Specialised Bookkeeping for Physiotherapists
Optimise Your Practice Finances with Bookkept
Bookkept delivers tailored bookkeeping solutions for physiotherapy practices in Melbourne. Our team understands the unique financial aspects of healthcare services, helping you manage patient billing, track expenses, and streamline your practice's finances.
Financial Management for Physiotherapists Melbourne, Victoria
Managing a physiotherapy practice involves specific financial considerations. Our services address these challenges, ensuring your books are accurate and your practice is financially healthy.
Medicare and Private Health Fund Management
Navigating the complexities of Medicare and private health fund claims is crucial for physiotherapists. We assist with:
- Accurate claim processing
- Timely reimbursement tracking
- Reconciliation of payments
- Compliance with billing regulations
- Resolution of claim discrepancies
Our expertise in healthcare billing ensures you receive correct payments promptly, improving your cash flow.
Appointment-Based Revenue Tracking
Bookkept integrates with popular physiotherapy practice management software. This integration provides:
Automated appointment revenue recording Simplified patient payment tracking Accurate service-based income reporting Easy identification of missed appointments
By connecting your practice software with our systems, we offer real-time financial insights to support your decision-making.
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
Expense Management for Physiotherapy Practices
Effective expense tracking is vital for maintaining a profitable practice. Our services help you:
We categorise and monitor your practice expenses, from equipment purchases to ongoing supplies. This detailed tracking allows for better budget planning and cost control.
Our team assists in identifying tax-deductible expenses specific to physiotherapy practices. We ensure you claim all eligible deductions, optimising your tax position.
We provide regular expense reports, giving you a clear view of your practice's financial health and areas for potential cost savings.
Payroll and Superannuation Management
Managing staff payments and superannuation can be complex. Bookkept simplifies this process:
Our team handles payroll calculations, including penalty rates and leave entitlements. We ensure your staff are paid correctly and on time.
We manage superannuation contributions, ensuring compliance with current regulations. Our service includes preparing and lodging superannuation guarantee charge statements when required.
We provide advice on employment arrangements, helping you understand the financial implications of different staffing models.
What our clients are saying
FAQ About Our Service
How can Bookkept help with Medicare and private health fund claiming?
We set up systems to track claims and payments, reconcile received funds, and identify any discrepancies. This ensures you're receiving all due payments and helps maintain a healthy cash flow.
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Can you assist with financial planning for equipment purchases?
Yes, we can help analyse your cash flow and create financial projections to determine the best time for equipment investments. We also advise on the tax implications and potential benefits of leasing versus purchasing.
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How do you handle client deposits and prepayments?
We set up proper accounting procedures to manage deposits and prepayments, ensuring they're correctly recorded and allocated. This helps maintain accurate financial records and simplifies your revenue tracking.
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What physiotherapy-specific reports can Bookkept provide?
We offer reports such as revenue by service type, patient retention rates, appointment utilisation, and practitioner productivity. These insights help you make informed decisions about your practice's operations and growth.
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How can Bookkept help optimise my practice's financial performance?
By analysing your financial data, we can identify areas for improvement in your practice's operations. This might include optimising appointment scheduling, adjusting service pricing, or improving collection rates. We provide actionable insights to enhance your practice's profitability.