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Our Standard Packages
Financial Outsourcing
(including bookkeeping) Packages
1
Quarterly Reviews
from $105.00per week
per entity
per entity
This package is for those who want to keep track of their own debtors & creditors but need a helping hand to manage their basic bookkeeping and compliance requirements. Payroll services not included.
Quarterly Professional Review
Quarterly Basic Financial Reports
Quarterly Review of Bank & Credit Card Reconciliations
Review of End of Year Reconciliations and Balance Sheet Item Checks for maximum efficiency during EOY Accounts Preparation
2
Need a hand
(simple)
from $285.00per week
per entity
per entity
For those who only require the detail of Cash Accounting and wish to outsource the Practices basic bookkeeping work
Cash Accounting
Reconcile Bank & Credit Card Accounts
Monthly Accounts Review
Monthly Basic Financial Reports
Enter & Match Invoices & Bills to Corresponding Transactions
Preparation & Lodgement of Installment and Business Activity Statements
Processing and Recording Doctors Pays in DPC & Xero - does not include physically paying them
Payroll available if required
3
We Got You
(medium)
from $380.00per week
per entity
per entity
For those who require more detailed Accrual Accounting and no longer wish to monitor and pay bills or deal with some COMPLEX bookkeeping transactions.
Accrual Accounting
Prepayments, Post Adjusting Journals
Provide end of Month Debtor Reports & ABA Files so the client can automatically approve and pay bills
Repeating Transfers/Inter-Entity transactions/ Profit Distribution Calculations and Posting Journal Entries
Preparation of End of Year Reconciliations and Balance Sheet Item Checks for maximum efficiency during EOY Accounts Preparation
All items listed in 2. Need a Hand
4
We Got Everything
(complex)
Enquire for price
For those who wish to outsource all COMPLEX & IRREGULAR bookkeeping tasks. This package also includes several templates the Practice may wish to use and annual compliance. Excludes non- bookkeeping advice. See package 9 for more information.
Annual Tax & Accounting Compliance
All Tax Office Enquiries
Division 7A Loan Agreement & Management
Dividend Statements & Distribution Minutes
Depreciation, Intangibles and Non-Regular Transactions
Annual Tax, Accounting, Financial Statements
Tax Returns
Statutory Register Compliance
Workcover, Payroll Tax, Superannuation and other Statutory Authorities
Capital Gains and Fringe Benefits Tax Payroll available if required Trust, Company, Partnership, and Sole Trader Accounting
End of Year Detailed Management Letter and Annual Benchmark Reporting
All items listed in 3. We Got You
Payroll Services: $12 per employee for first 10 employees + $7 per additional employee (excluding GST).
Please note this quote does not include any set-up or remediation work, and any work of that nature will be charged at our standard hourly rate of $190 per hour, and this does not include repeat reminders or all complex transactions (e.g. Purchase of Assets and Loans). Our Standard hourly rates apply for these transactions. All services will be provided during normal working business hours. Allow 2-3 working days for the completion of each task.
All prices advertised above are exclusive of GST.
Specialised Products & Services
High Performance Reporting
5
HIGH PERFORMANCE
Where are you now
(KPI PERFORMANCE REPORTING & NEAR-LIVE INDUSTRY AVERAGE BENCHMARKING)
total Fee $550.00per month
Reporting Fee: $400.00 per month
Plus 3rd Party Fee: $150.00 per month
Plus 3rd Party Fee: $150.00 per month
Near-Live Monthly Benchmarking with Nudge Advice
Monitors Performance Against Key Performance Indicators (KPI's) set by the Practice
Compares Current Periods Results to the Same Period Last Year's Results
Brief Written Analysis on all Results
6
ULTRA HIGH PERFORMANCE
How do you get to your financial goal
(KPI PERFORMANCE REPORTING & NEAR-LIVEINDUSTRY AVERAGE BENCHMARKING)
total Fee $760.00per month
Reporting Fee: $610.00 per month
Plus 3rd Party Fee: $150.00 per month
Plus 3rd Party Fee: $150.00 per month
Includes all Items listed in 5. High Performance
Customised Reporting tailored to your Practices Needs
Customised KPI's specific to your Practice's goals
2 Hours of Practice Mentoring
2 Verbal Advice - non-cumlative
Please note this quote does not include any set-up or remediation work and any work of that nature will be charged at our standard hourly rate of $190 per hour
Please also note Health and Life do not receive any commissions or incentives to promote/use 3rd party providers. These costs are simply reimbursement costs for Health and Life
All prices advertised above are exclusive of GST.
7
DOCTORS PAY CALCULATOR SOFTWARE (DPC)
(DO IT YOURSELF BOOKKEEPING)
from $7.00per user per month*
*Depends on practice size
*Excludes Setup Costs
*Excludes Setup Costs
This is a software program developed by us and is unavailable anywhere else in Australia. It is a database program that helps practices calculate pays to providers who are paid on a percentage of their gross receipts. It automatically prepares Tax Invoices, BAS and Income Tax Extract Summaries as well as calculating guaranteed minimums and other incentive payment arrangements. Set-up fee not included (ie. template COA Xero mapping to Doctors Pay Calculator ad Medical Software Program).
Doctors Pay Calculator Program in the Cloud
Annual License Fee
3rd Party Cloud Hosting Costs
All prices advertised above are exclusive of GST
Please also note Health and Life do not receive any commissions or incentives to promote/use 3rd party providers. These costs are simply reimbursement costsfor Health and Life.
We are not lawyers, only discussing commercial matters. Any advice provided is commercial advice, any
legal advice we will recommend an independent law firm who has prepared these documents. All services will be provided during normal working business hours. Allow 2-3 working days for the completion of each task.
8
WE GOT YOU
PROVIDER
(DOCTOR) PAY
(BOOKKEEPING)
from $270.00per week
per entity
per entity
For Practices who want to Outsource their bookkeeping for Billings Trust Accounts and Preparing DPC Tax Invoices. For Practices with more than 15 practitioners, please note you will need to request a separate quote.
Includes all of 7. Annual Licensing Fees & 3rd Party Costs
Reconciling Billings Trust Bank Transactions
Processing and Recording Doctors Pays in DPC & Xero - does not include physically paying them
Audit Trail Compliant Medicare, Payroll Tax, Fair Work (sham- contractor) and Tax Office,
DPC App Query Tool
Tax Invoice History BAS Extract History Annual Income Tax Extract History Service Agreement History Communications History
Tax Invoice History BAS Extract History Annual Income Tax Extract History Service Agreement History Communications History
If package 9 is selected, no additional charges apply
9
PRACTICE PROTECTION PACK
(TEMPLATES AND PRACTICE HEALTH CHECK)
(12 MONTH NON-REFUNDABLE CONTRACT)
All from $375.00per month
Legally Prepared Up to Date Service Agreements
12 months user license free template Service Agreements
Legally Prepared Up to Date Employment Kits
12 months user license free template Employment Kits
Legally Prepared Red Book friendly Pathology Lease Template
12 months user license free (excluding national pathology rent benchmarking data sets, pathology tendering and valuation)
Practice Health Check: - Strategic practice management advice (Verbal - 10 hours per month with the CEO) - Annual Board Governance, Recruitment, Retention, and Succession Planning Review
(Verbal - 2 hours per annum with The CEO) - Free Practice Entity Statutory Audit Shield Insurance - Free Weekly Employment Satisfaction Survey
(based on 120 randomised clinically evidence-based guideline questions)
Standard hourly rates apply for preparation time
PLUS Complimentary Verbal Non-Legal Advice & Mentoring
(2 hours per month - non-cumulative)
For Practices with more than 15 employees and/or Practitioners, please note you will need to request a separate quote.
12 months user license free template Service Agreements
Legally Prepared Up to Date Employment Kits
12 months user license free template Employment Kits
Legally Prepared Red Book friendly Pathology Lease Template
12 months user license free (excluding national pathology rent benchmarking data sets, pathology tendering and valuation)
Practice Health Check: - Strategic practice management advice (Verbal - 10 hours per month with the CEO) - Annual Board Governance, Recruitment, Retention, and Succession Planning Review
(Verbal - 2 hours per annum with The CEO) - Free Practice Entity Statutory Audit Shield Insurance - Free Weekly Employment Satisfaction Survey
(based on 120 randomised clinically evidence-based guideline questions)
Standard hourly rates apply for preparation time
PLUS Complimentary Verbal Non-Legal Advice & Mentoring
(2 hours per month - non-cumulative)
For Practices with more than 15 employees and/or Practitioners, please note you will need to request a separate quote.
Legally Prepared Up to Date Service Agreements
Legally Prepared Up to Date Employment Kits
Legally prepared Red Book friendly Pathology Lease Template
Practice Health Check
PLUS Complimentary Verbal Non-Legal Advice & Mentoring
Additional talk time can be purchased
All prices advertised above are exclusive of GST
We are not lawyers, only discussing commercial matters. Any advice provided is commercial advice, any
legal advice we will recommend an independent law firm who has prepared these documents.
If this package is not purchased, due to professional indemnity insurance reasons, a 30% higher consulting rate applies to the quoted figure above.
10
CLINICAL MENTORING Collaborative (Clinical) Peer Review (CPR) Tool
Complimentary$0.00per month
The CPR Tool is a virtual centralised
international healthcare standard and ethics cloud tool to improve patient outcomes and reduce preventable errors.
We do this by globally centralising healthcare standards and ethics that you can understand and trust.
Improving commonly agreed patient healthcare outcomes
24/7 online access to peer review clinical issues
Collation of the latest peer-reviewed guidelines
This is a trial version for the collation of timely and relevant international commonly agreed peer-reviewed healthcare and ethical standards. No responsibility is taken for the accuracy of this information
Health and Life pro bono are establishing an What does this include? independent not for profit
By 2030, one person at a time, we aim to improve your health and reduce preventable healthcare errors.
We do this by globally centralising healthcare standards and ethics that you can understand and trust.
Target 192 signatory countries
Personal Financial Needs & Specialist Services
For Your Personal Financial Needs
and Specialist Services
11
My Prosperity
My Prosperity Cloud Subscription
from $30.00per user
per month
per month
Standard hourly rates apply for set-up time.
All prices advertised above are exclusive of GST
Personal Financial Planning Tool For:
Wills
Investments
Insurance
Loans & Savings Calculator
Valuations - Car & Home
Real Time Personal Income & Expenditure Tracking
Real Time Cash Flow Management
12
As Needed
Anything not covered in your package
A fixed fee or our pre-agreed standard hourly rates apply
For those who wish to outsource all COMPLEX & IRREGULAR bookkeeping tasks. This package also includes several templates the Practice may wish to use and annual compliance. Excludes non- bookkeeping advice. See package 9 for more information.
Special Projects
Set Up, Restructuring and Succession Planning:
Optimum legal and tax structures e.g Trusts Deeds, Company Constitutions and Partnership Agreements
Template Practice Agreements e.g. Service - Loans & Savings Calculator Agreements, Employment Kits, and Buy - Sell
GST Compliant Chart of Accounts
Recruitment and Retention:
Service Agreements (Contractors) - payroll tax reviewed
Doctors Pay Calculator Software Program
Performance:
Doctors Pay Calculator (bookkeeping only)
Patient Satisfaction and Practice Culture
Fair Remuneration Assessments
Advice and Negotiations
Key Performance Indicators
The Good Bad and Ugly Report (GBU)
Valuations - Practice and Pathology Market Rent assessments
Optimal Clinical Service Model
Optimal Business Model
Annual Tax Accounting
Financial Statements and Tax Returns
Annual Corporate Secretarial ASIC minutes, Registers
Remediation
