How Veterinarians Pick the Best Bookkeeper

Why does a veterinarian need a bookkeeper?

If you are wondering what exactly bookkeeping is, then the simplest definition is “the process of recording all transactions which happen in your business.” This includes both the money coming in and the money coming out. Bookkeepers have different ways of recording these transactions, but the main objective of a competent bookkeeper is to record honestly, frequently, and correctly

As a veterinarian, it is extremely important that you pick a smart bookkeeper, as the medical industry is littered with all sorts of laws and red tape regarding your business. Most veterinary schools do not equip their students with the tools to properly handle the finances side of their business. A bookkeeper with many years of experience will search for opportunities to improve your cash flow and keep you updated on where any problems may arise.

Yoke Tax professionals have over 20 years of experience in this field. They are ready and willing to help you maximize your return on investment- simply give them a call!

The personal benefits of a bookkeeper

Time and time again, we find that business owners are simply overwhelmed. There is simply too much stuff to keep track of. Budgets, marketing, and customer satisfaction are all at the forefront of the business owner’s mind. That’s not including the entrepreneur’s own life, which is full of both minor and major stressors.

Thus, the most common benefit of a bookkeeper regaining control of one’s free time. Now that you do not have to spend several hours each week going through every transaction in your business, recording them, and going over them again, you are free. Instead, depending on what you request, you will get a weekly or monthly report, its implications, and how you can benefit- at no cost to your time.

Want to get started? Connect with a Yoke Tax professional to hammer out the details.

The second most important benefit of a bookkeeper is expertise. This is particularly true with bookkeepers who have been in the business for a long time. A professional bookkeeper will have the experience necessary to quickly identify common problems and mistakes which veterinary practices run into. He or she will be able to guide you through these issues, and find ways to lower the chances of them popping up again.

Why not hire an in-house bookkeeper?

We’ve established that maintaining and expanding a business is a lot easier to do when one utilizes a bookkeeper. However, a lot of business owners are on the fence as to hiring an online bookkeeper or one who comes in person to work.

This is understandable. Part of the anxiety of hiring virtual bookkeepers is not knowing who you’re working with. At least with an in person bookkeeper, the logic goes, you can get to know them personally.

But this is a very one-sided view of things. You can form a positive professional relationship with anyone, whether you meet in person or online. In fact, working with a YokeTax professional allows you to call in whenever you have a problem. And, because we want you to work with someone you can trust, you’ll be paired with a pro who meets your needs. It’s a win-win!

The hidden cost of full-time bookkeepers

Most veterinary offices do not require their own full-time bookkeeper. This is because, at most, a bookkeeper only needs to file one report a week, as well as provide assistance on related tasks. This does not require a full week of work!

Is it really necessary to hire someone to commute all the way to the office for five days a week, only to do two or three hours of work a day? The bookkeeper is forced to spend the other five or six hours doing minute tasks, and your business is bleeding money.

Rather than paying eight hours of wages (plus benefits!) to an in-house bookkeeper, hire a contractor to carry out the agreed-upon task. This allows you to pay for precisely the amount of work which you need done, and no more.



This puts the ball back in your court. It is your veterinary practice, so it is only natural that you choose what needs to be done, and only pay for that service. It creates efficiency in your business which will be the foundation of its future growth.

The truth about bookkeeping for veterinarians

If you have any more questions on the necessity of bookkeeping in the medical industry, read this article. There are many risks which businesses take on when they hire inexperienced or sloppy bookkeepers. Asking the right questions and getting honest, direct answers is the first step towards success for any veterinarian.