Bookkeeping for Psychology Practices
Medicare rebates, contractor psychologists and room fee arrangements, handled properly in Xero. Clear numbers for group practices and solo practitioners alike.
Fixed monthly packages from $300/month.
Book a Free 15 Minute Call Call (02) 4003 5112What we look after
- Practice software linked to Xero
- Medicare and patient payments reconciled
- Contractor psychologist payments and room fees
- BAS and cash flow reporting
Sound familiar?
Owners of psychology practices deal with bookkeeping problems most small businesses never see.
Medicare and gap payments
Bulk billed, rebated and gap payments arrive in different ways. Keeping patient balances right is fiddly.
Contractor psychologists
Service fee and room fee arrangements need to be recorded consistently and reviewed for payroll tax exposure.
No GST, but still a BAS
Most psychology services are GST-free, but you may still need to lodge BAS and claim GST credits on costs.
Cancellations and no-shows
Cancellation fees, credits and refunds make patient accounts messy fast.
Bookkeeping built for psychology practices
Payment reconciliation
Medicare, patient and third party payments matched to invoices every week.
Practitioner arrangements
Service fees and room fees recorded clearly for each psychologist, ready for your accountant.
Practice reporting
Monthly reports on revenue per practitioner, utilisation and cash flow.
What clinic owners say
"The team at Stream Accounting have made a massive difference to our business! Always willing to go above and beyond. I keep learning better ways to do things. Efficient and always reliable."
Psychology practice bookkeeping packages
From $300 /month
Fixed monthly pricing agreed up front, based on your transaction volume and pay runs. No hourly bills, no surprises.
Get Your Fixed PriceCommon questions
Are my services GST-free?
Most psychology services are GST-free when they're delivered by a recognised professional and are generally accepted as necessary treatment. Some items, like products you sell, usually aren't. We check the treatment of each income line so your BAS is right.
Does my practice software work with Xero?
Cliniko, Nookal, Splose, Zanda (formerly Power Diary) and most other practice management systems connect to Xero. We set up the link so invoices and payments flow in cleanly, then reconcile them each week.
Can you help with payroll tax on contractor practitioners?
We set up your books so contractor payments are clearly recorded and easy to review. Payroll tax on contractor arrangements depends on your agreements and your state, so we work alongside your accountant or tax adviser on that question.
How much does it cost?
Fixed monthly packages start from $300/month, based on your transaction volume and pay runs. We give you an exact price on a free 15 minute call.
Other practices we support
Get your practice's books under control
Book a free 15 minute call and get a fixed monthly price for your bookkeeping, payroll and BAS.
Book a Free 15 Minute Call Call (02) 4003 5112