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Accounts Payable
Working in Accounts Payable in a Healthcare Practice care be tedious and stressful, especially at the end of each month or fiscal year. It is crucial that you can trust the integrity of the information from your bookkeeper.
When it comes to bookkeeping, the size of the practice is one of the most significant variables contributing to the time it takes to complete. Depending on the size of the practice, there could be numerous bills due each month, and this job can be overwhelming for anyone who is not well versed in the task. Additionally, this job requires significant attention to detail, and the ability to problem solve should issues arise.
How can we help?
We want to take the busy work away from the office and automate the process to become more efficient. By using Quickbooks and other appropriate software, it alleviates the burden off of the practice, leaving you and your staff with more time to care for your patients and grow your business.
We provide weekly, monthly, and yearly P&L reports and comparisons. We will work with management to build a solid Chart of Accounts in order to make sure we are tracking expenses appropriately.
We would like to work with your team to:
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Reevaluate your Basic AP Processes
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Rethink Outdated Processes
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Standardize Inefficient Processes
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Automate
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Eliminate Manual Data Entry
Payroll Processing
Your staff are integral to the proper functioning of your practice, and retaining well-trained, responsible staff members is important for a practice to have long-term success. Processing payroll on time (and appropriately) is critical to employee satisfaction as well as the financial stability of your practice.
While this is typically a job that a Practice Manager of HR Department is capable of doing, there may be a time where you need coverage for these individuals, or you'd like to move the responsibility elsewhere permanently to open up their time for other responsibilities.
Whatever the case may be, PSU is ready to accept your hand-off of this responsibility, and is well-equipped to help you process payroll for your practice.
How can we help?
We can help verify employees work hours, deductions and earnings through your own payroll vendor. We have experience with Paychex, ADP and many others. Talk to a PSU consultant about how we can help you with Payroll Processing Services.
QuickBooks Reconciliation
Keeping track of the finances in any medical organization can be quite tedious. If your organization is using Quickbooks to track your bills and payments, our consultants can help you fine tune your reconciliation process each month.
The process of reconciliation typically involves going through your bank account statement line by line and ensuring no transactions have been omitted. At PSU, we recognize that many practices don't want to take time out of their patient schedule to dive into their banking history. We will work directly with your accountant to make sure each month is balanced and your profit and loss statement reflects accurate totals, so that you can go back to doing what you do best- caring for your patients.
How can we help?
It is important that the person that is handling this process for your organization is experienced, has a fine-tuned attention to detail, and understands the process and requirements to do the job properly. Allow us take some of the administrative burden off of you- speak to one of our experienced consultants about our QuickBooks Reconcilation Services today!