Bookkeeping Services for Optometry Practice Owners
Handling your own bookkeeping takes away valuable time that could be spent on patient care. Books & Benchmarks has expert bookkeepers who can give you accurate, timely, and meaningful financials, freeing up time to make smarter decisions for your practice.
Chart of Accounts
We consistently deliver comprehensive and meaningful financial reports that are exclusive to independent optometry. Rather than organizing expenses in an generic alphabetized list, we categorize them into the 7 Key Expense Areas:
Cost of Goods Sold
Non-OD Staff
Occupancy Costs
Equipment Costs
Marketing
General & Administrative Expenses
OD Wages
Cost of Goods Sold
General & Administrative Expenses
Equipment Costs
Occupancy Costs
Marketing
OD Wages
Non-OD Staff
Monthly Reconciliation
Your books aren’t ready until they are reconciled. We’ll reconcile your financials on a monthly basis, so they will be ready when you need them for tax preparation, a loan application, or even to sell.
Payroll
Books & Benchmarks offers comprehensive support for a multitude of payroll-related tasks. Along with running payroll, we’ll help you add or remove employees, migrate to a new payroll system, ensure your benefits withholdings are correct, distribute wages and benefits to staff, owner ODs, and associates, and resolve any issues that might come up.
Bookkeeping
Frequently Asked Questions
Why should I use a bookkeeping service versus letting my CPA produce my financial statements?
Every business needs financial statements in order to file taxes, but tax filing is not the only purpose of financial statements. Books & Benchmarks delivers monthly financials that give your CPA everything they need to plan for and file taxes and meaningfully improve your understanding of your business.
A CPA only needs a net income number to file taxes. Our financials help you make sense of your practice’s expenses and cash flow.
Can I do my own bookkeeping and only use the benchmarks?
While we have no doubt that you’re the exception that proves the rule, our experience is that if we don’t control the data entry in the books, we can’t trust the data being fed to our benchmarks.
Additionally, we understand that you and your team (including your CPA) have many important responsibilities. Let us take care of handling categorizations and reconciliations, so you can prioritize patient care.
Why should I use a bookkeeping service versus doing the books myself?
As a practice owner, you may be facing a staff shortage like many other practices today. By trusting us with your bookkeeping, you’ll free up valuable time to focus on caring for the patients in your office.
Our team of professional bookkeepers understands the ins and outs of double-entry bookkeeping. Over 95% of the practices we work with needed significant revisions to their financial statements, especially their balance sheets. We can ensure you have accurate, timely, and meaningful financial statements. Your specialty is patient care; ours is bookkeeping. Let our experts manage your books so you can focus on what you do best.
Do I need to clean up my current books before joining?
No, we’ll take care of it! In fact, we encourage you to sign up and let us handle everything. With our extensive experience, we’ve encountered a wide range of scenarios, and no job is too complicated for our expertise.
Benchmarks
Payroll Support
Financial Partners
Books & Benchmarks Resources
Welcome to your go-to resource for tips on growing your business and gaining a deeper understanding of your practice’s performance. In our blog, you’ll find valuable insights on topics such as managing your practice more efficiently, assessing your financial position in the eye care industry, and making smarter decisions for your business.