Accounting Articles > Medical Accounting:

Medical practice accounting

Medical Practice Accounting is a specialty unto itself. As highly recommended CPA's and EA's, we have handled this difficult type of accounting for several years. The biggest difference between accounting for this profession, is the value of Accounts Receivable.

You're seeing patients, and billing their insurance carriers. Can anyone on the planet tell us what you are actually going to collect from the carriers? Is there an accurate number for Accounts Receivable? How much will you actually write off as a bad debt expense?

Over the years of handling the needs of Doctors, Dentists, Chiropractors, and Medical Specialists, we have developed answers to these questions which have stood up to audit. Call one of our Medical Practice Accounting Specialists today at (773) 267-7500. Don't try to handle this yourself. The Internal Revenue Service loves to audit higher income individuals. How much money can they get from someone who's on unemployment? Physicians are therefore consistently a target. The Standard Accounting Packages section of our website may have what you need. If you have an audit, unfiled returns, need a second opinion, or a payment plan, we can help. Call or e-mail our offices today.