The PracMD Accounting Process
PracMD offers the full suite of accounting services, from data entry to high-level strategic business advice, all integrated into your existing practice systems using reliable and proven accounting packages backed by expert technical and accounting support.
Here's an overview of the PracMD accounting process:
Practice Accounting Services
PracMD's full suite of accounting services includes:
- Accounting software selection & set-up
- Data entry and bookkeeping
- Management financial reporting
- Special purpose financial report preparation
- General purpose financial report preparation
- Bank loan financials and income statements
- Accounting adjustments and notes
- Revenue forecasting and expenditure planning
- Statutory accounts preparation
All of PracMD's formal accounting services are provided by recognised professional accountants who are members of Chartered Accountants Australia and New Zealand, the Institute of Public Accountants, or CPA Australia.
Accounting Software
Our consultants have extensive experience with a wide range of accounting and bookkeeping packages, including:
- Xero
- MYOB
- Quickbooks
- Reckon
PracMD can help your practice implement these software packages, integrate them with practice management software (e.g. Medical Director or PracSoft), as well as transition and migrate data from one accounting package to another. PracMD is accounting package agnostic, we believe that each of our clients should use the software that serves their needs best, rather than force them to use software made by companies we've partnered with.
