- Industries
- Audiology
Bookkeeping, Tax & CFO Services for Audiologists
Sound Financial Strategies for Audiology Practices
Audiology clinics face a unique mix of clinical care and high-cost retail. From managing expensive hearing aid inventory to navigating insurance reimbursements and warranty repairs, the financial side of running a practice can be overwhelming.
At Profit Matters, we provide specialized bookkeeping, tax planning, and CFO services for audiologists. Our goal is simple: keep your numbers accurate, your practice compliant, and your profitability clear — so you can focus on helping patients hear their best.
The financial challenges Audiologists face:
We understand the unique financial pressures of audiology practices:
No more late nights with messy numbers. We deliver timely, accurate bookkeeping so you can focus on your patients - not your finances.
How Profit Matters helps Audiologists:
We tailor financial services to the realities of your practice.
Day-to-Day
Accuracy
- Categorize device sales vs service revenue.
- Reconcile bank accounts, loans, and credit cards weekly.
- Track warranty liabilities and service contracts.
Payroll & Accounts Payable
- Smooth payroll processing for your clinical and support staff.
- Vendor bill pay automation for device suppliers and labs.
- Payroll tax filings handled on time.
Monthly Close & Reporting
- Monthly P&L, balance sheet, and cash flow reporting.
- KPI dashboards: average revenue per patient, device vs service margins, collections ratios.
- Warranty and recurring revenue tracking built into reports.
Tax
Strategy
- Deductions for devices, CE, licensing, and clinical equipment.
- Quarterly estimates and mid-year reviews to reduce surprises.
- Guidance on entity structuring for maximum tax efficiency.
CFO-Level
Insights
- Profitability analysis on device sales vs services.
- Forecasting cash flow for bulk device orders and warranty costs.
- Staff planning to keep payroll efficient.
- Strategic guidance for expanding services or locations.
Audiology Benchmarks We Track
- We help you measure performance against industry standards:
- Device sales often make up 50–60% of revenue — we help you analyze margins.
- Service contracts should generate predictable recurring income.
- Collections efficiency should be 97%+ to keep cash flow stable.
- Overhead typically runs 65–75% of revenue in audiology practices.
Client Story
An audiology clinic was struggling with warranty liabilities and unclear device margins. Profit Matters built a customized dashboard that separated warranty service costs from new device sales. This gave the owners visibility into true profitability — and led to better pricing and vendor negotiations. Within a year, their net margin improved by 11%.
Why Audiologists choose Profit Matters
Fun bookkeepers, serious results. We keep it light while delivering accuracy and insights.
Specialized expertise
We know how to track devices, warranties, and recurring contracts.
Full-service financial support
Bookkeeping, tax, payroll, AP, and CFO insights all in one place.
Scalable packages
From single-clinic practices to multi-location audiology groups.
Fun bookkeepers, serious results
We keep it approachable while delivering financial clarity.
Hear the clarity in your financials
Accurate bookkeeping, proactive tax planning, and CFO insights — all built for audiology practices.
FAQs: Audiology Bookkeeping & Tax
Do you track warranty and repair costs?
Yes — we build warranty and service commitments into your reporting so you see the full picture.
Can you handle device vendor payments and inventory tracking?
Absolutely — we integrate with AP automation tools to keep inventory and vendor costs accurate.
Do you help with recurring revenue tracking?
Yes — we account for service contracts and recurring maintenance income.
Do you provide both tax prep and CFO-level guidance?
Yes — we handle annual compliance, proactive planning, and strategic financial advisory.
