Accounting Services for Doctors and Dentists
Being a doctor, dentist or any other medical professional, patient care is your topmost priority; however, managing a successful healthcare business also demands accurate maintenance of financial records and proper compliance with taxes. Have you been looking for guidance concerning the accounting part of your practice?
We, at Cogneesol, provide specialist accounting services for doctors and dentists across several countries. To successfully fulfill the requirements of our medical accounting clientele, our team of professionals has established customized accounting services for dentists, doctors as well as other practitioners. Our solutions are intended to consolidate the business aspect of your medical practice by offering comprehensive accounting, bookkeeping, payroll and tax preparation services.
Our Accounting Services for Doctors and Dentists
- Accounting Software Set-up
- Setting up the Chart of Accounts
- Accounts Payable
- Accounts Receivable
- Bank and Credit Card Reconciliation
- Payroll Processing
- Cash Flow Monitoring
- Budgets and Financial Projections
- Compilations and Reviews
- Financial Statement Preparation
- Personal Financial Statements
- Tax Preparation Services
We Support Multiple Accounting Software
With expertise in every accounting software and platform, our team of highly skilled professionals offer fast learning curves and swift implementation of solutions.
Our Key Differentiators
We have a qualified team of graduates from leading institutions who have been properly trained on the most up-to-date industry-specific software for numerous countries.
Experience and Credibility
We seek to provide value to what is being outsourced by strengthening the process. Our expertise has given us the understanding & experience to go up the value chain.
Security and privacy of your medical records/data are of utmost priority for our team. We have strict internal security processes to ensure data protection.
Doctors and dentists that outsource to us take leverage of our domain expertise. Our know-how in the field leads to greater operational efficiencies.
Compliance to Laws
We are aware that accounting compliance is a must and every transaction has to be carried out within the legal guidelines of a particular area.
Reduction in Costs
All the upsides listed above come with the advantage of low costs and huge savings! When you outsource, you obtain top-notch services at lower costs.
Who We Serve
Payer and provider networks
Public utilities and services
Local authorities (like transportation and defense)
Private and public sector organizations or entities
Our Accounting and Bookkeeping Process
The process we follow at Cogneesol when performing accounting and bookkeeping for doctors and dentists is briefly described below.
- Receiving source files from the client as scanned files or downloadable statements from the internet and perform a preliminary review. Informing clients on inadequate sources, in case any.
- Performing accounting functions such as bank, check and credit card entries, reconciliation of bank accounts with statements and credit cards, reconciling client checkbooks to software program balances, payroll processing, financial reviewing (technical and conceptual) to ascertain quality.
- Delivering all required financials to clients with essential feedback and observations within a consented time using a secure medium.
- Responding to any comments to comply with clients' standards.
Our team can easily collaborate with your current accounting team in the areas they need assistance or can even manage the entire process on our own.
We help our clients navigate from where they are to where they aspire to be through our always-on learning agenda in the form of client stories and blogs covering the latest industry trends.
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It is always a pleasure to learn that the work we do has positively impacted our clients and that they are happy to share their experiences.
As my medical practice grew, I felt the acute need of a good accountant who would not only manage my accounting but would also help with tax computations and statutory filings. Cogneesol gave me an accountant who takes care of my entire accounting cycle and keeps my records compliant, thus taking off a huge burden off my shoulders.
Two years into my own dental practice and I could not manage accounting for my growing clientele any longer. A fellow doctor recommended Cogneesol. One round of discussion and they set off with their due diligence processes. Within a month, every transaction was incorporated, and a structure put in place for up to date recording. My books are updated real time now!
Thank you, Cogneesol, for helping me wade through the peak pandemic period with your timely and accurate accounting. You have been my rock-solid support through these difficult and busy months. Me and my team stay grateful for your exemplary services. Thank You! We look forward to continuing our relationship with you through the years ahead.