Dear Dangerously in Love with Finance,
I am a licensed professional counselor (LPC) who owns a mental health practice in Washington; I have a total of 4 mental health therapists within my practice. As a business owner, I know that I need to learn how to navigate the financial aspects of my business; I read all the books and everything else, but still, I wouldn’t say I like all the finance, bookkeeping, and accounting tasks. How do I find enjoyment and move past this?
Sincerely,
Finding Enjoyment
Hi Finding Enjoyment,
Finance, bookkeeping, and accounting are not subjects that licensed professional counselors and other therapists discuss during lunch. Why ruin lunch with such a boring topic? Who needs that?
Let me share some tips:
Acknowledge Your Feelings: It is okay to say that as a licensed professional counselor, finance, bookkeeping, and accounting are not your jam. Now you know!!!
The question now is, what do you do next?
Look for assistance: Get you an accounting firm specializing in bookkeeping for therapists. Call us (JS) – this is what we do! On a serious note – since this is not your jam, outsource these tasks, but please know that you still need to understand the financial side of your business.
Invest in education: While you may not have pursued a career in bookkeeping, accounting, and finance, acquiring essential knowledge and skills in financial management can empower you to better understand and oversee the financial health of your private practice.
Utilize technology: Tech can simplify your finance, bookkeeping, and accounting tasks. Many accounting and bookkeeping programs and apps are easy to use.
While the financial side of being a licensed therapist may not be your favorite aspect of the job, it’s a crucial component of running a successful practice.
Please call us; we will be more than happy to help you. As this is what we do…
Hope this helps….
– Lozelle Mathai
Your Health, Wellness, & Fitness Accountant
This article is designed to provide information only and should not be considered legal or tax advice. Because of the complexity of the law and the variables in your own personal tax and accounting situation, you can’t rely on our advice specifically related to your unique circumstances. In order to get the best tax savings and legal advice available to you, you should consult with your own accountant, attorney or advisor regarding your particular facts and circumstances. Healthy Bodies of Finance is an accounting firm that specializes in working with health and wellness providers. We provide monthly accounting & bookkeeping services and financial education. For more information on our specialized services for health and wellness providers please contact us at info@healthybodiesoffinance.com