Alicia stresses the importance of making sure each client understands their financial story in a way that is clear, comprehensive, and easy to understand. Alicia & Therapeutic Bookkeeping empower clients to feel in control of their finances. Alicia definitely understands the day to day workings of therapists and the industry in general, and has created a streamlined & efficient process that helps clients achieve their goals. My business grew to the point where I could no longer manage my bookkeeping.
Be sure to keep your receipts in case of an audit, as you will need proof of purchases. The very first step in your private practice bookkeeping is developing a process. It is important for you to choose a process that really works for you, is stress free, and that you can STICK bookkeeping for therapists with! The biggest mistake therapists make is picking a process that is stressful or that they avoid. This helps us understand your employee reimbursements, benefits, time off, and all the other details. Once you’ve identified your needs, it’s time to scout a candidate.
Generate financial reports
And reconciliations happen almost in real time through daily bank feed maintenance, making the end-of-month closing process a snap. Now one bookkeeper can manage the bookkeeping for several businesses in fewer than eight hours a day. If you find that you have a talent for and enjoy the process, you may consider starting your own bookkeeping business providing this service to others. There’s always a demand for experienced, efficient bookkeepers in nearly every industry. Companies often outsource the organization of their finances to independent professionals, then hire accountants for more complex issues and tax filing.
Alicia took the time to help a starting business get off the ground. She had the knowledge and patience to help me get on the right path and answered my questions. Accountants typically have at least a bachelor’s degree in accounting, and many go on to become certified public accountants (CPAs) or certified management accountants (CMAs). Bookkeepers might also have degrees in accounting, but most have either technical certifications or on-the-job experience. While there are a myriad of courses available for bookkeeper education and training, a good deal of bookkeepers are self-taught since there are no required certifications needed to work as one.
Doing your own therapy practice finances doesn’t need to be stressful
I was nervous to turn it over and hesitant to spend the money but Alicia has been amazing and her services are worth every penny! She was able to clean up my bookkeeping and works with my accountant seamlessly. I haven’t worried about anything with my finances since I started working with her and that peace of mind is priceless. Not to mention, all the time I saved not trying to tackle this myself. Start by deciding on the system you want to use, whether it’s an online program, paid software or a spreadsheet.
