FAQs

At The Profitable Therapist, we understand that navigating the financial aspects of your physical therapy practice can raise a lot of questions. That's why we've compiled a comprehensive FAQ section to address the most common concerns and queries practice owners like you might have. Whether you're curious about how we streamline bookkeeping, ensure data security, or help reduce your financial stress, our FAQ provides clear and concise answers. Explore this section to learn more about how our services can support your practice, and feel confident in making informed decisions for your business.

What steps do you take to ensure my financial data is secure and confidential?

At The Profitable Therapist, your financial data’s security and confidentiality are our top priorities. We use advanced encryption, secure cloud-based storage through SmartVault, and regular backups with Rewind.io to protect your information from unauthorized access and data loss. Only authorized personnel have access to your data, and we conduct regular security updates to stay ahead of potential threats. These precautions ensure your financial information is safe, allowing you to focus on your practice with peace of mind.

How will I be able to track and understand my practice’s financial performance?

We provide you with regular financial reports that are clear and easy to understand, covering all the key metrics like revenue, expenses, and cash flow. These reports give you actionable insights into your practice’s financial performance. We also offer personalized consultation sessions to help you interpret the data and answer any questions, so you can confidently make decisions that drive your practice’s success.

Can you explain how your services will reduce my financial stress?

Our bookkeeping services take the stress out of financial management by ensuring your records are always accurate and up-to-date. We handle all the details, from monitoring your financial data to providing regular updates on your practice’s performance. This means you can stop worrying about the numbers and focus on growing your practice and caring for your patients, with the peace of mind that your finances are in expert hands.

What kind of support do you provide to make the bookkeeping process easier for me?

At The Profitable Therapist, we ensure your financial records are always up-to-date and accurate by managing all aspects of your bookkeeping. We handle everything from daily transaction recording to monthly reconciliations, so you can rely on us for precise financial data. Our consistent monitoring and attention to detail eliminate the risk of errors and save you time, providing you with a clear, real-time view of your practice’s financial health. This enables you to make informed decisions with confidence.

How can you help me keep my books up-to-date and accurate?

At The Profitable Therapist, we ensure your financial records are always up-to-date and accurate by managing all aspects of your bookkeeping. Our consistent monitoring and attention to detail eliminate the risk of errors and save you time, providing you with a clear, real-time view of your practice’s financial health. This enables you to make informed decisions with confidence.

What support do you offer if there are discrepancies in my financial reports?

If we find discrepancies in your financial reports, we quickly resolve them and ensure your records are accurate, keeping you informed every step of the way.

Can you help with tax preparation and planning?

We handle your tax preparation and ensure compliance with federal, state and local agencies, keeping your practice safe from penalties and maximizing your savings.

How often will I receive updates on my practice's financial health?

We provide monthly financial updates and reviews to keep you informed and confident in your practice’s financial health.

What tools or technology do you use to ensure accuracy in financial records?

At The Profitable Therapist, we use advanced tools to keep your financial records accurate and easy to manage. Our core accounting is handled through QuickBooks, which allows us to track and manage your financial data efficiently. We use Dext Prepare to quickly process your bills and receipts, ensuring everything is organized and accurate. For financial reporting, FathomHQ provides clear, actionable reports that help you make informed decisions. To keep your documents secure and accessible, we use SmartVault. Together, these tools ensure your financials are in order, giving you peace of mind so you can focus on providing exceptional patient care.

How can you help me streamline my bookkeeping process?

We streamline your bookkeeping by implementing our proven bookkeeping processes, which ensure accuracy and efficiency, so you can focus on patient care.

Still have questions?

We know that managing your practice's finances can be complex, and you may still have questions even after exploring our FAQ section. If you didn't find the answers you're looking for, we're here to help. Our team at The Profitable Therapist is dedicated to providing you with the clarity and support you need. Feel free to reach out to us directly—we're just a call or message away and ready to assist with any additional questions or concerns you might have.