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Doctors, dentists, and other medical practitioners lead busy lives centered around helping other people lead happy, healthy lives. While it is clear that you might not have much spare time as a medical professional, it is still important to take a moment to learn how to use a chart of accounts for your medical business.
We offer a free PDF download of a QuickBooks chart of accounts for doctors, dentists, and other medical professionals.
Whether you run a general, dental, or specialty practice, our COA is tailored to your industry, designed to account for all of the services you offer as well as the expenses you might incur.
The income accounts for all health-based businesses such as yours typically look the same in QuickBooks. You should have an income account for service fees, a refund account, and a non-medical income account to track any extra income that does not come directly from meeting with patients.
Expenses, on the other hand, can vary depending on your type of practice. The basic expenses that all health service companies have are as follows:
Our industry-specific chart of accounts covers all of these bases and more to ensure that you are able to track your financials as accurately as possible.
However, that is not all we offer. We can customize your chart of accounts even further so that it is perfect for your unique medical practice, and we also provide a number of services to help you iron out the details and streamline your accounting.
If you have any questions or want to make use of our services, you can schedule an appointment with one of our expert team members!
