure they are informed and satisfied with the work we do.
We believe in working together with our clients to achieve the financial goals of their medical practice.
What are the benefits of outsourcing doctor practice accounting?
Outsourcing your doctor's practice accounting offers several key benefits, including reduced overhead costs, access to specialised expertise and technology, improved efficiency and accuracy in accounting processes, increased visibility into financial performance, and faster turnaround times for reporting and compliance tasks.
Outsourcing also allows you to focus on running your business, without having to worry about the complexities of managing finances in-house. You can free up valuable time and resources to focus on your core competencies.
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