Having a designated accountant organizing and analyzing your organization’s financial records is crucial to lasting success.
The Importance of Financial Record-Keeping for Physicians
Especially in the medical field, well-kept financial records can provide insight for how to better your business practices, avoid tax mistakes, and save your hard-earned income. Since the healthcare industry is constantly evolving and facing new tax legislations, it can be crucial to hire a CPA to handle accounting services. Contact us now to get started.
Available Accounting Services for Physicians
Accountants at Martin, Bircher, Thompson, PC are available to provide top-quality accounting services for physicians.
By organizing and reviewing bank and credit card reconciliations and cash receipts, we can help to ensure that all of your transactions are accounted for at the end of the year. We can also work with your team to allocate expenses and revenue by category.
Whether we’re dealing with rent, utilities, payroll, or equipment costs, you can expect an organized accounting system and each dollar accounted for.
Martin, Thompson, Bircher, PC can also record and manage tax reports with your organization’s accounting software like Quickbooks® to keep everything in order and easily accessible.
Run Your Business Successfully
Our goal is to provide expert, personalized accounting support so that you can run your business free from pesky financial conflicts and distractions.
Frequently Asked Questions
What’s included in your accounting services for physicians?
We handle bank and credit card reconciliations, categorize your expenses and revenue by type, and manage your records within accounting software like QuickBooks® – so every transaction is tracked and every dollar is accounted for at year-end.
How is this different from your bookkeeping services?
Accounting focuses on organizing and reviewing your financial records – reconciliations, categorization, and reporting. Our bookkeeping services go a level deeper into daily operations, handling routine transaction entry, quarterly excise tax filings, and annual compliance forms like 1099s.
Do you work within our existing QuickBooks setup?
Yes – we record and manage your accounting inside the software you already use, so there’s no need to migrate data or train staff on something new.
How does accounting connect to tax planning?
It’s the foundation. Our tax planning process starts with a review of your accounting reports from throughout the year – accurate books directly translate into fewer year-end surprises.
Do you only work with physicians, or other medical practices too?
We also support dental and veterinary practices, so if your group spans multiple specialties, one firm can serve all of them.
RELATED SERVICES
Once your accounts are reconciled and categorized, day-to-day bookkeeping keeps things running – routine transaction entry, quarterly excise tax filings, and annual forms like 1099s and Personal Property Affidavits.
Simplify Daily Bookkeeping
Beyond the numbers, our consulting team helps physician groups design compensation formulas, evaluate buy-in/buy-out structures, and set up retirement plans for owners and staff. For multi-owner groups working through this, our guide to compensation formulas breaks down how the different models work.
Strengthen Practice Operations
Need financial statements for a bank, partner, or other third party? We prepare compilation reports monthly, quarterly, or annually – built directly from your reconciled accounting records.
Simplify Compilation Reporting
Organized accounting is what makes tax planning possible – we review your reports throughout the year to project liability and map out next steps before filing season hits.