Bookkeeping Services for Clinical Psychologists

Bookkeeping and Accounting for Clinical Psychologists

Looking for a bookkeeper and accountant for your clinical psychology practice? We manage your books, so you get more time to focus on your patients' wellbeing. Try us for free.

* No Debit/Credit Card Required
Accracy Accounting Online Remote Bookkeeping Services for Clinical Psychologists
Accracy Accounting QuickBooks Certified ProAdvisor
Accracy Accounting Xero Certified Advisor
Accracy Accounting Gusto Payroll Certiication
Accracy Accounting Fathom Certified Advisor
Accracy Accounting Karbon Certified Expert
Free 1 Month Bokkeeping Trial

New Customer Offer

We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.

* No Debit/Credit Card Required

How Accracy works with Clinical Psychologists

Looking for a bookkeeper and accountant for your clinical psychology practice? We manage your books, so you get more time to focus on your patients' wellbeing. Try us for free.

Accracy Accounting CPA CA Oversight
We get you set up

Our dedicated team takes the care to thoroughly familiarize ourselves with your clinical psychology practice, address your inquiries, assist you in linking your accounts, and guide you through the workings of Accracy.

Accracy Accounting Digital Fluency
We do your bookkeeping

Every month, your dedicated bookkeeper categorizes your practice transactions and prepares financial reports. If they require any additional details from you, they won't hesitate to reach out.

Accracy Accounting One-on-one expert support 24/7
We deliver tax-ready financials

Every month, your dedicated bookkeeper categorizes your practice transactions and prepares financial reports. If they require any additional details from you, they won't hesitate to reach out.

Here’s why Clinical Psychologists like you trust Accracy with their bookkeeping and accounting

Get fast, unlimited support for Clinical Psychologists with Accracy Accounting and Bookkeeping Services

Get fast, unlimited support from our expert advisors

We'll keep you updated routinely with your bookkeeping status. Are there urgent queries you need to address immediately? Our Clinical Psychologists can rely on us to respond within one business day, if not sooner.

Guaranteed accuracy in every detail for Clinical Psychologists with Accracy Accounting and Bookkeeping Services

Guaranteed accuracy in every detail

Our solution is designed to seamlessly automate data entry from most major providers, minimizing the potential for human errors. We work in harmony with service providers such as Gusto, Stripe, Shopify, and Square ensuring your financial records are consistently precise. Ideal for Clinical Psychologists like you, Accracy Accounting simplifies your bookkeeping process.

Make Smart Decisions for Clinical Psychologists with Accracy Accounting and Bookkeeping Services

See where you’re spending. Make smart decisions

Bid farewell to daunting stacks of paperwork and labor-intensive manual tracking — we seamlessly automate inputs directly from your linked accounts. Get comprehensive insights from our central dashboard, making it simple to grasp the financial health of your clinical psychology practice, enabling you to make strategic decisions.

Bookkeepers for Clinical Psychologists

For clinical psychologists navigating their private practices, Accracy Accounting provides an unrivaled solution for managing finances. We understand the unique financial challenges faced by psychologists — ranging from managing various income streams like private consultations, insurance reimbursements, and speaking engagements, to industry-specific tax deductions including professional development costs and home-office expenses. Our intuitive software and professional bookkeepers synergize to handle these intricacies, monitor cash flow, and maintain accurate financial records, leaving you free to focus on providing care to your clients.

Moreover, the health sector is governed by strict laws and regulations, including specific patient confidentiality statutes which also extend to billing and record-keeping. Accracy Accounting has a deep understanding of such regulatory frameworks and their implications on your bookkeeping requirements. Our expert team of bookkeepers ensures that your financial management stands up to any audits, simultaneously aiming for maximum tax savings. By managing your books and helping to optimize your tax deductions, we aim to reduce your financial stress allowing you to concentrate solely on your role as a clinical psychologist. At Accracy, we cater to your unique business needs and deliver efficient, secure, and compliant bookkeeping services.

Accracy Pricing

Simple, straightforward bookkeeping pricing for everything your business needs.

Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.

Basic

Starting from
$200 / month billed annually
  • Dedicated Bookkeeping Experts
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Catch Up Bookkeeping

$500 / Billed Once
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Executive

Customized Pricing

Everything in Basic plan +

  • Dedicated Account Manager
  • Sales Tax
  • Corporate Tax
  • Payroll
  • Accounts Payable
  • Accounts Receivables
  • Full Support Team
  • + Additional Customized Services

Schedule a Meeting

Basic

Starting from
$250 / month
  • Dedicated Bookkeeping Experts
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Executive

Customized Pricing

Everything in Basic plan +

  • Dedicated Account Manager
  • Sales Tax
  • Corporate Tax
  • Payroll
  • Accounts Payable
  • Accounts Receivables
  • Full Support Team
  • + Additional Customized Services

Schedule a Meeting

Frequently Asked Questions about Bookkeeping and Accounting for Clinical Psychologists

As a Clinical Psychologist, you can write off a variety of different expenses in your tax returns. These include:

  • Office expenses: If you maintain an office, you can write off expenses related to its upkeep, such as rent, utilities, insurance, and cleaning.
  • Psychological tests and tools: All the tools and tests you need to perform your job can be written off.
  • Continuing education: If you are required to take continuing education courses to maintain your license, these can be tax deductions.
  • Professional memberships and subscriptions: The cost of professional memberships to psychological associations or subscriptions to trade publications can often be written off.
  • Transportation: If you use your car for work purposes, you may be able to count this as a deductible expense. However, you must keep careful records.
  • Advertising and Marketing: Costs incurred in advertising and marketing your private practice are tax deductible.

As tax laws can be complex and vary by region, it's important to work with a knowledgeable accounting professional or bookkeeper familiar with the specifics of your industry to ensure you're maximizing your deductions while staying within legal guidelines.

A bookkeeper can significantly help in managing your insurance claims and payments in your psychology practice. They can assist in tracking your transactions, organizing your financial data, and ensuring you're on top of payments and claim requests. Additionally, they can also help in understanding insurance billing codes and how they apply to your practice. This, in turn, can lead to smoother transactions and lesser errors. A bookkeeper can ensure you're getting paid on time and help manage your cash flow better. Overall, their contribution can not only aid in your financial management but can also help you to fully concentrate on your practice.

To keep your clinical psychology business healthy and profitable, there're several financial reports that you should regularly review. These include:

<ul><li>Profit and Loss Statement (P&L): This shows the revenue, costs, and expenses during a particular period of time.</li><li>Balance Sheet: This snapshot of your business's financial position includes assets, liabilities, and equity.</li><li>Cash Flow Statement: This outlines the inflow and outflow of cash, helping you understand where the money is coming from and where it's going.</li><li>Accounts Receivable and Accounts Payable Aging: These details the due money or payments for your business within certain time increments.</li><li>Revenue by Client: This can help identify which clients are the most profitable.</li></ul>

Considering these reports will provide a complete view of the financial health of your clinical psychology business. Accracy Accounting can handle all these areas and more, providing you with detailed and highly organized reports.

We understand that when our clients turn their accounting and bookkeeping services over to us, trust is paramount. We have a team of certified professionals, use proven technologies, and hold ourselves accountable every day. Yes, you can trust us with your sensitive data and to deliver accurate, timely accounting services for your business.

Absolutely. Our team members are all certified in the leading accounting systems and can quickly get your files up to date.

Don’t worry, your financial data belongs to you. Our offboarding is pretty straightforward as we transfer account ownership to you. As a bonus, there’s no stopping you from replicating the workflows we’ve created for your in-house process – in fact, we encourage it.

Savings can vary considerably depending on your current solution, but our clients tell us that it is generally between 30% and 50%.

We do not provide year-end tax filing services as we are not a CPA firm. However, if you are looking for a year-end tax accountant, we would gladly refer you to one of our partners. Having a separate bookkeeper and year-end accountant ensures additional oversight on the accuracy of your books. Your year-end tax accountant can help you review your books during tax season.

No, we are not a CPA firm. Accracy is not a public accounting firm and does not provide services that would require a license to practice public accountancy.

No. We do not offer services which fall under the jurisdiction of these organizations. We have partner organizations who can provide those services if needed by clients. A good example of such services are tax advisory or statutory filings. We have a number of non-economic partnerships with CPA firms who can help our clients with these services if needed.

Every account is set up with a Client Success Lead who will be your day-to-day contact. They’ll liaise with the rest of the team members on your account which may include an accounting manager, bookkeeper, payroll specialist, and payables specialist.

Accracy can support a wide range of companies, from small businesses and startups to large public corporations. Our services are tailored to meet the unique accounting and bookkeeping needs of businesses across various industries.

At Accracy, we operate as a fully remote team, delivering our bookkeeping and accounting services online. We have the necessary tools and systems in place to work efficiently and securely from our remote locations. We will coordinate and collaborate with your onsite team to ensure smooth communication and workflow integration.

Accracy Accounting Frequently Asked Questions (faq)

Our Services

Your Needs, Our Solutions: Total Coverage Guaranteed

Stress-Free Bookkeeping and Back Office Accounting Solutions for Your Business.

Bookkeeping

Precise Financial Organization

Embark on a transformative journey towards financial clarity with our comprehensive organizational services. Beyond mere bookkeeping, we delve deep into the intricacies of your financial records. Every transaction is meticulously documented, categorized, and structured to provide not just accuracy but a foundation for strategic financial understanding.

Bookkeeping

Financial Reporting

Actionable Financial Insights

Beyond mere numbers, our reporting services are a gateway to actionable insights. We go beyond presenting data; we interpret, analyze, and deliver reports that serve as strategic roadmaps for your business. Timely, clear, and comprehensive, our insights empower you to make informed decisions, identify opportunities, and navigate challenges with confidence.

Financial Reporting

Accounts Payable & Receivable

Efficient Accounts Management

Efficiency is the cornerstone of our accounts management services. Whether handling payables or receivables, we streamline your financial transactions to optimize cash flow. Our focus is on creating a robust system that not only meets compliance standards but also ensures that your financial operations are a well-oiled machine, contributing to the overall health of your business.

Catch-Up Bookkeeping

Timely Financial Updates

Don’t let backlog hinder your progress. Our catch-up services are designed to bring your financial records up to speed. We meticulously address any gaps, ensuring that your records are not just current but also compliant. Stay on top of your financial game with timely updates that provide a comprehensive view of your financial landscape.

Catch-Up Bookkeeping

Fractional Controllership

Strategic Financial Guidance

Experience the benefits of seasoned financial leadership without the full-time commitment. Our fractional controllership services bring in experts to guide your financial strategies. Beyond mere oversight, our professionals actively contribute to optimizing your business performance. Benefit from strategic insights, financial planning, and a level of guidance that propels your business towards sustainable success.

Fractional Controllership

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