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Bookkeeping

SYMPTOMS OF BAD BOOKKEEPING

  • Your books are never up to date.
  • You don't know what you're making each month, each quarter, or each year.
  • Within 60 seconds of asking, you don't know if you have enough money in the bank to pay something that came up suddenly.
  • Your financial statements don't tell you anything meaningful about your practice.

BOOKKEEPING DONE RIGHT

P1's Bookkeeping Service is a state-of-the-art, customizable bookkeeping service specifically designed for medical practices. Combining Quickbooks processing with our imaging capabilities, we will keep your books in shape, while eliminating unnecessary paperwork and, in the process, eliminating much of the paper. Our skilled professionals will give you the accuracy, reporting, and rapid turnaround you need, with minimal hassle, so that you can devote your fullest attention to what ultimately drives your bottom-line- practicing medicine.

HOW THE SYSTEM WORKS

Paperless Processing
Using a scanner, you upload your vendors bills, practice management billing information, payroll data, cash receipts, and other relevant documents to our server to which we give you access. By using our bookkeeping service, you create a paperless environment.

Quickbooks Processing
Working off the imaged documents, our skilled professionals enter data into Quickbooks, usually overnight. At your option, we can log into your computer, or host your Quickbooks on our servers. There are multiple options for check- processing depending on your needs.

Reporting
With each processing run, you receive, in PDF format, a standard set of control reports, documenting all activity, and providing backup to your key account balances. At month-end, you will receive a reporting package, also on PDF, including financial statements, bank reconciliations, agings, account analysis, and other information

Feedback
Quarterly, we will conference with you to review major financial highlights and provide guidelinge for moving you forward.

BEST BOOKKEEPING PRACTICES...

Relying on our decades of experience in the field, we start with a standard chart of accounts we've designed for medical practices. Our chart of accounts includes tax-line information to enable easy data transfer to tax programs used by our tax professionals.

Our reporting packages are carefully designed to provide basic, but comprehensive information without over whelming you with the details.

...BUT TOTALLY CUSTOMIZABLE

We tailor our services to meet the needs of our clients, who are some of the best in their respective specialties. In summary, we use the best bookkeeping practices to meet the needs of the best medical practices.