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Medical accounting

Medical Industry Accountants


Practice One Accountants are a chartered accountants for doctors and other medical professionals in Sydney. We offer a complete range of business services including medical bookkeeping, accounting and taxation services as well as practice set ups for doctors and structuring advice with the use of Service Entities and Self-Managed Superannuation Funds.


Having members of family being Dentists, Sam has a unique understanding of the medical profession. We also have a large Clients base range, Dentists, Doctors, medical Centers and Physiotherapist, in which we helped them to set their business from scratch, so we know what it takes to start from scratch and run a successful practice within 3 to 5 years.


We know that your tax is the last thing you want be doing which is why we make that part of your business management as easy and stress free as possible. We will provide you with simple and easy business solutions and tax effective business structures that will maximize your profits and, most importantly, minimize the amount of tax you pay.


Wherever you are in your career, an Intern, Resident, Visiting Medical Officer, embarking on your fellowship or already a specialist consultant we are here to help you with every aspect of your accounting, tax and business needs no matter how large or small.


Medical Bookkeeping Specialists


We are experienced in a wide range of accounting systems including all versions of MYOB, Reckon and Xero. We also understand some medical industry software applications so if you are currently using a book or an Excel spreadsheet we are more than happy to make recommendations to make your system more efficient depending on your individual circumstances. We are also able to assist you with the transition to a new system such as Xero cloud accounting software and bank feeds, bookkeeping has become even easier. Don’t stress we will make sure to offer you the best training as well as will be available for any queries.


Why choose us for your Bookkeeping?


Having more than 15 years’ experience with medical bookkeeping we know who your medical suppliers are the treatment of your GST Free sales and supplies and most importantly what is tax deductible to maximize your expense claims and minimize the amount of tax you pay.


Therefore, we are able to process your information faster than your average bookkeeper. Our bookkeeping will have your accounts ready for submission to the ATO as soon as the financial year has ended. Our medical bookkeeping costs also include the preparation of your business activity statement.


If you’re ready to discuss becoming a client, click here to request an appointment.


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