While the main goal behind running a therapy practice is helping clients, it involves a lot more than that. It also means managing behind-the-scenes details: money, records, taxes, and the decisions that shape your long-term stability. These can easily get complicated, but that’s okay. As a therapist, you were trained to help patients — not…

When you’re running a private practice, you’re a mental health professional and a business owner. And while you’re trained to track moods and progress notes, tracking your business finances might feel like a completely different beast. Unfortunately, a few simple bookkeeping mistakes can cause cash flow issues, inaccurate financial statements, and painful tax time surprises.…

Let’s be honest: you didn’t start your therapy practice because you love tracking expenses and reconciling bank statements. But here’s the thing — your financial health is just as important as your clinical work if you want your practice to thrive long-term. And after decades as a CPA working with mental health professionals, I can…

Being a therapist means you’re juggling more than client sessions. You’re also a business owner managing financial and administrative tasks, and the entire business structure that supports your private practice. Most mental health professionals weren’t trained for bookkeeping tasks like tracking insurance reimbursements, client payments, business expenses like office supplies and office rent, managing quarterly…

Managing the billing process is one of the biggest challenges therapists and mental health professionals face when running their private practices. With insurance claims, coding requirements, and client payments to juggle, the administrative load can quickly spiral out of control. This guide explores why billing services are essential, their key features, common pitfalls, and how…