Bookkeeping Services for Doctors, Dentists, Physiotherapists & all types of Medical Services
As a business owner you have more important things to do than to manage your bookkeeping. With Phenomenal Tax & Accounting Services, LLC's bookkeeping services, you can spend your time focusing on more important business operations, like growing your business or generating more profit, while we take care of your books for you.
Accurate bookkeeping is essential to your company’s long-term viability. Experienced, affordable, and reliable, we serve a variety of industries and clients from self-employed home-based business owners to small and medium size businesses with employees. When you outsource your bookkeeping services to us, you get one on one personalized service and state of the art technology and payroll software. Whether your business in medical or entertainment Business, we offer a premium and full solution accounting and bookkeeping. We present our services across California to:
Family Doctors Clinics
Cancer Services Clinics
Heart/Cardiovascular Services Clinics
LGBTQ Health Services Clinics
Men's Health Services Clinics
Pediatric Services Clinics
Transplantation Services Clinics
Women’s Health Services Clinics
Weight Management Services Clinics
If you’re just starting a business, we’ll set up reporting and record keeping systems that make it easy for you to keep track of where your money is going. If you’ve been in business for a while but need help cleaning up your books, we’ll work with you to streamline your bookkeeping systems and set up a system of checks and balances.
But the best part of using our bookkeeping services, is you will have more time to focus on running your business and generating more profits.
Here’s what we do for you:
Accounts payable (entry, bill paying)
Accounts receivable (entry, invoicing, deposits, collection)
Sales tax processing
Other financial reporting
Accounts Receivable / Accounts Payable
Bookkeeping Clean Up
Income Statement, Balance Sheet, General Ledger
Each month or quarter we'll do the following things for you:
Reconcile your bank accounts
Generate an income statement
Generate a balance sheet
Clean up your general ledger
Provide unlimited consultations
Phenomenal Tax & Accounting Services, LLC's bookkeeping services form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.
Reconciling your business bookkeeping each month allows us to keep your bank account, accounting, and taxes up-to-date.
Having us reconcile your account each month allows you to:
Identify lost checks, lost deposits and unauthorized wire transactions.
Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
Detect and prevent embezzlement of funds from within your company.
Know how your business is doing. You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
Sleep Better. You will sleep more peacefully at night knowing your bookkeeping is accurate, in balance and that all funds, accounts, checks and disbursed funds are properly accounted for.
An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.
An income statement allows you to:
Track revenues and expenses so that you can determine the operating performance of your business.
Determine what areas of your business are over-budget or under-budget.
Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
Determine your income tax liability.
A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.
A balance sheet helps you:
Quickly get a handle on the financial strength and capabilities of your business
Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively
Determine if your business is in a position to expand
Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses
Determine if you need to take immediate steps to bolster cash reserves
Determine if your business has been slowing down payables to forestall an inevitable cash shortage
Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.
Maintaining a Clean General Ledger
The general ledger is the core of your business bookkeeping company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.
Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.
There's no better time than now to take advantage of our bookkeeping expertise.