Bookkeeping and Accounting for Physiotherapists

Searching for a bookkeeper and accountant for your physiotherapy practice? We manage your books, giving you more time to focus on your patients' wellbeing. Try us for free.

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How Bench works with physiotherapists

Get your bookkeeping, income tax prep, and filing done by experts—backed by one powerful platform. Bench is in tune with the unique needs of physiotherapists.

We get you set up

Our team invests the effort to intimately comprehend your physiotherapy practice, respond to your inquiries, assist you in connecting your accounts, and demonstrate how Bench functions within your business.

We do your bookkeeping

Every month, your dedicated bookkeeper sorts out your physiotherapy practice transactions and compiles financial statements. Should they require any further information from you, they will reach out.

We deliver tax-ready financials

Our team of experts understands the unique financial requirements of the physiotherapy industry and will tailor their approach to meet your specific needs.

Here’s why physiotherapists like you trust Bench with their bookkeeping and accounting

Get fast, unlimited support from our expert advisors

We'll keep in touch consistently with financial updates tailored to your physiotherapy practice. Got urgent queries demanding prompt attention? We promise to respond within one business day or less.

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screenshot of Bench support app

Guaranteed accuracy in every detail

Our platform is designed to streamline data inputs from the most recognized providers, reducing errors commonly encountered by physiotherapists. We collaborate with prominent partners like Gusto, Stripe, Shopify, and Square—ensuring your financial records are consistently precise.

See where you’re spending. Make smart decisions

Say goodbye to towering stacks of paperwork and tedious manual record-keeping—we automate data from all your linked accounts directly. Get insights from one single, central dashboard, enabling you to effortlessly comprehend the financial well-being of your physiotherapy practice and make informed strategic decisions.

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Bench integrates with your favorite small business tools

We sync seamlessly with your financial accounts and tools to keep your books up-to-date and save you the time and effort of manually uploading documents.

Trusted by 25,000+ American small business owners

“Bench helped me replace QuickBooks, and save about 6 hours per month of horrible accounting work, which is priceless.”

CHRIS RONZIO

CEO, TRAINUAL
“This is the first year where it’s tax season and I don’t feel anxious one bit.”

DR. BUKKY KOLAWOLE

FOUNDER/EXECUTIVE DIRECTOR, RELATIONSHIP HQ
“Bench has lifted a giant weight off my shoulders and freed up my time so I can focus on earning money and working with clients, meetings and calls.”

HEATHER SHOLL

FOUNDER, THE VILLAGES GYM
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We know bookkeeping for physiotherapists

With Bench Accounting, we perceive the intricacies that accompany running a physiotherapy clinic, from overhead costs, payroll, and therapy equipment investments, to managing insurance claims and direct billings. To support the needs unique to this healthcare profession, Bench provides online bookkeeping services through combining innovative software with skilled human bookkeepers. This system effectively sorts all your financial transactions, ensuring your records are always in order, and all your deductibles are accounted for.

Understanding that every physiotherapy practice is bound to industry-specific regulations, Bench comes in to shield you from costly mistakes. Our expert team is well acquainted with the laws and taxes relevant to the physiotherapy industry, including medical device excise taxes, Medicare taxes, and itemized deduction rules for healthcare professionals. We ensure seamless financial management while aligning to the proper regulatory framework. Additionally, common bookkeeping issues such as delayed billings, incorrect codings in insurance claims, and unaccounted for procedures are tackled promptly and accurately. The Bench experience not only simplifies your bookkeeping process but also leaves you more time to focus on your patient's wellbeing.

Simple, straightforward pricing for everything your business needs.

Get bookkeeping, tax prep, advisory, and filing with Bench's powerful, easy-to-use platform.

Choose Plan

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$249/mo

billed annually

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$399/mo

billed annually

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$299/mo

billed monthly

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$499/mo

billed monthly

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Frequently Asked Questions

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As a physiotherapist, what specific expenses can I claim as tax deductions in my practice?

As a physiotherapist, there are several specific expenses that you can claim as tax deductions. These typically include:

  • Business insurance
  • License fees and regulatory body dues
  • Professional development courses, seminars or conferences
  • Costs associated with running your clinic - rent, utilities, cleaning, etc.
  • Purchase and maintenance of office equipment and supplies
  • Purchase and upkeep of physiotherapy specific equipment
  • Any staffing or subcontracting costs
  • Marketing and advertising expenses
  • Travel expenses if visiting clients at their homes or other locations

Please note that this list isn't exhaustive and specific eligibility can vary. It’s always a good idea to consult a tax professional or a knowledgeable bookkeeper to ensure you’re making the most of your deductions.

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How can a professional bookkeeper help me manage my income from both private consultations and health insurance providers?

A professional bookkeeper can greatly assist in managing income from diverse sources such as private consultations and health insurance providers. Bookkeepers are adept at accurately recording all financial transactions, separating them into different income streams, and ensuring all income is correctly accounted for. This results in a clear and precise understanding of your financial health, and helps you plan and forecast future business decisions. In terms of dealing specifically with income from health insurance providers, a bookkeeper can ensure these transactions are correctly lodged, traceable, and reconciled, therefore providing peace of mind that all regulatory requirements are being met.

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What are some specific accounting considerations for a physiotherapy practice that offers both in-person and telehealth services?

Physiotherapy practices that offer both in-person and telehealth services may have several unique accounting considerations. These include:

  • Income diversification: Revenue streams could be segregated based on in-person and telehealth services, often resulting in varied pricing structures.
  • Medical billing and coding compliance: Telehealth services often fall under a different set of billing and coding guidelines compared to standard in-person treatments. Thus, proper accounting documentation is necessary for insurance reimbursement and audit trail.
  • Expenses segregation: Expenses related to technology for telehealth services (like software, hardware, and data management) and in-person services (like clinic upkeep and supplies) have to be tracked separately for effective cost control and profitability analysis.
  • Income recognition: The method of income recognition might differ, especially if prepayment is required for telehealth services. It is critical in forecasting and budgeting.

All these considerations can impact a physiotherapy practice's financial health and require a comprehensive understanding of both healthcare and accounting regulations. Bench Accounting's specialized bookkeeping services aim to provide this understanding, delivering efficient and compliant accounting solutions suitable for the multifaceted nature of modern physiotherapy practices.

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Does Bench outsource bookkeeping?

Nope! All bookkeeping is completed in-house.

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Will I have one point of contact?

Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.

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How much time each month will I have to spend managing my Bench account?

We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.

Bookkeeping Services for Physiotherapists

Sign up for a Bench trial, and get one month free. If you decide to go with us, we’ll take bookkeeping off your plate—for good.

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