MYOB for Healthcare Business
What Is MYOB for Healthcare Business Accounting?
MYOB for healthcare business accounting means running your clinic books in MYOB Business, AccountRight or MYOB Advanced, with jobs and tracking categories for patient fees, Medicare rebates, health fund claims and practitioner payouts. Cred Books sets it up and manages it, so each location gets its own monthly profit and loss report.
Since 2011, Cred Books has paired medical practices, dental clinics, mental health specialists, physiotherapy centres, surgical facilities, diagnostic labs and allied health providers across Australia and New Zealand with an MYOB Certified Partner and a dedicated MYOB certified accountant. Need another sector? We can also outsource MYOB accounting services.
Patient prepayments booked as income, rebates left unmatched, supplier bills posted to the wrong clinic: that's how practice ledgers break. When you outsource healthcare accounting services to Cred Books, we fix it at the source.
How MYOB Handles Patient Fees, Rebates and Practitioner Payouts
MYOB records patient fees, rebates, health fund claims and practitioner payouts in separate ledger accounts and tags each transaction to a clinic or practitioner using jobs and categories. Every location gets a clean profit and loss report, and patient prepayments stay apart from operating cash.
For medical practice accounting and healthcare bookkeeping, we configure jobs, custom fields, tracking tags and general ledger rules. It's the clinic bookkeeping that practice management software alone doesn't cover.
What our MYOB setup includes:
- Jobs, custom fields and tracking categories for clinic and practitioner reporting
- Patient prepayments and unearned revenue kept in separate bank feeds
- Monthly profit and loss statements for every clinic location
- BAS lodgement and GST reconciled across each clinical entity
- Practitioner commission splits and dividend statements from reconciled ledgers
We connect MYOB with Cliniko, Jane App, Kareo, Best Practice, MedicalDirector and Halaxy, so patient billing, invoice approvals, practitioner expenses, payroll and dividend payments run through one workflow.
Our MYOB Services for Healthcare Businesses
Every service below is handled inside your own MYOB file. A dedicated MYOB certified accountant does the daily work and your MYOB Certified Partner reviews the setup, so clinic bookkeeping, supplier workflows and monthly practice packets stay accurate.
Clinic Level Profit and Loss
Jobs, custom fields and ledger rules tag every income and expense line to a clinic and practitioner. You get a profit and loss report per location and a consolidated practice view.
Bank and Merchant Reconciliation
Card terminal feeds, patient co pays and health fund deposits are matched to open invoices. This work sits within our Outsource Account Reconciliation Services for Healthcare Businesses.
Rebate and Health Fund Claims
Medicare rebates, health fund claims and insurance payouts are recorded against the right patient invoice, so unpaid claims show up early and cash collection stays predictable.
Supplies and Equipment Payables
Medical supplies, pharmaceutical stock, pathology lab bills, equipment leases and bio hazard disposal fees are tracked, approved and paid on schedule across every clinic.
BAS, GST and Tax Workpapers
We prepare BAS lodgement and GST reconciliations, including GST free health items, plus audit proof workpapers your tax agent can use straight away. Need a full return? We offer Healthcare Tax Return Filing Services too.
Practitioner Splits and Dividends
Commission splits, utilisation rates and practitioner dividends are worked out from reconciled ledgers. Each practitioner gets a clear statement with full transaction backup.
Practice Software Integration
We link MYOB with Cliniko, Jane App, Kareo, Best Practice software, MedicalDirector and Halaxy, so patient invoices and supplier bills reach the ledger without double entry.
Reporting, Forecasts and Audit Support
Monthly reporting packets, cash flow projections and year end audit files. We also prepare management packs through our Healthcare Financial Reporting Services.
Payroll for Clinical Staff
Doctors, nurses, reception and allied health staff are paid on time through MYOB payroll. Our Healthcare Payroll Processing Services cover pay runs, filings and cost allocation.
Software Expertise
Cred Books vs In House MYOB Accounting: Which Suits Your Practice?
Outsourcing suits practice owners who want dependable numbers without hiring and training a finance team. Many clinic groups with overseas support needs also use our Offshore Healthcare Accounting Services to keep books moving across time zones.
| Factor | In house team | Cred Books (MYOB for Healthcare Business) |
|---|---|---|
| Cost | Salary, benefits, software and training | Accounting costs reduced by 40% to 60% |
| MYOB expertise | Depends on one or two staff members | MYOB Certified Partner and MYOB certified accountant on every account |
| Healthcare knowledge | Staff often learn rebate matching and patient fund rules on the job | Rebate claims, patient prepayments and practitioner splits handled as routine work |
| Reporting delivery | Often late because reports are built by hand in spreadsheets | Clinic level reports delivered on an agreed monthly schedule |
| Clinic scaling | Each new location or entity can mean another hire | Add clinics and legal entities without adding payroll |
| Coverage | Business hours, with gaps during leave | Dedicated team with trained backup |
| Audit readiness | Depends on the individual | Audit ready books with documented workpapers |
Why Healthcare Businesses Choose Cred Books for MYOB
Cred Books has served more than 1,000 clients worldwide since 2011. These are the reasons healthcare businesses stay with us.
MYOB Certified Partner
Every client is paired with an experienced MYOB Certified Partner and a dedicated MYOB certified accountant who set up, review and run the MYOB file.
Healthcare Accounting Specialists
Our accountants already know how rebate claims, patient prepayments and practitioner splits behave, so you skip the training curve on live clinic books.
Over 15 Years of Experience
Cred Books has been operating since 2011 and has refined its healthcare business accounting checklists on real files across several countries.
In House Team of 100+
More than 100 in house certified accounting professionals means cover for leave, peak periods and growth. No freelancers and no handoffs to strangers.
Audit Ready Ledgers
Reconciled bank accounts, documented workpapers and segregated patient funds hold up under health authority reviews and independent audits.
Lower Accounting Costs
Clients cut back office accounting costs by 40% to 60% without lowering quality, because they pay for expertise instead of desks and recruitment.
Which Healthcare Businesses Benefit Most from MYOB?
These healthcare businesses see the biggest gains when Cred Books runs their MYOB file.
Medical and GP Practices
Practice owners get clear rebate tracking, supplier payables and practitioner statements without spreadsheet clean ups.
Dental and Allied Health Clinics
Clinics track patient prepayments, equipment leases and commission splits by chair or practitioner.
Mental Health and Therapy Practices
Sole practitioners and group practices get tidy session income records and BAS lodgement done on time.
Surgical Centres and Day Hospitals
Facilities follow theatre supply costs, equipment leases and specialist payments from one MYOB file.
Diagnostic Laboratories
Labs track consumable stock, pathology payables and merchant feeds with clean month end reconciliation. See our Year End Accounting Services For Healthcare Businesses for closing the books cleanly.
Growing Multi Location Groups
Groups adding clinics or legal entities get a repeatable chart of accounts and clean consolidation.
Our MYOB Setup Process for Healthcare Businesses
Five steps take your clinic accounts from scattered spreadsheets to a tidy MYOB file.
Practice Discovery and Chart of Accounts Review
We look at your clinics, practitioners, bank feeds and software, then outline a ledger structure that fits.
MYOB Configuration and Tracking Setup
Your MYOB Certified Partner sets up the chart of accounts, patient prepayment accounts, jobs, custom fields and categories for clinic and practitioner reporting.
Platform Integration and Bank Feed Connection
We connect Cliniko, Jane App, Halaxy or your chosen platform to MYOB and link every bank account and card terminal.
Daily Processing and Monthly Close
Patient fees, rebates, supplier bills and payroll are reconciled against bank statements, then reviewed by a senior accountant.
Reporting Packs and Tax Workpapers
You receive clinic level profit and loss reports, practitioner statements and year end support schedules on time.
Frequently Asked Questions
What is MYOB for healthcare business accounting?
MYOB for healthcare business accounting means using MYOB as the main financial ledger for a clinic or practice. Cred Books builds the chart of accounts, jobs and tracking categories, then manages patient billing, rebates, supplier bills, BAS lodgement and practitioner payouts so each location has its own reliable monthly report.
Can MYOB track Medicare rebates and health fund claims?
Yes, with the right setup. We create clearing accounts for Medicare rebates, health fund claims and insurance payouts, then match each deposit to the patient invoice it settles. Unpaid claims show up early, and patient co pays and card terminal feeds are reconciled every month.
Which MYOB product suits a medical practice?
MYOB Business works for a small clinic with one or two practitioners. MYOB AccountRight suits larger practices that need jobs, custom fields and detailed tracking. MYOB Advanced fits groups with several entities and complex reporting. Cred Books manages all three and can advise on the right fit during onboarding.
Does MYOB connect with practice management software?
Yes. MYOB connects with Cliniko, Jane App, Kareo, Best Practice, MedicalDirector and Halaxy through integrations or structured journal imports. Patient invoices, practitioner expenses and supplier bills then reach the ledger without double entry, although the exact method depends on the platform and your MYOB product. We also use MYOB PayDirect and MYOB Expense tools for clinical purchasing, equipment maintenance bills, pathology lab payables and merchant terminal reconciliations across clinical entities and medical partnerships.
How does BAS lodgement work for a healthcare business?
We reconcile GST on fees and expenses each period, check the figures against your ledger, prepare the Business Activity Statement and lodge it before the due date. Many health services are GST free while some supplies and fees are taxable, so we set up tax codes by service type.
How are patient prepayments and unearned revenue handled?
We keep patient prepayments, unearned revenue and general operating funds in separate bank feeds and ledger accounts. That supports health authority audit requirements, patient data privacy standards and medical regulatory financial guidelines, and it keeps cash on hand easy to read.
How does MYOB track practitioner commission splits and supplies?
We use jobs and custom fields to split revenue by practitioner and clinic, then calculate commissions and dividends from reconciled ledgers. We also track medical supply inventory, pharmaceutical stock, equipment lease agreements and utilisation rates, so each practitioner and location shows a true margin.
What is an MYOB Certified Partner?
An MYOB Certified Partner is an accounting firm or professional recognised for its training and experience with MYOB products. At Cred Books, every healthcare business client gets an experienced MYOB Certified Partner, plus a dedicated MYOB certified accountant who handles the daily work.
How much can outsourcing MYOB accounting save a healthcare business?
Cred Books clients typically reduce back office accounting costs by 40% to 60% compared with running the same work in house. The saving comes from skipping salaries, benefits, software training and recruitment, while still getting certified accountants and a monthly review of every file.
How long does it take to move a healthcare business to MYOB?
Most MYOB onboarding handled by Cred Books takes between 3 and 7 business days. The timeline depends on how much history you bring across, the number of locations or entities, and how clean your existing records are.
Is MYOB or Xero better for a healthcare business?
Both platforms handle clinic accounting well. MYOB is built around Australian and New Zealand compliance, including BAS, GST and Single Touch Payroll, and it offers jobs for clinic level tracking. Xero is popular for its bank feeds and app marketplace. Cred Books manages both, so the choice depends on your entities, advisers and reporting needs.
Why choose Cred Books for MYOB for Healthcare Business?
Cred Books has run outsourced accounting since 2011, with more than 100 in house certified accountants and over 1,000 clients worldwide. You get a named MYOB Certified Partner, an MYOB certified accountant, a monthly senior review and healthcare business specific checklists rather than a generic bookkeeping service.