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  • Quality work in healthcare accounting
    Calculating the best opportunities for you
    Accounting & Bookkeeping for Healthcare Companies
    Accountor CPA We focus on growing your business
    Why are proper accounting methods critical to the healthcare industry?
    Healthcare accounting demands a unique approach to its financials. Professional healthcare accountants will focus on accrual methods, depreciation, allowances, and multi-entity revenue streams. The specialized services require alternative accounting methods to handle these circumstances accurately.
    QuickBooks Certified • XERO Silver Partner • HubDoc Certified • SAGE Partner
    Accounting Services for Healthcare CompaniesProceed with the form:

Effective Healthcare Accounting Services and How It Benefits Your Businesses

Healthcare is a prominent industry requiring a systematic approach when handling financial duties. Accountor CPA’s proper healthcare accounting reflects the needs of your business. So, instead of using basic accounting services at other organizations, you can call on Accountor CPA.

Using the correct accounting for the healthcare industry is vital for smooth operations. Talk to us if you own a healthcare business, such as a dental firm, chiropractor office, or medical clinic. We understand the unique financial needs of this customer-driven industry. Your operations can vary greatly from other businesses. The demand for specialized services requires expert CPAs to handle these situations.

If you need professional accounting for healthcare services, Accountor CPA can help. Our specialists have the healthcare CPA training and expertise necessary. We can handle your required financial accounting in healthcare, saving time and money. Don’t let an upcoming taxation deadline cause extra stress for you. Accountor CPA will ensure you avoid late penalties with your healthcare bookkeeping.

– Corporate Tax

Give back your corporate taxes.

– Payroll Services

Optimize staff performance.

– Bookkeeping

Cut the costs and huge expenses.

– Virtual CFO

Everything you need for company.

ACCOUNTING HELP FOR HELTHCARE INDUSTRY

We offer peace of mind, confidence, better performance, and more free time to develop your company.

KNOW WHAT THE NUMBERS MEAN FOR YOUR BUSINESS

We help our customers understand their business data and make better decisions drive to success.

REDUCE THE RISK OF EMBEZZLEMENT

We help you reduce the risk of embezzlement by tracking cashflow and flag unusual activity.

TAKE CONTROL OF YOUR WORKING TIME AND EXPENSES

We are here to provide you a simple and effective way to control of your working time and expenses.

Engage with the leading accounting firm in Canada
  • Efficient
  • Affordable
  • Saves you money
  • Peace-of-mind
  • Modern
  • Choice of options
  • Trustworthy

Why Canadian companies work with us

We create more opportunities for you and your business

There are thousands of reasons why Canadian companies choose our services. Here are a few of them that you might like:

  • 1

    We work all over Canada since 2015

  • 2

    We offer affordable prices and discounts to our clients

  • 3

    Our team always consider accounting tasks seriously

  • 4

    We create more opportunities for you

  • 5

    You can earn with our referral program

Sheldon Heidebrecht

National Sales Manager at Accountor CPA

Here at Accountor CPA we are always happy to provide nice people with a free consultation. Fill out and submit the form or use a calendar. We'll get back to you today.

Why Use Healthcare Accounting Firms

The healthcare industry has specific accounting and bookkeeping needs. So using a tailored approach for your business is best. Professional healthcare CPA firms, like Accountor CPA, can manage all financial demands and ensure your business books are accurate.

When you use our experts for your healthcare accounting needs, you will have:

  • More control over your working time and expenses
  • Minimal risks of embezzlement or fraud
  • An accurate view of your current financial situation
  • A better idea of your books and how to use them for future financial planning
  • Less stress while meeting taxation and reporting deadlines
  • Fewer mistakes resulting in eliminating fines or penalties
  • No missed possible tax opportunities

Our Accountor CPA experts can handle healthcare bookkeeping, tax preparation, payroll, and more. As your healthcare accountant, we will have your books accurate and completed on time. This way, you can focus on your patients instead of your financials.

Some clients who can benefit from our certified accountants for healthcare include:

  • Acupuncturists
  • Assisted living homes
  • Chiropractors
  • Dental offices
  • Hospitals
  • Laboratories
  • Massage therapists
  • Medical clinics
  • Pharmacies
  • Physiotherapy centers
  • Public health centers
  • Psychologists and therapists
  • Optometrists
  • Oral surgeons
  • Outpatient facilities
  • Specialist offices

We recognize that healthcare is much more than hospitals and doctor offices. So, owners of wellness businesses in Canada can use Accountor CPA’s many healthcare accounting and finance services.

How Healthcare Accounting Differs and Its Notable Fundamentals

The accounting niche bases all financial tasks on standard principles. But, accounting in healthcare industry applications requires a different approach. Some items, like balance sheets, are similar, but we manage healthcare financials uniquely.

Some distinct elements of healthcare accounting services we specialize in are:

  • Accrual accounting
  • Cost accounting
  • Multi-entity accounting
  • Allowances

Accrual Accounting for Healthcare Professionals

Accrual accounting is standard for the healthcare industry. This approach recognizes revenue and expenses when they happen instead of with payments. Healthcare follows this accounting method, so we support you through every aspect.

Accountor CPA is one of Canada's top healthcare accounting firms. We follow the accrual accounting principles of this industry. This way, we provide a more accurate look at your business financials. Additionally, we distribute considerable expenses throughout the fiscal year for more accurate projections.

Cost Accounting in Healthcare

Our healthcare cost accounting method identifies the cost value of products and services. Patients or insurance companies may see higher charges from your organization without proper cost accounting methods. You may undercharge suppliers and third-party providers for their services.

Because healthcare cost accounting is challenging, use the experts from Accountor CPA. We will ensure that your business's books are always accurate and up-to-date. We will help you see the bigger financial picture to make better business decisions.

Multi-Entity Accounting and Bookkeeping for Healthcare Organizations

Healthcare bookkeeping services often need to cover multi-entities within an organization. Accountor CPA’s specialists are familiar with this industry's diverse needs.

We can easily handle your multi-entity accounting, including private contractors operating within your building. This way, your books remain accurate at all times. As a result, there is less chance of mistakes or duplicate accounting processes. Your business will save time and money by streamlining bookkeeping for the entire operation.

For example, a local chiropractic clinic may also have a massage therapist and an acupuncturist operating within the business as independent contractors. Each separate entity requires individual healthcare bookkeeping and financial reporting. These challenges are best for our expert CPAs.

Our accountants for healthcare organizations have the knowledge to manage these multi-entity dynamics. So, if you use Quickbooks for healthcare professionals but on-site contractors use Xero, Accountor CPA can handle it for you and these separate businesses. We provide simple bookkeeping solutions for all entities operating within the same building.

GAAP (Generally Accepted Accounting Principles) Compliance

Certified healthcare CPA firms must adhere to the industry's Generally Accepted Accounting Principles (GAAP). These standards are typical for healthcare businesses. Our helpful CPA specialists can successfully navigate them for you.

We assist you in maintaining GAAP compliance. Our team ensures accurate financial statements consistent with other healthcare businesses. This way, shareholders and investors have the required financial details. This information aids with projections in profitable business decisions for a successful future.

The experts at Accountor CPA follow these accounting and healthcare guidelines correctly. Your books will then reflect the business's current financial state that the industry recognizes and accepts as standard.

Allowances

Accountor CPA understands the dynamic health industry and how your bookkeeping needs can change. Healthcare financial statements show variances when professionals perform services and receive payment later. These circumstances create challenges with financial reporting.

Sometimes a patient pays a percentage that their insurance doesn’t cover. Other times they aren’t able to make a full payment. So, having a way to show these adjustments is critical. Our professionals ensure that your books are accurate even with these variances.

We understand the challenges of healthcare invoicing. Our experts recognize the need for complete financial transparency. So, Accountor CPA knows how to properly allocate allowances to reflect these differences.

Accountor CPA: The Accountants for Healthcare Professionals In Canada

Accountor CPA is your best solution for accounting firms specializing in healthcare in Canada. Our knowledgeable CPAs work in the industry to tackle the many aspects of healthcare. We have extensive training, including patient invoicing, insurance claims, government regulations, and more.

You can stop searching for a “healthcare accountant near me” when you call Accountor CPA to handle your books. We have background experience with several proprietary accounting software programs. So you can trust that we will efficiently work with your existing system.

Besides, if you don’t have a current software program, we can recommend one best suited to your needs and budget. Here are some of these popular options in the healthcare industry.

Software Program 

Platform 

Ideal For Business

Quickbooks for healthcare

Cloud-based, online, and desktop options 

Small to medium 

Xero 

Cloud-based 

Small 

Sage Intacct

Desktop software for networks with cloud options

Small to medium 

Pact Business Solutions

Desktop software, cloud-based, offers mobile app features, and API unity

Small to large 

NetSuite 

Cloud-based program 

Small to large 

AccuFund Accounting 

Browser-based cloud platform

Non-profit and government agencies

What Makes Accountor CPA the Best Choice for Your Healthcare Accounting Needs

You are in good hands when you choose Accountor CPA to handle your healthcare accounting.

We continuously strive to offer the high-quality service you expect from industry professionals. Additionally, we keep up-to-date on all local, regional, and federal regulations. Therefore, you don’t have to worry about compliance issues or penalties with governing agencies.

We are more than your accountants for healthcare. Accountor CPA can help with realistic budgets and financial planning for the future. You can relax knowing that we find the best solution to your healthcare accounting needs. Our team uses scalable options for businesses of all sizes as an ideal approach to your finances.

Reach out to an Accountor CPA team member today. You will see how easy it is to transition your financial tasks to our professionals. We save you time and money with our essential services tailored to meet all your accounting objectives.

Submit an online request today, and we will gladly provide a complimentary discovery. This way, we can determine the most cost-effective solution for your healthcare business.

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