Bookkeeping and Accounting for Radiologists

Looking for a bookkeeper and accountant for your radiology practice? We handle your books, so you have more time to focus on patient care. Try us for free.

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How Bench works with radiologists

Keep track of your finances and stay audit-ready with Bench. From bookkeeping to income tax preparation and filing, Bench provides top-notch services designed to meet the specific needs of radiologists. Experience the power of our all-in-one platform yourself.

We get you set up

Our team invests considerable effort to comprehend your radiology business, responds to your inquiries, assists you in connecting your accounts, and guides you through the workings of Bench.

We do your bookkeeping

Every month, your dedicated bookkeeper categorizes your radiology practice's transactions and compiles financial statements. If they require any additional information, they'll promptly reach out to you.

We deliver tax-ready financials

Our team of specialists are well-versed with the specific tax requirements of the radiology industry, and will tailor their approach to your radiologist business’ distinct needs.

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

Get fast, unlimited support from our expert advisors

At Bench Accounting, we ensure frequent communication with updates on your radiology practice's bookkeeping. Have urgent queries that just can't be put off? Rest assured, our team will respond to your concern within one business day or less.

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screenshot of Bench support app

Guaranteed accuracy in every detail

Our platform streamlines data inputs from most major providers to bypass frequent inaccuracies. We collaborate with partners like Gusto, Stripe, Shopify, and Square—ensuring your financial accounts are consistently precise, even in the specialized world of radiology.

See where you’re spending. Make smart decisions

Say goodbye to stacks of patient billing records and time-consuming manual financial tracking—we automate inputs directly from your linked accounts. As radiologists, gain insights from one central dashboard. Clearly understand the financial health of your practice and make strategic decisions with ease.

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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.”

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FOUNDER, THE VILLAGES GYM
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We know bookkeeping for radiologists

To run a successful radiology practice, you need more than just medical expertise. Keeping track with the multitude of financial transactions, complying with health sector-specific tax laws, and staying up-to-date with relevant legislation can be a challenging task, but it's critical to ensure the smooth operation and continued growth of your business. This is where Bench Accounting steps in. We offer precise and reliable bookkeeping service specifically designed to meet the unique needs of radiologists. Our expert team is familiar with the complexities of medical billing, as well as the recurrent costs associated with maintaining high-quality medical imaging equipment.

At Bench, we not only take care of the day-to-day bookkeeping, but we can also seamlessly manage the tax-related aspects that come with operating in the radiology industry. These could include interpreting tax implications on radiology-specific income like diagnostic imaging procedures, consulting fees, and research grants, as well as understanding the tax deductible expenses often incurred in this profession such as continuing medical education. While the radiology industry faces specific and often complicated tax and bookkeeping issues, Bench's combination of intuitive software and expert human bookkeepers make these tasks easier to navigate. We do your bookkeeping, so you can concentrate on what matters most - guiding your patients on their path to recovery.

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 radiologist, what specific tax deductions should I be aware of for my profession?

As a radiologist, you may be able to claim a number of tax deductions depending on your specific circumstances. Here are some potential deductions:

  • Medical Equipment: If you've purchased medical equipment for your practice, you may be able to deduct the cost of this equipment.
  • Continuing Education: Many radiologists must participate in ongoing education to retain their licenses. The costs associated with this education may be deductible.
  • Professional Insurance: The cost of malpractice and other professional insurances may be tax-deductible.
  • Professional Dues and Memberships: Dues paid to professional organizations and societies related to the field of radiology may be deductible.
  • Home Office: If you have a dedicated home office for managing administrative tasks related to your work, you may be able to claim a home office deductions.

Please consult with your accountant or a tax professional to confirm which deductions apply to your specific situation and how to best maximize your tax savings.

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How can a bookkeeper help me manage my income as a radiologist dealing with both private practices and hospital work?

A bookkeeper can make managing your income as a radiologist considerably easier. Dealing with both private practices and hospital work can lead to a complex financial situation. A bookkeeper can help record, organize, and interpret all your financial transactions. They'll track your income from various sources and your expenditures, giving you a clear overview of your financial status at any given moment.

Additionally, a bookkeeper can ensure consistent cash flow and help you avoid any financial pitfalls. They also take care of all the mundane but necessary paperwork, leaving you more time to focus on your medical practice. Lastly, when it comes to tax season, your bookkeeper will have all your financial records organized and ready for your accountant, ensuring an accurate and smooth tax filing process.

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What are some common bookkeeping challenges that radiologists face and how can Bench Accounting assist in this?

Radiologists frequently encounter several unique bookkeeping challenges. Such challenges include the complexities of insurance reimbursements, expensive equipment depreciation, accounts receivable management, and ensuring adherence to specific industry regulations and standards. These tasks are not only time-consuming but could also lead to errors if they are not handled properly.

At Bench Accounting, we understand these challenges that radiologists face. Our team of expert bookkeepers can streamline your financials by taking over all these demanding tasks. We can handle everything from categorizing transactions, managing accounts receivables and payables, to preparing financial statements, giving you the time to focus more on your practice. Furthermore, our bookkeepers will ensure that all your financial transactions are recorded accurately and according to regulations, reducing the possibility of any financial inconsistencies or errors.

In addition, our modern, user-friendly software provides you with real-time access to your finances, allowing for effortless financial tracking and decision making. With Bench Accounting, radiologists can be assured of efficient, accurate, and compliant bookkeeping to help grow their practice.

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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 Radiologists

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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