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Accounting Software

Jul 09, 2019

This is Dave Kats for Therapist Consultants. I have a tip for you.

Last week we talked about what kind of billing software you should use. We talked about Therapy Appointment being good and Therapy Notes being good and Practice Mate by Office Ally if you wanted something that was free. Today I want to talk about your bookkeeping software and I think hands down, you should have QuickBooks. QuickBooks has one program that resides on your computer that you can use and there is a Cloud-based software. They are both fairly inexpensive. Here's what you need to do, if you keep your books on QuickBooks, it makes it light years easier for your accountant at the end of the year. You should provide your accountant something that interfaces with the software he or she uses and your accounting fee should go down. Virtually every accountant in the world interfaces with QuickBooks, so I would suggest you get QuickBooks. If you know nothing about accounting, I would suggest you go to Craigslist or somewhere else like that and advise that you want to be trained on QuickBooks. Someone will come in and train you on your system with QuickBooks and teach you how to use it. If you feel that you are so computer illiterate that you don't even know how to spell IBM, then you should have somebody do your QuickBooks. You can find somebody to do your QuickBooks every month for a very low price and maybe even do it once a quarter. I would highly suggest that you use QuickBooks accounting software and have it in place so at the end of the year, it's very easy to talk to your consultant or to your accountant. Now, I should say one other thing, if you have QuickBooks, it also gives you a lot of practice statistics that you need to know, like your profit and loss. And if you're operating at a loss or at a low profit margin, you can look over your QuickBooks information and see where you can eliminate costs. It will be worth the money to get an accounting software like that and use it on a monthly basis.

This is Dave Kats, thanks for listening.

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