Bookkeeping and Financial Analytics for Medical Practices

Sunderland Valley Enterprises provides bookkeeping and financial analytics for medical, dental, and specialty practices. We keep the practice’s books accurate every month and turn the numbers into clear answers about profit, cash, and growth. Every client’s books are prepared by a former Chief Financial Officer.

Practice owners are trained to care for patients, and few have time to study financial statements. Our work gives you a reliable picture of the practice’s finances in a format you can read in minutes.

Bookkeeping for medical practices

• Transaction recording. Every deposit and expense is recorded and categorized in QuickBooks Online or QuickBooks Desktop.
• Account reconciliation. Bank, credit card, and loan accounts are reconciled every month.
• Payroll recording. Wages, payroll taxes, and benefits are recorded accurately from your payroll provider’s reports.
• Monthly financial statements. You receive a Profit and Loss statement and a Balance Sheet each month with a plain explanation of the results.
• Year-end support. Your CPA receives clean books and supporting records at tax time.

Financial analytics for medical practices

Financial analytics goes a step beyond the monthly statements. It studies your financial data to answer the questions that shape the future of the practice.

• Profitability analysis. See which parts of the practice earn the most and where margin is being lost.
• Cash flow forecasting. Know how much cash the practice will have over the next 13 weeks.
• Budgets and forecasts. Set a plan for the year and compare actual results to it each month.
• Owner dashboards. Track the key financial numbers of the practice on one page.
• Decision analysis. Test whether the practice can afford a new hire, new equipment, or another location before committing.
• Lender and sale readiness. Prepare financial packages that hold up in front of a bank or a buyer.

Questions our work answers

• Is the practice as profitable as it should be?
• Why does the Profit and Loss statement show a profit while the bank balance stays flat?
• How much can the owners safely take out of the practice?
• Can we afford to expand?
• Are our books ready for a lender, a partner buy-in, or a sale?

How we work with your practice

1. We review your current books and accounting file.
2. We correct any errors and bring the records current.
3. We keep the books each month and send financial statements with a short explanation.
4. We add analytics, forecasts, and dashboards as your questions call for them.

Why practices choose Sunderland Valley Enterprises

• Prepared by a former CFO. Jacqueline Oberst has more than 30 years of accounting and financial management experience and holds a Master of Science in Data Analytics.
• Clear explanations. You receive the numbers along with what they mean.
• One team for both. The same people keep your books and perform the analysis, so nothing is lost between them.

Common questions