Professional Accountants For Doctors In Toronto
Doctors and health care practitioners are busy people and seldom have time to tend to matters of an accounting nature. The workday is long, and the last thing you need is to spend your precious time doing accounting work. Delegate that to somebody who does it all the time! At Toronto Tax Experts, our Accountants for Doctors in Toronto handle the numbers, to allow you to focus on treating your patients.
There are four financial statements required for your medical office of practice. They are General Ledger Bookkeeping, Bank Reconciliations, Corporate Tax Return and Financial Statements. When operating a healthcare office or practice, it is imperative to have accurate financial data for the patient and OHIP to maximize your profits.
When a Doctor focuses on both medical bookkeeping instead of treating patients, they are missing out on billable hours. Also, office Managers should not be in charge of accounting. Their time is better spent working on the admin and marketing functions of the practice. As a result, you should be organizing clients by sales referral source and have organized follow-ups based on billable visits. With the help of professional accountants for Doctors in Toronto, you’ll have the best bookkeepers working on your accounts.
Why Work with TTE’s Accountants for Doctors in Toronto?
With the help of our accountants for doctors Toronto, you’ll feel assured that your business continues to proper years into the future.
You can work with accountants on a fixed monthly amount of hours or by the hour based on your medical office’s needs. Also, instead of one individual working on your account, our team of industry professionals works together to ensure accuracy. At TTE, we use cloud bookkeeping software to file, track and secure your digital receipts and statements. Our accountants for doctors Toronto reconcile your bank accounts in software, accessible by you anywhere in the world.
How Toronto Tax Expert’s Accountants for Doctors Help You
Toronto Tax Experts proudly provides affordable and high-quality bookkeeping accounting services in Toronto for Dentists and Doctors. Send us your receipts and statements via Receipt Bank software provided by TTE, and we’ll integrate and publish receipts into your cloud accounting software of choice.
Monthly Packages available that will ensure your T1 Tax Return is completed, monthly bookkeeping, which includes Bank and Credit card reconciliations, Corporate Tax Return filing, Financial Statement Preparation, and Unlimited Support.
How to Get Started with Accountants for Doctors in Toronto
We’ll discuss your medical practice’s bookkeeping needs to determine which package works for you. Once we have defined your needs, we will create an engagement letter for your review and sign off.
Now we get started on the bookkeeping. At Toronto Tax Experts, our accountants for doctors in Toronto, work on monthly contracts, allowing you to cancel at any time. We’ll send you an email with relevant information and what files to send us to set up the software and CPA representation.
Set a call with one of our CPA’s and review all remaining questions or concerns.
We will set up Receipt Bank and Cloud Accounting software of your choice and send you login credentials.
Next, the team at TTE will ask you for your bank and credit card statements each month. Please send them to our team to ensure updated books by the next month.
The accounting software will update your bank account via the secure connection every day, ensuring we can reconcile your accounts.
Now month-end is completed, your expert bookkeeper will accurately reconcile your bank and credit card accounts against general ledger balances. After, we will send you an email with a few uncategorized transaction queries.
Respond with the missing details and you are done!