QuickBooks bookkeeping for medical practices

Keeping a medical practice's QuickBooks file in order

With many small payments and comparatively few supplier bills, most of the work in a medical practice's books is placing incoming money correctly. This is what we handle in QuickBooks.

• Each bundled deposit compared with the practice system's payment report for the batch it covers, whether the money came from patients or other payers, with any gap noted so the practice manager can investigate
• Practice bank and card accounts brought into QuickBooks through an Open Banking connection, at banks that offer it, so their transactions flow in for us to match
• Income and costs recorded clinic by clinic where the practice has more than a single site and class tracking comes with its QuickBooks plan, so reports can be run for each site
• Supplier bills for clinical waste collection, laundered linen and medical consumables entered against each supplier, then matched when the payment goes out
• Every practice bank and card statement worked through in QuickBooks and reconciled, with payments yet to clear accounted for, bookkeeping errors corrected and any bank mistake taken up with the bank
• Your accountant invited to the practice's QuickBooks file as a firm, through Manage users, so they can review the books and make corrections there

Businesses by main state or territory

These counts are for the ANZSIC class General Practice Medical Services. The ABS counts medical practices outside general practice in a separate class, so they are not part of these counts.