Reconciled accounts
Review bank, credit-card and agreed balance-sheet accounts against supporting records. Document differences that need investigation.
Healthcare Accounting
A dependable monthly close for your medical group.
Connect bank activity, payroll reports and accounting records so you can review your financial statements with a clear view of what has been checked.
When accounting support helps
Reconciliations are overdue. Balance-sheet accounts are difficult to explain. Reports arrive without a clear list of open questions. A consistent monthly close gives these issues a place to be reviewed and followed up.
Illustrative workflow; scope agreed for your practice.
What the monthly work can include
Payroll reconciliation
Connect payroll reports with cash movements and related liabilities. Keep classifications consistent with your reporting structure.
Financial statements and supporting schedules
Prepare the agreed statements, explain the reporting basis and make unresolved items visible.
An organized chart of accounts
Use consistent categories as your practice's providers, locations and systems change.
Follow the change in cash.
| Illustrative monthly cash review | Amount |
|---|---|
| Opening cash | $80,000 |
| Cash received | $120,000 |
| Cash paid | ($95,000) |
| Closing cash | $105,000 |
The next question: which receipts and payments explain the change, and does closing cash agree with the reconciled records?
From records to a reviewed close
A clear sequence connects source information, agreed responsibilities and the reporting package.
- 01
Collect agreed reports
Use a consistent reporting period and identify missing information.
- 02
Reconcile and classify
Connect transactions and balances to supporting records.
- 03
Review exceptions
Explain differences, document proposed corrections and obtain approvals.
- 04
Prepare the package
Deliver the agreed statements and note remaining limitations.
Your team’s role: provide the agreed records and access, explain unfamiliar transactions and approve matters assigned to practice leadership. We agree responsibilities and close timing around your systems and available information.
See how responsibilities are organized →Questions about accounting support
Can you help if prior periods are unfinished?
Historical issues may need a separate cleanup project before a reliable monthly process can be established.
Does this include medical billing or payroll processing?
Those responsibilities are separately defined. Reconciliation focuses on connecting the reports and accounting records.
Can reports include our locations?
Location reporting can be discussed during scoping. The structure depends on how activity is recorded and the information available.