Healthcare accounting · Medical, dental & therapy
Accounting, tax & CFO services for healthcare practices
Medical, dental and therapy practices need books that reconcile insurance payments, track production against collections and support smart owner tax planning. CPA Torrance is a CPA-led firm in Torrance serving healthcare practices in Los Angeles and nationwide.
- Payer and insurance reconciliation
- Practice payroll support
- Owner tax and retirement planning
In short
What accounting does a medical or dental practice need?
A healthcare practice needs monthly bookkeeping that reconciles insurance and patient payments to deposits, accurate payroll for providers and staff, and financial reports that show production, collections and overhead. Owners also need tax planning for entity structure, owner pay and retirement plans. CPA Torrance provides all of it in one team.
- Who we serve
- Medical, dental, therapy practices
- Core work
- Payer reconciliation, payroll, tax
- Where
- Los Angeles and nationwide
Common challenges
Why practice finances get messy
Practice software, clearinghouses, merchant processors and banks all hold part of the picture. When nobody ties them together, owners lose track of real profit.
Deposits that do not match collections
Insurance payments arrive in batches with adjustments, so bank deposits rarely line up with practice reports without careful reconciliation.
Provider pay without clear numbers
Associate and provider compensation based on production or collections needs reliable data, or it causes disputes and overpayment.
High earners with little planning
Practice owners often earn well but get no tax planning beyond the annual return, missing retirement plan and entity savings.
What we fix first
Most new practice clients come to us with deposits that do not match their practice management reports. We reconcile them first, then build a monthly close.
- 01Insurance deposits matched to remittances
- 02Provider pay tied to production
- 03Overhead tracked by category
How we help practices
Healthcare accounting services
One coordinated team for the books, the returns and the planning.
Bookkeeping Services
Monthly bookkeeping with insurance and patient payment reconciliation, merchant fees, payroll and overhead categorized for practice reporting.
02Tax Planning & Strategy
S corporation and professional corporation planning, owner salary, cash balance and 401(k) plans and year-end moves for high-income owners.
03Tax Filing & Compliance
Federal and state practice returns, owner returns, payroll tax review and help with IRS and state notices.
04Fractional CFO Services
Production and collections dashboards, overhead benchmarks, new location and equipment decisions, and lender packages.
Practices we serve
Healthcare practices we work with
FAQ
Healthcare accounting questions
Not covered here? A 15-minute call gets you a straight answer for your situation.
Do you work with dental practices?
Yes. We handle dental practice bookkeeping, production and collections reporting, associate pay support, payroll review, tax preparation and owner tax planning.
Can you reconcile insurance payments?
Yes. We match insurance and patient payments to deposits and remittance reports each month, so your books reflect what you actually collected.
What retirement plans work for practice owners?
Many owners use a 401(k) with profit sharing, and high earners often add a cash balance plan to shelter more income. We model the options with your plan provider.
Should my practice be an S corporation?
Many profitable practices save tax as an S corporation or professional corporation taxed as one. We compare the costs, including state taxes, before you switch.
Do you work with practices outside California?
Yes. We are based in Torrance and serve practices in all 50 states remotely.
Can you help set up our accounting software and reporting?
Yes. Our financial systems and advisory team sets up QuickBooks Online, connects bank feeds, payroll and payment processors, and builds reports so production, collections and overhead are easy to review each month.
Other industries we serve
Know what your practice really earns.
Book a 15-minute call to review your practice books and tax plan.