I've been using simple practice primarily for EMR documentation bc most of my payments come out of a separate platform ( headway)
However i just realized I've been creating invoices and just charging them under "cash". since no billing was being done. Now i realize my income balance is inflated and doesnt reflect the few clients i actually do use stripe for payment. Will the yearly income in simple practice be reported to my 10-99?
How can I rectify this?
I actually don’t use SP for tax purposes. I only use QuickBooks which reports ONLY what money goes in and out of my bank account. Then you don’t need to worry about those work-arounds that don’t accurately reflect your income. SP may have a process to address this by now but they didn’t when I first started with them. But yeah, I’ve never used it for my financials.
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