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 a therapy practice is more than just client care. For private practice owners, bookkeeping is essential to keep your finances in order, stay compliant with legal regulations, and maintain financial stability. Therapists face unique challenges, such as managing client billing, handling insurance reimbursements, and tracking business expenses like office rent and therapy tools. By…

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…

Therapists often juggle a full plate: managing client schedules, providing quality care, and keeping up with administrative work. It’s no surprise that, for many, bookkeeping quickly overwhelms them, especially when accuracy and compliance with tax and healthcare regulations are at stake. With limited time and the need to prioritize patient care, bookkeeping can fall by…

What Is Bookkeeping? Why Is It Important? You might be losing valuable time and hard-earned money because of a poor bookkeeping process. Bookkeeping practices require more than just knowing numbers and books — proper bookkeeping for your business goals plays a vital role for it to succeed. Recently, a successful doctor — we’ll call her…