iStock_000034851034_Full copyPrecision Vein & Vascular knows that accurate and consistent accounting and financial service management are key parts of the business side of running a practice. As a physician, you need to be focused on providing outstanding patient care, and to do that you need the right support partner to help you effectively manage the day-to-day financial needs of your practice. Accounts need to be balanced, bills need to be managed and paid, and your payroll must be accurately processed on a regular basis. Precision’s accounting and financial department provides all the services you need to run a smart, efficient back office, with you in control of your money and how it’s managed. Here are some of the details of back office management that Precision can help you with:

 

 

 

Payroll

  • Bi-weekly processing
  • Doctor approved hours
  • Direct deposit or signature checks
  • Full support documentation, including time slips, earnings reports and government forms
  • Payroll tax fillings
  • W-2 preparation and IRS submission
  • Workmen’s compensation annual insurance audit

Accounts Payable

  • All invoices approved for payment by your office
  • Full accounts payable transaction recording and reporting
  • Invoices paid from your practice accounts in accordance with agreed terms

Financial Reporting

  • Monthly financial statements
  • Cost analysis and trends
  • Cash flow management
  • Government and financial institution reports
  • Assistance with corporate tax returns