Doctors may require unique accounting systems to meet the many specialized demands of the medical industry, from legislative demands like disclosure laws to reporting guidelines for federal taxation compliance. Additionally, when a medical professional association or partnership runs a multi-office organization, there may be an added need for coordinated financial access to records, accounts, medical histories, and more.
What is the solution? For many physicians, Sage Intacct accounting software may be a solution. Sage Intacct may be used to help improve gynecology practice accounting as it offers a robust, all-in-one solution to several key challenges.
The Big Picture
Many medical professionals may not fully comprehend the variety of accounting help they require or what their partnership should do to stay IRS compliant. If you are a doctor who runs or owns a gynecology practice, you probably outsource most of your accounting, legal, and HR services and this strategy may also benefit you because it allows more time to focus on patients.
What does a software product like Sage Intacct offer, specifically, for a busy gynecology practice? The package is actually quite large, compared to many similar offerings in its niche. For one thing, you'll have access to a litany of standard and unique financial management features as soon as you install Sage Intacct onto your system. Further, if you get assistance from a CPA firm that offers Sage Intacct implementation, you may be able to save time, money, and optimize the software for your clinic. Here is a list of a few things a Sage Intacct gynecology practice account may be able to assist you with:
- CFO business advisory assistance: With accurate data, you may be able to prepare for the future with more confidence. As a part of Sage Intacct gynecology practice CFO business advisory functions, a CPA may be able to access your vast Sage Intacct data bank to offer you more targeted services.
- Efficient Tax Planning: If your bookkeeping if appropriately done, you may be able to save money when it comes time to prepare financial statements and tax filings. A gynecology practice accountant may use Sage Intaccts system to pull your data. This service also may help you stay current with tax responsibilities.
- Financial advising: If imported correctly, all your data will be in one handy place for your accountant to see. This increases the chances of receiving accurate data insights, and a good gynecology practice financial adviser can then work with you on a financial growth strategy.
Finding the Right Partner
Treating patients who come to you for essential healthcare services is most likely your top priority. If you are noticing your tax and accounting systems failing to meet clinic needs, it might be a sign that you need to make some improvements. Fortunately, here at Fusion CPA, our team of accounting professionals has years of experience working alongside physicians who want to install Sage Intacct and customize it to fit the needs of their medical practices. Our team of experienced accountants is motivated by providing excellent service. We serve to help you get the most out of Sage Intacct's product. At Fusion CPA, we also offer bookkeeping services that may help you improve your bookkeeping functions on a day-to-day basis. You can learn more about our services by clicking the button below to schedule a complimentary discovery call today!
This blog article is not intended to be the rendering of legal, accounting, tax advice or other professional services. Articles are based on current or proposed tax rules at the time they are written and older posts are not updated for tax rule changes. We expressly disclaim all liability in regard to actions taken or not taken based on the contents of this blog as well as the use or interpretation of this information. Information provided on this website is not all-inclusive and such information should not be relied upon as being all-inclusive.