Xero bookkeeping for medical practices

Xero work for a medical practice

Payments can arrive at different times or in combined deposits. We tie the deposits in the practice's books back to the billing system's reports, then look after the bills that keep the practice running.

• Deposits from patients and other payers matched in Xero to the practice's billing reports, with combined deposits traced to the payments they cover
• Reception card takings compared with the billing system's end-of-day report, with refunds and reversals traced to the day they were processed
• A running list of deposits the billing reports do not account for, and of billings still waiting on a payment, for your practice manager to chase with the payer
• Bills for medical consumables and clinical supplies entered against each supplier, with the invoice attached in Xero
• Medical equipment purchases and servicing bills recorded, and any lease or finance repayments entered the way your accountant directs
• Practice running costs such as rent, cleaning contracts and software subscriptions entered as bills or matched from the bank feed, each coded to its own account
• Monthly profit and loss and aged payables reports from Xero, with income split by payer through tracking categories if that view helps the practice

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.