Top-Notch Bookkeeping Services for Doctors in Toronto
You treat your patients; we treat your books! Avoid claim rejections and boost OHIP claim accuracy to 100% with our bookkeeping services for doctors. Grow your practice’s profitability with SAL!
Better Books for Better Care: Bookkeeping Services for Doctors in Toronto.
Maximize Your Profits.
Take advantage of every billing opportunity. Enhance your revenue cycle and reduce Days in A/R by 40% with our bookkeeping services for doctors in Toronto.
Free Time for Patients.
Don't spend time reconciling accounts or processing OHIP claims. We save you 15+ hours per week on administrative tasks so you can focus on patient care.
Audit-Proof Your Practice.
Vaccinate your practice. Our CPA ensures 100% compliance with CRA and OMA regulations.
Practice Medicine, Not Books.
Sleep with peace of mind during the tax season. Real-time financial data from Quickbooks and Xero lets you practice medicine calmly.
Our Comprehensive Medical Bookkeeping Services in Toronto.
Heal patients, not bookkeeping headaches. Our Toronto medical accountants are here to help you grow your practice. From OHIP claims management to HST/GST return filing, we’ve got your back.
Billing & Claims Management
- 100% first-time approval rate on OHIP claims
- On-time reimbursement for offered services
- Automated billing processes for private insurance
- Patient invoicing and payment management
- Fewer Days in Accounts Receivable by 40%
Expense Categorization
- Accurate medical supplies and equipment tracking
- Expense categorization for continuing medical education
- Malpractice insurance premiums management
- Expense management for maximum tax deductions
Financial Reporting
- Monthly financial statements for practices
- KPI tracking (e.g., Revenue per Patient, Operating Margin)
- Financial comparison to Toronto medical practice benchmarks
- Regular financial health checks and expert advice
Tax Planning & Compliance
- Corporation tax planning for medical professionals
- HST/GST return preparation and filing
- Income splitting between salary and dividends
- 100% compliance with CRA regulations
Payroll Management
- Structured physician pay systems
- Processing locums tenens payments
- Payroll management for nurses and supporting staff
- Benefits and Pension Plan Management
Practice Growth Planning
- Cash flow management for practice growth
- Equipment purchase and financial analysis
- Due diligence for merger and acquisition
- Doctor’s retirement and succession planning
Reliable Partner for Toronto’s Doctors in Bookkeeping.
Regardless of your medical field of activity, we can help you, as we have helped more than 120 doctors just like you. Our CPA guarantees accurate OHIP claim submissions and 100% compliance with CRA regulations.
Trust Our Bookkeeping Services—Chosen by 120+ Doctors in Toronto.
Using advanced financial software like Quickbooks and Xero, we help dozens of doctors grow their practices.
See how our clients have “improved revenue cycles and 2x profits with our specialized bookkeeping for Toronto doctors.”
100% Claim Approval.
Save more money. We guarantee approval for each OHIP and private insurance claim.
Real-Time Insights.
A 24/7 online dashboard lets you monitor critical KPIs to keep your practice finances healthy.
Compliance Guaranteed.
Focus on your patients; we ensure 100% compliance with GAAP standards and CRA requirements.
Success Stories: Expert Bookkeeping for Doctors in Toronto.
Pay Only When You’re 100% Satisfied.
Money-Back Guarantee.
Pay just if you are happy with us handling your books. We work to meet your needs.
0% Auditing Risk.
Concerned about CRA audits? Knowing we provide free audit support, SAL helps you to relax.
Clear Pricing.
Our online bookkeeper provides open pricing to guarantee consistent financial management.
Reasons Experienced Doctors Choose Our Bookkeeping Services in Toronto.
Industry-Specific Bookkeeping Services for Doctors in Toronto.
Dentists
Say goodbye to 30- to 60-day payment cycles and high overhead costs (60-70% of revenue). Our accountants for dentists implement advanced A/R tracking systems and categorize revenue streams to optimize your profit margin.
Family Medicine
It is challenging to track expenses and overhead costs for home offices or multiple clinic locations. Our healthcare bookkeeping in Toronto conducted a multi-location financial analysis and provided OHIP billing reconciliation.
Specialists
With our bookkeeping services for doctors, you can balance the finances of your private practice and hospital work. Our CPA schedules equipment depreciation (usually 5-7 years straight line) for your high-value medical equipment.
Surgeons
Malpractice insurance costs can eat 5-10% of your gross income. We track your expenses and OR time to optimize profitability. Our professional bookkeeper for doctors in Toronto also offers cost-per-procedure analysis.
Pediatricians
Your reimbursement rate is 20–30% lower than adult care. Our medical bookkeepers control vaccination inventories using FIFO and fee analysis. We also compare patient throughput to profit to manage high patient volume.
Psychiatrists
You can’t manage OHIP and private pay patients, high no-show rates, and time-based billing without expert help. SAL is here to prevent revenue loss using advanced accounting software and dual-track billing systems
A Message from Our CPA
Hi everyone! I am the founder of SAL Accounting. I am aware of the particular financial challenges that Toronto’s medical practices face. Our professional bookkeeper for doctors in Toronto guarantees 100% accuracy and complete CRA compliance by offering customized bookkeeping. Trust us to simplify your financial management so you may concentrate on your patient’s health and well-being—that is the most important!
M. SALMAN
Meet Our Team of Bookkeepers for Doctors in Toronto.
Sarah Zeyneb
Jazz Thind
Alex Hart
M.SALMAN, CPA
FAQs: Bookkeeping for Doctors in Toronto.
Can you handle complicated OHIP billing?
Our dedicated team of bookkeepers and accountants for doctors in Toronto has years of experience with OHIP billing. It may be surprising, but we guarantee a 100% first-time approval rate. This can reduce your billing cycle time (up to 40%) and make your practice more financially efficient.
How do you secure the protection of patient financial information?
Our doctor accounting services in Toronto follow the PHIPA guidelines, use bank-level encryption for your data, and conduct regular audits for the systems’ security. For extra protection and trust, we maintain cyber liability insurance to protect your patients’ information.
How can you help me optimize my tax strategy?
We specialize in helping medical practices with tax planning. Our bookkeepers can analyze corporations’ structures and split income between salary and dividends. Our strategies typically reduce SAL’s clients’ overall tax liability by 15-20%.
How will your bookkeeping services for doctors interact with my existing medical software?
Our online bookkeeping services for Toronto doctors seamlessly integrate with over 20 of Toronto’s most popular EHR (Electronic Health Record) systems, including TELUS PS Suite, QHR Accuro, and OSCAR EMR. This results in 75% reduced data entry time and more financial accuracy.
I'm a doctor, and I'm just starting my practice. Can you help me?
Definitely yes! Our bookkeeping services for doctors are suitable for both professionals and beginners. We offer custom packages tailored to your needs that usually include help with incorporation, initial financial projections, and setting up practical bookkeeping systems from day one.
How often do your bookkeepers give me financial reports?
Depending on your preferences, our bookkeepers can offer quarterly and monthly reports for doctors in Toronto. These reports include important statements and metrics, such as income statements, balance sheets, and cash flow statements.
What do you do if I'm audited by CRA?
First, we guarantee 0% risk of CRA audits since we know how to deal with numbers. If CRA audits you by any chance, we will represent you for FREE and manage the whole process without you being annoyed or paying additional fees.
How are your bookkeeping services for doctors different from other services?
What makes SAL bookkeepers different from others is our niche expertise. We know how to manage OHIP billing, medical corporation structures, and healthcare-specific regulations. That is the key difference between a general bookkeeper and our expert bookkeeping services for doctors in Toronto.
How will your services help me grow my medical practice?
Our CPA provides in-depth financial insights for medical practices. They include cash flow projections, break-even analysis, and financial verification for your new equipment and practice mergers. Resulting in at least a 25% increase in profitability for our clients within the first year!
Where is SAL Accounting located?
We are in the heart of downtown Toronto. Our office address is 330 Bay Street, minutes from Union Station and CN Tower.
Book Your FREE Consultation with Our Bookkeepers for Doctors in Toronto.
It is time to grow your practice and achieve your dreams! We can not treat your patients but your books. Outsource your bookkeeping now and experience peace of mind. Contact us now; let’s work together!