Why Your Clinic Needs Specialized Medical Practice Bookkeeping to Thrive
Specialized medical practice bookkeeping is not just about organizing receipts; it is the financial backbone of a thriving healthcare facility. Many clinic owners assume that any accountant can handle their books. However, generic financial tracking often fails to capture the nuances of patient copays, insurance reimbursements, and complex inventory management. Consequently, without a system built […]
Scaling a Private Practice in WA: How ShillMed Balances Patient Care with Financial Health.
For most owners, the mission is deceptively simple: heal patients. But the reality of scaling a private practice in Washington State—from Vancouver to Spokane—involves a level of complexity that goes far beyond the exam room. Between insurance compliance, inventory management for supplements, and the overhead of a physical office, the “business” side of medicine can […]
Chiropractic Pricing Strategy: Triangulation for Higher Profit and Acceptance
Recently, I reviewed the financials of a thriving chiropractic clinic that was seeing record patient numbers but struggling with stagnant profits. In reality, their issue wasn’t a lack of patients; it was a lack of pricing structure. For instance, they were using a simple fee-for-service model that forced patients into a binary “yes or no” […]
The Scale Factor: Why Specialized Bookkeeping Firms Outpace In-House Teams
Recently, I’ve observed a recurring struggle among high-growth business owners who try to manage their expanding finances with a single employee. In reality, when a business starts growing, the numbers get more complicated—fast. For instance, you suddenly face more transactions, more accounts, and more platforms, with every decision riding on whether your books are accurate. […]
Precision in Production: The Ultimate Guide to Manufacturing & Sales Bookkeeping for Profitability
Recently, I’ve noticed a concerning trend where product-based business owners approach their financials with the same mindset as service providers. In reality, managing manufacturing & sales bookkeeping is nothing like balancing a checkbook for a consultant or a marketing agency. For instance, a service business primarily tracks money in and money out. However, in manufacturing, […]
Fuel Delivery Bookkeeping Guide: Scale Your Fleet & Master IRS Tax Rules
Effectively, mastering fuel delivery bookkeeping is the operational backbone of modern mobile energy providers like Juiced Fuel. However, simply delivering gas to North Dallas fleets isn’t enough if your back office is a mess. Specifically, the unique combination of volatile commodity pricing, complex excise taxes, and fleet depreciation makes standard accounting methods obsolete. Below, we […]
Shopify Bookkeeping Guide: How to Master E-Commerce Financials & Avoid Audits
Effectively, mastering Shopify bookkeeping is the difference between running a profitable e-commerce brand and merely churning cash. However, many store owners fall into the trap of assuming that their Shopify dashboard equals their financial reality. Specifically, ignoring the complexities of payment gateways, sales tax nexus, and inventory costs can lead to disastrous tax filings. Below, […]
Oil & Gas Bookkeeping: Managing JIBs, AFEs, and Revenue with Precision
Effectively, Oil & Gas bookkeeping requires a level of precision that few other industries demand. Specifically, managing Joint Interest Billings (JIBs), tracking Authorization for Expenditures (AFEs), and reconciling complex revenue statements can overwhelm generalist bookkeepers. However, without specialized financial oversight, operators and investors risk massive cash leaks and compliance failures. Below, we outline exactly how […]
Strategic Bookkeeping: Unlocking Growth and Stability for Entrepreneurs
Strategic Bookkeeping Gives You Clarity Early —Before Small Issues Become Expensive Problems From Technician to Entrepreneur: How Strategic Bookkeeping Unlocks Growth Stop working in your business so you can work on it. Strategic bookkeeping is the difference between running a business on guesswork and running it with clarity. Specifically, at GTB, we see three specific […]
Cheap Bookkeeping: The Hidden Costs Affordably Avoided
Cheap bookkeeping convinces many business owners that hiring a professional firm is something you do only after hitting a certain revenue number. They tell themselves, “Once I hit $1 million, I’ll hire a real firm.” But focusing solely on finding a cheap bookkeeping solution often backfires. The Hidden Bill: Why Cheap Bookkeeping Alternatives Often […]