In need of a bookkeeper and accountant for your psychology practice? Let us handle your books, giving you more time to focus on your patient's mental health. Try us for free.
We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.
In need of a bookkeeper and accountant for your psychology practice? Let us handle your books, giving you more time to focus on your patient's mental health. Try us for free.
Our team makes the effort to thoroughly understand your psychological practice, respond to your queries, assist you in syncing your accounts, and guide you on how Accracy functions.
Every month, your dedicated bookkeeper sorts through your psychology practice transactions and compiles accurate financial statements. If they require any additional information from you, they'll initiate contact.
Every month, your dedicated bookkeeper sorts through your psychology practice transactions and compiles accurate financial statements. If they require any additional information from you, they'll initiate contact.
We'll persistently contact you with bookkeeping updates tailored for your psychology practice. Have urgent inquiries that can't be put on hold? We'll respond to you within one business day or even less.
Our platform enables you to streamline data inputs from most major providers, averting typical errors. We collaborate with providers familiar to psychologists like Gusto, Stripe, TherapyNotes, and Squareensuring your finances are always pinpoint accurate.
Wave goodbye to mountains of client invoices and labor-intensive financial tracking — our system automates inputs directly from your linked accounts. Gain insights from one comprehensive dashboard, empowering you to comprehend the financial health of your psychology practice and make informed strategic decisions.
For psychologists, the intricacies of their financial management can become overwhelming. Especially dealing with the nuances of medical service codes, industry-specific tax deductions, and laws such as HIPAA that require careful handling of sensitive information. This is where Accracy comes to the rescue. We provide adept online bookkeeping services that relieve you of these daunting tasks. Our team is proficient in managing psychologist-specific financial aspects like accurately reporting on both deductible and non-deductible expenses, correctly coding mental health services for billing, and handling private health information without violating HIPAA mandates.
Not only do we handle regular bookkeeping, but we also simplify tax preparation for psychologists. Incorporating a psychiatrist's professional and office expenses, making use of applicable deductions, and providing a clear representation of your business for the tax period require an adept understanding of the profession and its tax nuances. Accracy pairs intuitive software with expert human bookkeepers to manage your books in a revolutionary way. Our team knows the ins and outs of the tax laws and obligations applicable to psychology professionals, ensuring your accounts are not only compliant, but optimally organized for tax benefits. With Accracy, you can focus less on the complexities of finances and more on supporting your clients' mental health.
Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.
Everything in Basic plan +
As a psychologist, you can deduct a range of industry-specific expenses on your taxes. Some of these include:
Please consult with a tax professional or accountant to learn more about eligible deductions for psychologists, as this list is not exhaustive.
Managing a private psychology practice requires specific accounting practices for effective financial management. These include:
Outsourcing these tasks to a professional bookkeeper can streamline these processes and allow the psychologist to focus more on their clients and less on the financial side of running a business.
Not necessarily. While some aspects of finances in a psychology clinic, like insurance reimbursements and patient payments, can be complex, a competent and experienced bookkeeper should be able to handle these tasks. However, it may be beneficial to find a bookkeeper who has experience working with healthcare providers as they might be familiar with industry-specific financial challenges. At Accracy Accounting, we have a diverse team of savvy bookkeepers who have experience across various industries and can certainly help manage the financial aspects of your psychology clinic.
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.
Stress-Free Bookkeeping and Back Office Accounting Solutions for Your Business.
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.
BookkeepingOur payroll services offer comprehensive solutions for managing employee compensation in both Canada and the US. We handle everything from accurate payroll processing and tax calculations to compliance with local regulations and benefits administration. Our services ensure timely and precise payroll delivery, streamlined tax reporting, and up-to-date compliance with ever-changing laws.
Payroll ProcessingWe offer comprehensive sales tax services, including reporting, compliance, and filing, for both the United States and Canada. Our expertise ensures that your business adheres to all relevant tax regulations, streamlines your tax processes, and mitigates the risk of errors and penalties. Whether you operate in one region or across both countries, our team is equipped to manage your sales tax.
Sales Tax FilingBeyond 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 ReportingEfficiency 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.
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 BookkeepingExperience 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