Bookkeeping Services for Medical Practices in Mississauga
You cure patients; we protect your practice’s financial health. Our bookkeeping services for medical practices in Mississauga boost OHIP payments by 40%. You don’t experience claim rejection with the SAL team!
Accurate Bookkeeping for Growing Medical Practices in Mississauga.
Maximize OHIP Returns.
Enhance payment processing times for OHIP and private insurance claims by 40%. No more missed billing opportunities with our Mississauga medical bookkeeping.
Reclaim Doctor Hours.
We help you reclaim 12+ hours weekly on financial tasks. Our system integrates with major EHR systems like TELUS PS Suite and QHR Accuro to reduce data entry time.
Audit-Proof Books.
Our CPA ensures 100% compliance with CRA regulations, OMA guidelines, and PHIPA requirements. We protect your practice and offer free audit support if needed.
Grow Your Practice.
Our medical practice bookkeeping in Mississauga helps you grow your practice. After working with us, clients see their profit margins improved by around 22%.
Expert Bookkeeping Services for Mississauga Medical Practices.
Transform your practice with our healthcare bookkeeping services in Mississauga. From OHIP billing management to tax planning, we’ve got you covered.
Medical Billing Solutions
- 100% OHIP approval with optimized billing
- Faster payments with APP/FFS management
- EMR integration with TELUS, Accuro, etc.
- Automate hospital income and shadow billing
- Multi-location billing across GTA
- Simple billing for uninsured cases
- Split billing for group practices
Financial Reporting & Analytics
- OHRS-compliant financial reports
- Overhead benchmarking with OMA standards
- Real-time KPIs for AFP & FFS
- Billing analytics to improve performance
- Cost allocation and fee-sharing insights
- QuickBooks and Xero integration
- Track capacity and plan revenue
- Cross-border tax reporting
- Custom reports for multi-physician teams
Expense Management
- Healthcare chart of accounts (CRA, OMA)
- Cost allocation for shared resources
- Track CME, dues, and hospital expenses
- Optimize Professional Corporation costs
- Maximize equipment depreciation
- FIFO tracking for medical supplies
- Streamlined payment processing
- Claim R&D tax credits for research
- Cost-per-procedure analysis
Payroll Administration
- Physician compensation for AFP and FFS
- Locum agreement payment management
- Cross-coverage payment tracking
- On-call and emergency shift payments
- Group practice fee-sharing management
- Payroll processing per Ontario rules
- Benefits for professional corporations
- 100% WSIB compliance for healthcare
- Integration with Canadian payroll systems
Tax Planning & Compliance
- MPC structure optimisation and compliance
- Manage exemptions for medical services
- Income splitting (salary, dividends, and fees)
- Maximize capital cost allowances
- Tax credits for medical residents
- SR&ED claims for research
- Manage quarterly tax installments
- CRA audit prep with healthcare documents
Practice Growth Advisory
- Practice valuation and succession planning
- Equipment financing with ROI analysis
- M&A due diligence for medical practices
- Plan multi-location expansion with Health Network
- Tax-efficient structuring for practice sales
- Cost-benefit analysis for equipment
- Strategic planning for cross-border growth
Trusted Bookkeeping Partner for Medical Practices in Mississauga.
Great brands trust our professional medical office bookkeeping in Mississauga. From family medicine to specialized practices, our CPA solves healthcare providers’ unique financial challenges.
Why 50+ Medical Practices Trust Our Bookkeeping Services in Mississauga.
See how our bookkeeping is a game-changer for your practice. Our clients report “increased collections rates and 2x profits since they have clean and organized books.”
Smooth Operations
Transform your practice’s operations. Save time by +30% with our automations.
24/7 Insights
Track metrics like Days in A/R, collections, and operating margins via a custom dashboard.
Full Compliance
Focus on patient care, knowing your books are 100% compliant with CRA, OMA, and PHIPA.
Medical Practices in Mississauga Rely on Our Bookkeeping Expertise.
Only Pay When You’re 100% Satisfied: Our Guarantee for Medical Practices.
Money-Back Guarantee
Only pay when you see results. We guarantee our services or your money back
Audit Protection
Relax with our zero-risk audit guarantee. We provide free audit support
Transparent Value
Bookkeeping for medical practices has clear, predictable pricing with no hidden fees.
Why Choose Our Mississauga Bookkeeping Services for Medical Practices.
Specialized Bookkeeping for Every Medical Practice in Mississauga.
Family Medicine Practices
High patient volumes can be overwhelming. Our bookkeepers track both OHIP and uninsured services and catch all billing opportunities. We efficiently allocate your costs and provide monthly analysis by service type to improve collection rates by 25%.
Dental Practices
We know how expensive equipment investments are. Our bookkeeping services for dentists in Mississauga save them over $15,000 annually on taxes. Our CPA knows how to manage major purchases, insurance relationships, and equipment depreciation.
Specialist Clinics
Procedures can be very complicated and extended. So, we use custom billing revenue recognition strategies designed for multi-stage treatments. Using our bookkeeping for medical practices, you can see a 22% increase in your operating margins.
Mental Health Practices
High no-show rates can be very concerning. You can use our predictive scheduling models to solve this problem. We manage multiple payment sources and track session durations automatically. It effectively reduces your billing cycle time by 45%.
Physiotherapy & Rehabilitation Centers
Different treatment frequencies can be confusing. Our bookkeepers track patient visit patterns and enhance staff scheduling as needed. We improve resource utilization by 30% by maintaining schedules and equipment utilization rates.
Diagnostic Imaging Centers
The billing process is difficult to track, and equipment is expensive to purchase. Our bookkeepers carefully track equipment ROI and billing workflows. Let us strategically manage equipment utilization and your relationships with referring physicians.
A Message from Our CPA
Hello! I’m the founder of SAL Accounting. We work with many medical practices across Mississauga, so I understand healthcare providers’ financial challenges. Our team offers the best bookkeeping services for doctors in Mississauga, ensuring 100% accuracy and compliance needed for growth. Let us handle your financial health so you can focus on your patients’ health—what matters most!
M. SALMAN
Meet Our Medical Bookkeeping Experts in Mississauga.
Sarah Zeyneb
Jazz Thind
Alex Hart
M.SALMAN, CPA
FAQs: Bookkeeping for Medical Practices in Mississauga.
How do you handle OHIP billing and reconciliation for medical practices?
In fact, many medical practices in Mississauga lose around 8% of potential revenue due to billing errors within the complex OHIP system. Fortunately, our automated reconciliation system achieves a 100% first-time approval rate. Our CPA takes care of all service codes and tracks your claims daily. This way, you can catch 15% more revenue than manual processes.
Does your bookkeeping software integrate with popular EMR systems?
Yes, it does. According to OMA studies, this type of bookkeeping can save medical practices +12 hours weekly. At SAL, we use QuickBooks and Xero, which are integrated with major EMR systems, including TELUS PS Suite and QHR Accuro. This way, you don’t need to manually enter data. It prevents 3-5% in revenue leakage per year caused by these errors, saving your practice more money.
How do you manage different revenue streams for my medical practice?
Medical practices in Mississauga now average 30% non-OHIP revenue. We separately track OHIP (70%), private insurance (20%), and self-pay (10%) streams. While provincial collection rates are 92%, we keep them higher than 92% with accuracy. Our expert bookkeeping for healthcare providers in Mississauga prevents the 12% revenue leakage. No need to separate streams.
How do your bookkeeping services handle HST/GST for medical practices?
Mississauga medical practices average $11,000 in HST adjustments during audits. We automatically categorize HST-applicable services, usually 25% of mixed practice revenue. Then, our CPA analyzes the latest CRA healthcare directive (DI-070R2). That is how we guarantee audit-proof HST filing and maximum Input Tax Credits. Although recent tax court rulings are more complicated, our bookkeeping guarantees 100% compliance.
Do you track medical practice expenses for tax preparation?
Our CPA considers specific ratios for tax purposes, including staff (20-25%), supplies (8-12%), office (10-15%), and professional development (2-3%). Meanwhile, we ensure compliance with CRA categories and current tax court rulings. Our bookkeeping system captures $15,000–$25,000 in deductible expenses per practice, whereas others miss 15% of eligible deductions.
How do you handle multiple physician income allocations in group practices?
Around 65% of group practices struggle with allocation accuracy. Our bookkeeping services for doctors in Mississauga track individual physician metrics. It includes patient volume, procedure complexity, and shared resource usage. Our CPA uses financial models to reduce allocation disputes by 90%.
What financial reports does your bookkeeping offer for Mississauga medical practices?
Medical practices using monthly reports achieve 23% higher profitability than quarterly ones. That is why we offer monthly reports including vital KPIs to track:
- revenue per patient ($185-275)
- operating margin (40-55%)
- collection ratio (>95%)
You also have access to a 24/7 dashboard to see Days in A/R. Our clients report that they could catch revenue opportunities averaging $45,000 annually with these reports.
Do you 100% guarantee CRA compliance for my medical practice?
Yes, we do. While medical practices face 30% higher audit rates than other businesses, our CPA ensures full CRA compliance. We maintain standard CRA and healthcare-specific regulations. Our bookkeeping services for medical practices save you $22,000-35,000 in potential penalties annually.
How do you manage the medical staff payroll?
We offer quality payroll services as well. Our CPA manages locum coverage (40% of practices use regular locums), part-time specialists, and variable-hour staff. Meanwhile, we ensure accurate WSIB reporting and 100% compliance with T4 reporting requirements.
Where is your office located in Mississauga?
Our office is at Square One and easily accessible across the Greater Toronto Area. We also provide virtual bookkeeping services and on-site support for our medical practice clients when needed.
Schedule Your FREE Consultation with Our Medical Bookkeeping Experts.
Ready to protect your medical practice’s financial health? Experience the difference our quality healthcare bookkeeping can make. Contact us now for a free consultation and see how we can help your practice thrive!