VMORE – Finance Management

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VMORE – Finance Management

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Make informed decisions with the support of a Virtual Bookkeeper.

VMORE’s Virtual Bookkeeprs provide monthly management reports on the financial performance of your practice while our practice managers have oversight of your whole practice to ensure it is running efficiently.

VMORE’s Virtual Bookkeepers are vigilant about compliance,  taxation legislation and consistent adherence to business reporting obligations. We use leading accounting packages such as Xero and MYOB and implement digital efficiencies to make your life easier.

Keep your books healthy

Calculating provider reimbursements, facilitating payroll and reconciling accurately between your practice management and accounting software requires attention to detail, knowledge of the healthcare sector payers’ methods and time frames along with standard accounting principles.

Often practice owners consider this activity to be basic administration/data entry, however not having a strong understanding of accounting principles, legislative instruments that impact on a healthcare practice’s GST reporting can leave a practice exposed to penalties or tax implications.

Our strict policy of separation of duties and privacy compliance ensures that the potential for fraud is eliminated and that only authorised staff can view your financials.

Our Virtual Bookkeepers support practice performance with:

» data entry

» accounts receivable

» accounts payable

» bank/loan/credit card reconciliations

» BAS and IAS submissions

» superannuation guarantee submissions

» payroll services including payment summaries

» liaison with your accountant

» service fee calculations

» practice performance reporting

Our staff have considerable expertise in healthcare industry bookkeeping and VMORE (Virtual Medical Office Pty Ltd)  is a Registered BAS Agent with the Tax Practitioners Board abiding by the Code of Professional Conduct.

Privacy and confidentiality are second nature to us, which is particularly important in multi-provider situations.