Industry
Accounting for Medical & Healthcare Practices
Get the practice's tax, BAS and payroll handled, with reports that show what the practice earns and where its costs are going.
What we see
Common accounting issues
- Part-time and rostered staff mean every pay run is a little different.
- Fees are recorded in the practice management system first, and getting them into the accounting software can mean entering the same figures twice.
- Owners often see total revenue but not which parts of the practice are profitable.
Our work
What we handle
- The practice's tax return Prepared by a registered tax agent from the records we keep for the practice. See the Company, Trust & Partnership Tax Returns page
- Payroll for clinical and support staff Pay runs worked from your rosters for full-time, part-time and rostered staff, with PAYG withholding on each run and super prepared for you to approve, or paid for you if you authorise us. See the Payroll, STP & Superannuation page
- Practice bookkeeping Daily transactions coded and matched to the bank, with each BAS prepared from the same books.
- Practice reports and margins Reports on where revenue is strong, which costs are rising, how cash flow is tracking and where margins are thin. See the Business Advisory & Financial Reporting page
- Systems and automation Practical changes to how figures move from your practice software into the accounts, so there is less manual entry.
Why OziDesktop
Why work with us
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We usually work from the reports or exports your practice system already produces.
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One team runs payroll and keeps the books, so roster details are not passed between two firms.
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We work with both medical clinics and allied health practices.
How it works
Discovery call
We learn how the practice is structured, who is on the payroll and what reporting you have today.
Practice review
We review your books, payroll and reporting, tidy what needs attention and agree the reports you need.
Ongoing support
We run payroll, do the bookkeeping and meet with you regularly to go over how the practice is performing.
What we need from you
- Access to your accounting software and bank feeds
- Reports or exports from your practice management system
- Payroll records, rosters and employment details for practice staff
- Prior-year financial statements, tax returns and BAS
- Details of your practice structure and any service or facility arrangements
FAQs
Common questions
Do you work with allied health practices as well as medical clinics?
Yes. We work with medical practices and allied health providers, handling bookkeeping, payroll and reporting for the practice as a business.
Can you take payroll off our practice manager's desk?
Yes. We process payroll and PAYG withholding for clinical and support staff and work from your rosters, so each pay run reflects the hours worked. We prepare super for you to approve, or pay it for you if you authorise us.
How will we know if the practice is actually profitable?
Our management reports break down revenue, costs and margins. They show which parts of the practice perform well and where costs could come down.
Can you work from our practice management system's reports?
Usually, yes. We use reports or exports from your practice system alongside your accounting software and suggest ways to cut down manual entry.
Do you also prepare the practice's tax returns?
Yes, through our tax and compliance service. When we keep the books, the returns are prepared from the same records.
Need something outside this scope?
Every business is different. If you need additional accounting, bookkeeping, advisory or specialist work, we'll explain what's required and agree the scope with you before proceeding.
Talk to an accountant about your business
- Fixed fees, agreed upfront
- We contact your old accountant
- Free discovery call