Veterinary Accounting Built for Growing Practices
Most veterinary accounting firms treat your clinic like any other small business. We are a veterinary accounting team that partners with CPAs, and one your practice can actually plan with: cleaner books, lower tax, and numbers you can use to grow appointments and care revenue.
Tax and bookkeeping problems veterinarians run into every year.
Between associate agreements, lab and supply costs, equipment financing, and a Veterinary Professional Corporation, veterinary practice accounting has its own rules. If you have been searching for a CPA veterinary practice, these are usually the reasons why.
We'll help you avoid the challenges of:
- ×Mixed Personal and Practice Books: Personal spending running through the clinic account and clouding your real profitability
- ×Missed Veterinary Deductions: Imaging equipment, CE courses, lab fees, pharmacy inventory, and financing interest left on the table
- ×Associate and Technician Pay Confusion: Associate percentages, technician wages, and contractor versus employee risk handled incorrectly
- ×Payroll and HST Surprises: Staff payroll, source deductions, and the partly exempt HST treatment of veterinary services
- ×Corporate Structure Left Unplanned: A Veterinary Professional Corporation with no salary versus dividend plan and no passive income strategy
Veterinary accounting services for every stage of your practice.
Whether you are an associate veterinarian, a first-time clinic owner, or running multiple locations, our accounting for veterinary practices covers the books, the tax, and the strategy in one place.
We will help you with:
- ✓Veterinary Practice Accounting and Bookkeeping: Monthly books reconciled to your practice management software and merchant deposits
- ✓Tax Accountant for Veterinarians: Personal T1, corporate T2, and year-round planning so nothing is a March surprise
- ✓Associate and Team Compensation: Clean associate, technician, and staff payroll structures that hold up to CRA review
- ✓Veterinary Professional Corporation Planning: Incorporation, salary versus dividend mix, and passive investment strategy
- ✓Practice Purchase and Expansion Support: Cash flow models, financing packages, and buy-in or buy-out numbers
"A veterinary clinic is a business with a care schedule attached. Once the numbers are clean, the growth decisions get a lot easier."
How we compare with other veterinary accounting firms.
There are plenty of accountants to choose from. Here is what changes when you work with veterinary accounting specialists.
Veterinary accounting specialists who know appointment revenue, lab ratios, overhead benchmarks, and Veterinary Professional Corporations.
- ✓Accounting services for veterinary practices, associates, and multi-site owners
- ✓Incorporation, income splitting, and passive income planning
- ✓Monthly veterinary accounting with overhead and production benchmarks
- ✓One team for bookkeeping, payroll, tax filing, and advisory
Generalists who file your return but never look at how the clinic actually performs.
- ×No benchmark for veterinary overhead, lab, or pharmacy costs
- ×Corporate structure left untouched year after year
- ×Bookkeeping never reconciled to practice management reports
- ×Contact once a year, at filing time only
What businesses say about MyBookly.
Questions veterinarians ask us most.
Do you only work with veterinarians nearby?
No. If you are searching for a veterinary accountant near me or a CPA veterinary practice, we work with clinics across Canada remotely, with the same monthly reporting and planning cadence.
Should I incorporate my veterinary practice?
Most veterinarians benefit from a Veterinary Professional Corporation once earnings comfortably exceed personal spending needs. We model salary, dividends, and retained earnings before you decide.
Can you take over my existing bookkeeping?
Yes. We clean up prior periods, rebuild your chart of accounts for accounting for veterinary practices, and then run it monthly going forward.
Do you handle my personal taxes too?
Yes. As your tax accountant for veterinarians we handle corporate T2, personal T1, and family planning together so the whole picture is optimized.
Which software do you work with?
We are a QuickBooks Online first team and reconcile against common practice management and payment platforms used in veterinary clinics.
Talk to a veterinary accountant about your practice.
Tell us a few details about your practice and we'll be in touch within one business day.
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