- Industries
- Veterinary Medicine
Bookkeeping, Tax & CFO Services for Veterinarians
Smarter Financial Management for Veterinary Practices
Running a veterinary clinic means wearing many hats — caregiver, small business owner, employer, and financial manager. Between high supply costs, variable patient volume, and the challenges of managing staff and equipment, profitability can quickly slip away without accurate books and proactive financial planning.
At Profit Matters, we provide specialized bookkeeping, tax planning, and CFO services for veterinarians. Whether you’re a solo vet, a multi-doctor practice, or expanding into new locations, we help you build a healthy business so you can focus on healthy pets.
The financial challenges Veterinarians face:
Veterinary businesses have unique financial complexities, including:
No more late nights with messy numbers. We deliver timely, accurate bookkeeping so you can focus on your practice - not your finances.
How Profit Matters helps Veterinarians:
We don’t just manage numbers — we help you understand and use them.
Day-to-Day
Accuracy
- Daily or weekly bank feed clearing.
- Reconciliation of bank accounts, credit cards, and loans.
- Categorization tailored to veterinary expenses and revenue streams.
Payroll & Accounts Payable
- Smooth payroll processing for vets, techs, and staff.
- Automated vendor payments for medical suppliers and labs.
- Payroll tax compliance and reporting.
Monthly Close & Reporting
- Timely financial statements (P&L, balance sheet, cash flow).
- Veterinary KPI dashboards: revenue per visit, medication markup %, overhead ratio.
- Balance sheet tie-outs so you can trust your numbers.
Tax
Strategy
- Specialized deductions: medical equipment, CE, licensing, and animal care supplies.
- Quarterly tax estimates and mid-year reviews.
- Guidance on entity structuring (LLC, S-Corp, C-Corp).
CFO-Level
Insights
- Profitability analysis across services (wellness visits vs emergency care vs surgeries).
- Cash flow forecasting to plan for seasonal swings.
- Staff planning: when and how to hire without overextending.
Client Story
A veterinary practice came to us with rising supply costs and unclear margins. After reconciling their books and creating a veterinary-specific dashboard, we showed that prescription markups weren’t covering inventory costs. Adjusting pricing and implementing AP automation increased net margin by 9% within six months.
Growth strategies for new locations or service offerings
Veterinary Benchmarks We Track:
Veterinary-specific expertise
We help you measure your practice against industry standards:
Cost Reduction
Average overhead for vet practices runs 70–80% of revenue — we help reduce it.
Detailed Forecsasting
Revenue per visit and per procedure.
Inventory Management
Inventory turnover rate for medications and supplies.
Build a stronger practice with Profit Matters
Accurate books. Proactive tax planning. Strategic financial guidance without the cost of a full-time CFO.
FAQs: Veterinary Bookkeeping & Tax
Do you track veterinary inventory and supply costs?
Yes — we manage inventory, cost of goods sold, and vendor payments so you know exactly where money is going.
Can you handle multiple locations or mobile vet services?
Absolutely. We consolidate financials and provide profitability by location or service type.
What about specialized deductions for veterinary practices?
We maximize deductions for equipment, supplies, licensing, continuing education, and even R&D tax credits when eligible.
Do you provide both tax prep and financial advisory for vets?
Yes — we manage your books, prepare and file taxes, and provide CFO-level advisory services.
Do you provide both tax prep and financial advisory for vets?
Yes — we manage your books, prepare and file taxes, and provide CFO-level advisory services.
