Bookkeeping and Accounting for Veterinarians

In need of a bookkeeper and accountant for your veterinary practice? At Bench Accounting, we manage your books, leaving you more time to focus on providing top-notch care for your furry patients. Try us for free.

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How Bench works with veterinarians

Trust your bookkeeping, income tax prep, and filing to the experts — driven by one powerful platform. Bench works seamlessly with veterinarians.

We get you set up

Our crew diligently takes the effort to comprehend your veterinary practice, address your inquiries, assist you in linking your accounts, and demonstrate how Bench can streamline your bookkeeping tasks.

We do your bookkeeping

Each month, your dedicated bookkeeper arranges your veterinary clinic's transactions and compiles financial reports. If they require any further information from you, they will promptly make contact.

We deliver tax-ready financials

Our team of experts is well-versed in the financial nuances of the veterinary industry and will tailor their approach to suit your practice’s specific needs.

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

Get fast, unlimited support from our expert advisors

We'll proactively provide bookkeeping updates catered to your veterinary practice. Have urgent inquiries that require immediate assistance? Expect a comprehensive response from us within one business day or less.

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screenshot of Bench support app

Guaranteed accuracy in every detail

Our platform simplifies the process of managing your financial data by automating inputs from leading providers, eliminating common errors. We team up with prominent vendors like Gusto, Stripe, Shopify, and Square—ensuring the financial record-keeping for your veterinary practice is always spot-on.

See where you’re spending. Make smart decisions

Wave farewell to stacks of veterinary bills and the hassle of manual record keeping—we automate entries directly from your connected accounts. Derive insights from one central dashboard, allowing you to effortlessly comprehend the financial wellbeing of your veterinary practice and make 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 veterinarians

Nurturing and healing animals may be your primary focus as a Veterinarian but understanding your financial landscape is just as vital. From purchase and operating expenses of your veterinary equipment, tracking the inventory of crucial medications and supplies, to the management of income and expenses - there are several profession-specific financial intricacies to track. This is where Bench Accounting comes into the picture. Our expert bookkeepers are well-accustomed to the financial responsibilities specific to your industry, from pet medication and treatment taxation to laws regarding animal care businesses, ensuring you are compliant while maximizing potential deductions and credits.

Bookkeeping issues won't be a thorn in your side anymore. At Bench, we offer expert and personalized online bookkeeping services, taking care of your bookkeeping and tax responsibilities, so you can keep your focus on providing the best care for your furry patients. By combining intuitive software with real, human, pet-loving bookkeepers, we turn overwhelming bookkeeping tasks into a smooth, manageable process. Our services include oversight on regular expense categorizations, reviewing monthly financial statements, and optimizing tax deductions which are specific to the veterinary industry such as equipment depreciation, continuing education costs, and insurance premiums. Bench transforms the way small businesses like yours manage their bookkeeping, bringing clarity, efficiency, and peace of mind.

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 Veterinarian, what specific tax deductions can I claim for my practice?

As a Veterinarian, here are some specific tax deductions you may be entitled to claim for your practice:

  • Medical supplies and equipment: These include items such as vaccines, medications, syringes, surgical tools, and any other medical supplies or equipment you use for animal treatment.
  • Rent or mortgage expenses: If you own your clinic, you can deduct mortgage interest and real estate taxes. If you rent your office space, you can deduct the cost of rent.
  • Utilities and business services: You can deduct the costs of utilities like electricity, water, and internet, as well as business services such as janitorial, accounting, and legal services.
  • Professional development: This includes costs associated with continuing education courses, professional publications and memberships, and attending industry conferences and seminars.
  • Vehicle expenses: If you use your vehicle for business purposes like house calls, you can deduct expenses related to car maintenance, gas, insurance, and depreciation.

Remember, all tax deductions must be both ordinary and necessary for your business. Always consult with a professional accountant or tax specialist to ensure you're correctly claiming all eligible deductions.

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How can a professional bookkeeper help manage the high costs of medical equipment in veterinary medicine?

Professional bookkeepers can play a critical role in managing the high costs of medical equipment in veterinary medicine. They provide an accurate record of all financial transactions, track incoming revenues and outgoing costs, and help to identify areas where cost savings can be made. This includes reviewing equipment purchases, comparing supplier costs, and seeing if alternative lower-cost options are available. Furthermore, with a detailed understanding of tax laws, they can ensure the practice takes full advantage of available tax deductions on equipment purchases. By implementing a proper budget and financial plan, a professional bookkeeper can help a veterinary practice optimize its resources, improve its profitability, and manage the high costs of medical equipment effectively.

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What are the common financial challenges unique to veterinary practices that an experienced bookkeeper can assist with?

Several financial challenges are unique to veterinary practices, which an experienced bookkeeper can assist with. These include:

  • Inventory Management: Ensuring precise tracking and control of a large number of pharmaceuticals and equipment.
  • Tax Compliance: Understanding industry-specific regulations and available deductions can be complex.
  • Cash Flow Management: Irregular income due to the fluctuating number of consultations, surgeries, and other treatments the practice handles.
  • Expense Tracking: Monitoring variable costs such as utilities, equipment maintenance, and medical supplies.
  • Periodic Revenue Reconciliation: Matching sales with services rendered can be challenging in a busy veterinary practice.

By partnering with a bookkeeper familiar with these industry-specific challenges, veterinary practices can focus more on delivering quality care to their patients while ensuring their financial health.

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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 Veterinarians

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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