Does it feel like you're doing battle with clunky reports and disjointed systems when handling accounting for your psychiatry practice? If so, it may be time to become more dynamic. Many of your peers in your field do this by switching to the Sage Intacct for their psychiatry practice bookkeeping. In fact, this platform may allow practitioners to gain insights that may help with smarter business planning and growth. Let's take a look at the features that may be beneficial to your practice.
Dashboards and Reporting
The Sage Intacct accounting platform changes the game with its elegant, easily navigable dashboards. Practices like yours could potentially save lots of time-related to data input and reports with help from these beautiful dashboards. You're pulling up exactly what you need on your screen. In addition, automated reports are turning the data you put into the system into actionable tidbits that could used for short-term and long-term planning. The Sage Intacct "general" ledger includes 10 dimensions that contextualize all of your transactions, operational measures, and budget information. You know what's going on with your practice without the need for complicated sheets. You're now in a position to consult with your CPA to make decisions in real-time.
Sage Intacct accounting software handles core financials on an interwoven platform. That means everything that goes in or out can be tracked, charted, and reported. Here's a rundown:
- Accounts payable
- Accounts receivable
- Cash-flow management
- Purchasing/order management
Sage Intacct also has functions that may assist you or your medical practice CPA with tax planning for your psychiatry practice. They are built right into this platform thanks to its sophisticated reporting tools. The best part is that you're plugging information into a system that offers full HIPAA compliance. In fact, Sage Intacct’s platform is essentially unmatched in this regard.
Strong Flexibility and Integration
Our medical practice financial advisers like to explore this platform with growing practices due to its easy integrations. Sage Intacct offers integration with popular cloud-based services like ADP and Salesforce. That means you don't necessarily have to overhaul the way you handle everything once you bring in Sage Intacct.
What About Psychiatry Practice Bookkeeping for Multiple Offices?
Sage Intacct tax planning and accounting tools can often be scaled to serve the needs of single-location practices. The platform is also designed for multi-location practices. You're able to share a chart of accounts across multiple locations. In addition, instant consolidations and centralized payables are easy to set up. Audit trails, metrics, and consolidated financial statements keep multiple locations acting as one practice.
Get Support with your Psychiatry Practice Tax Planning and Accounting
At Fusion CPA, we know the best way to explore this platform might be in the company of our Sage Intacct verified implementors. Our software and financial experts are by your side. We can show you how this popular platform may help you enjoy time savings and greater efficiency. Give us a call today for your personalized consultation. 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.