The NACPB offers a certified public bookkeeper (CPB) certification, while the CPB offers a certified bookkeeper (CB) certification. Both the CPB and CB certifications require similar eligibility requirements. You may handle payroll functions as a bookkeeper, keep tax withholding records, and issue paychecks or send information to a contracted payroll service. Depending on bookkeeping for chiropractors the organization’s size, keeping track of business expenses and reconciling business statements may be your responsibility. Our financial bookkeeping services offer you more freedom to focus on your chiropractic practice and your family. Any successful entrepreneur will tell you to concentrate on the core business and leave the supporting function to the professionals.

If needed, we implement new processes to ensure you are getting the best data possible. With a professional bookkeeper by your side, you can focus more on providing your patients with the best care, and less on managing your finances. Investment in the right chiropractic practice management software can help a new or growing practice cut staff expenses considerably. ChiroTouch, the cloud standard in chiropractic EHR software, is the best choice a practice can make.

Importance of Bookkeeping for Chiropractors

Our team of professionals understands tax requirements for chiropractic practices and will tailor their approach to cater to your clinic’s specific needs. The P&L boils down to “sales minus expenditures equals profits,” or your net chiropractic income. It permits you to determine the practice’s net profits so you have the numbers to make financial projections. Along with the P&L, your practice’s business documents must include the cash flow statement and balance sheet. You became a chiropractor to help patients, but successfully managing your chiropractic income determines your ability to thrive in your practice.

• Both the CPB and CB certifications require similar eligibility requirements.
• Although software and calculators do most of the math, basic skills such as addition, subtraction, multiplication, and division are essential to helping you catch errors quickly.
• We provide basic bookkeeping services that every chiropractor needs, such as balancing the checkbook and issuing monthly financial statements.
• Doing data entry manually into a spreadsheet is old school and time-consuming.

If they choose to pursue a specialty, they may have to complete a residency that lasts one or two years. Therapeutic StretchesFollowing an injury, therapeutic stretching is an important way to prevent scar tissue from forming. Even after the injury has healed, maintaining a regular stretching program helps keep tissues flexible, increases mobility, and protects you from new injuries. As with exercise, your chiropractor will instruct you on proper stretching techniques and will supervise you until you are comfortable enough to do them on your own. Soft Tissue Manual TherapyChiropractors use a variety of hands-on soft tissue therapies to improve the function of the soft tissues (muscles, ligaments, tendons, and joint capsules). These include pin and stretch, also known under a proprietary name Active Release Technique (ART) and instrument-assisted soft tissue mobilization (Graston Technique).

What should you consider when hiring a bookkeeper?

Bookkeeping serves as the backbone of any successful business, including chiropractic practices. By maintaining accurate and up-to-date financial records, you gain valuable insights into the health of your business. These records not only help you monitor revenue and expenses but also provide a clear picture of your practice’s profitability, cash flow, and areas for potential improvement.

You must figure out why these losses happened and attempt to prevent a repetition. Although they’re required to earn a four-year degree before attending a chiropractic college, they aren’t trained as medical doctors. Instead, they attend a chiropractic professional school, which is typically four years. Back pain is an unfortunately widespread problem, with a study in 2010 ranking it as the third most burdensome health problem in the United States. New York City, NY – Top attorney handles wrongful death, MTA, bus accidents, airline injuries & death, medical malpractice, doctor errors, and construction cases.