Implementing high-quality accounting software may increase cash flow at a medical practice by six figures. The "hidden" revenue may come from things like error reduction, automated data entry, and better accountability. It may be worth looking at Sage Intacct for your neurology practice accounting if you have a more efficient practice in mind. The average practice should expect to save about 40 hours of manpower per month while reducing time spent checking data accuracy. Let's take a look at what's inside the Sage Intacct platform and outline the possible benefits of utilizing it as your neurology practice bookkeeping platform.
Neurology Practice Accounting fundamentals: Keeping Core Financials in One Place
The Sage Intacct platform might be your practice's ticket for getting away from clunky spreadsheets and disjointed reporting systems. All of your core financials are in one place. Here's what's Sage Intacct offers:
- Accounts payable
- Accounts receivable
- Cash management
- Order management
Unfortunately, a large number of practice owners and managers might be constantly walking that complicated line of running both a healthcare entity and a business. Some may try to squeeze their accounting needs into platforms that are designed for businesses in other industries. Fortunately, Sage Intacct provides a niche platform for the financial flow neurology practice bookkeeping and much more.
You may be impressed when you see this platform in action. It has the functionality to deliver elegant, actionable dashboards that should put your financials in perspective. Dashboards can be customized to let you know what's upcoming, what's pending, and what's completed with a glance. In addition, Sage Intacct’s tools can also be set to populate data as you or your medical practice accountant reports financial activity. Sage Intacct's dashboards can bring insights. Your practice may get an entirely new way to track and report financial and operational data. Your staff might love the simplification of your chart of accounts.
Sage Intacct allows your practice to use special tags for transactions and operational data using exclusive dimension values. That means you no longer have to deal with the rigidity and entanglement of traditional hard-coded systems that require hundreds of hours of back work every time you make changes or updates. All dimensions that you or your neurology practice CPA creates may be applied to your general ledger, accounts payable, accounts receivable, fixed assets, and revenue management. In fact, you may add dimensions to any dashboard you operate! These dimensions might be essential for tracking metrics tied to your operations and cash flow.
Dimensions have the ability to simply improve the way you manage reporting. You have the option to access real-time answers to important questions regarding your financials in a flash. That means better decisions could be made without the need to pull up reports and spreadsheets spread across multiple platforms. What's more, you'll be able to produce simple, practice tax planning reports for your neurology practice CPA at tax time.
Running a Better Neurology Clinic
Working with a neurology practice financial adviser certified in providing Sage Intacct as a solution to medical practices like yours may be the most direct way to get this platform up and running at your practice. It's also could be the best way to unlock all features that are relevant for a practice of your size. At Fusion CPA, we may recommend this platform highly to practice owners who inquire about neurology practice CFO business advisory services. Our neurology clinic clients are usually delighted to hear that the Sage Intacct neurology practice bookkeeping platform can be fully integrated with Salesforce CRM. If you are noticing a need for an upgrade our team of medical practice accountants here at Fusion CPA know the ins and outs of this platform. 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.