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Accounting Services for Medical Professionals

Our Medical Accounting Services are tailored for doctors, specialists and allied health professionals working in medical centres. We understand the unique financial structures in healthcare from contractor agreements to shared practice expenses.

We use Xero and QuickBooks, integrating with your existing systems including Medicare billing platforms and practice management software, to automate income tracking, categorise expenses and prepare accurate financial reports.

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The challenges we solve:

Incorrect tax treatment of management fees charged by medical practices
Inaccurate GST reporting and misclassification of claimable expenses
Under-reporting of service revenue due to fragmented billing systems
Lack of clarity in tax planning for better financial outcomes

Measurable client benefits

Correct tax treatment of practice-related fees, reducing audit risk
Optimised GST claims and accurate reporting for better cash flow
Full visibility of service revenue, ensuring income is properly captured and reported
Strategic tax planning, helping you achieve better financial outcomes and reduce tax liability

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With 7 Bells, your healthcare accounting is managed with precision, so you can focus on delivering exceptional care.

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Accounting Services for Medical Professionals

The challenges we solve:

Measurable client benefits

7 Bells Accountants & Advisors | Australia | Email: info@7bells.com.au