Specialised Bookkeeping for Doctors
Precision Financial Management for Medical Practices
Bookkept delivers tailored bookkeeping solutions for medical practices in Melbourne. Our team understands the unique financial landscape of healthcare, ensuring your practice's finances are managed with the same care you provide to patients.
Why Choose Bookkept for Your Medical Practice? Melbourne, Victoria
Medical practices face distinct financial challenges. Our specialised services address these complexities, allowing you to focus on patient care while we handle your financial health.
Medicare and Health Fund Reconciliation
Accurate reconciliation is crucial for medical practices. Our services include:
- Medicare payment tracking
- Health fund claim reconciliation
- Bulk billing management
- Gap payment processing
- Rebate discrepancy identification
We ensure all payments are correctly recorded and reconciled, maximising your practice's revenue.
Practice Management Software Integration
Bookkept seamlessly integrates with popular medical practice management software. This integration provides:
Our team works closely with your practice management system to streamline financial processes. We extract relevant data, ensuring accurate financial records without duplicating efforts.
This integration allows for real-time financial insights, enabling you to make informed decisions about your practice's operations and growth.
By connecting your practice software with our bookkeeping systems, we provide a comprehensive view of your financial health, from patient billing to expense management.
Plans to suit your business accounting & bookkeeping needs
We don’t believe in a cookie cutter approach when it comes to billing.Our clients prefer certainty so we tailor a monthly package with defined accounting services and agree upfront. Here are some examples of what we do for our clients –
Chris - The Contractor
Emma - The Cafe Owner
Mick - The Well-Established Firm
Payroll Management for Medical Staff
Managing payroll for medical professionals requires specialised knowledge. We offer:
Accurate salary calculations for doctors and staff Management of complex award rates and entitlements Superannuation compliance PAYG withholding and reporting Annual payment summaries
Our payroll services ensure your staff are paid correctly and on time, while maintaining compliance with relevant regulations.
Tax Planning and Compliance
Navigating the tax landscape for medical practices can be complex. Bookkept ensures you stay compliant while optimising your tax position. We handle:
Income tax planning and lodgement GST compliance and BAS lodgement Fringe Benefits Tax management Capital Gains Tax considerations Tax-effective structure advice
Our healthcare tax expertise helps you meet all obligations while maximising available deductions and concessions.
What our clients are saying
FAQ About Our Service
How does Bookkept handle patient privacy in financial records?
We adhere strictly to privacy regulations, ensuring all financial data is managed securely. Our systems are designed to maintain patient confidentiality while providing necessary financial insights.
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Can you assist with financial forecasting for my medical practice?
Yes, we provide detailed financial forecasting services. This includes projecting revenue based on patient numbers, analysing expense trends, and creating budgets to support your practice's growth plans.
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How do you manage Medicare and private health insurance claims in the books?
We set up specific accounts to track Medicare and health fund payments separately. This allows for easy reconciliation and helps identify any discrepancies or delayed payments quickly.
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Can Bookkept help with equipment finance and depreciation?
Absolutely. We can advise on the most tax-effective ways to finance medical equipment and manage depreciation schedules to maximise your tax benefits.
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How often will I receive financial reports for my practice?
We typically provide monthly financial reports, but this can be adjusted based on your preferences. These reports give you a clear picture of your practice's financial performance, including key metrics specific to medical practices.
Get In Touch Today
Get in touch by filling out the form below or simply call (03) 8568 3506!