Precision Vein & Vascular knows that accurate and consistent accounting and financial 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