Accounting and Finance for the mind, body, and soul.

At The Body of Accounting, a division of Closing Your Books, our work focuses on the health and wellness industry because, like you, we place a premium on our wellbeing. People need to feel their best in order to perform to their peak potential. Helping customers get to that point is the privilege of the hard-working men and women involved in the field.

You manage your practice, we’ll manage your finances.

BOOKKEEPING

Let The Body of Accounting handle your Accounts Payable, Accounts Receivable, Employee Expense Reports and organize your books in accordance with Generally Accepted Accounting Principles (GAAP).

PAYROLL

Our payroll services utilize the latest technology, meaning onboarding new employees, setting up direct deposits and paying taxes are all handled seamlessly for you, so that you can focus on your patients and clients.

TECHNOLOGY

Not every software is for you. Together we’ll select software programs that efficiently communicate with one another and provide the services and financial reports you need to run your business efficiently.

We Want To Help You Help People!

The Body of Accounting Specializes in the Health & Wellness Industry.

We work with a variety of clientele, including:

family and medical practitioner

Medical Clinics &
Private Practices

Massage Therapy & Spas

Massage Therapy
& Wellness Spas

Behavioral & Mental Health Counseling

Behavioral Health &
Mental Health Practices

We also work with other health and wellness specialists like:
Acupuncturists, CrossFit Gyms, Yoga, Pilates & Dance Studios, Dietitians & Nutritionists, Veterinary Clinics & Pet Groomers

With The Body of Accounting,
Your Accounting & Finances
are in Good Hands.

medical professional

Meet Lozelle

The health and wellness industry has always been an intricate element in Lozelle’s life. She depends on each section of the industry to not only keep her healthy but also to provide balance in her busy life. Each profession holds a special place in her heart, and she is determined to make sure business owners of these professions are financially educated, can handle their finances and are financially healthy to stay in business so they can help others as they have and continue to help her.

WHY YOU SHOULD CHOOSE THE BODY OF ACCOUNTING

We are Health and Wellness Bookkeeping and Accounting Specialists

We work hard to keep you focused on your clients, using your skills and training to keep your patients healthy. You wouldn’t go to a chiropractor for yoga advice, or to a sports pro for information on how to cook; why should you expect to have the skills to manage your books? We can free up your time and keep your books (and your life!) balanced. You can pass off the day-to-day of medical accounting and bookkeeping to someone who is trained and skilled at it, so you can spend more time doing the things that you enjoy doing. We help you make an impact on the world!

Most health and wellness curriculum lack the financial education and financial management element of running a successful health and wellness practice. Our systems will not only give you more free time, but we can help you understand the whys and hows to take control of your business finances. We are here to assist with filling in the financial gaps and providing medical accounting for your health and wellness practice. We deliver far more than numbers, as we interpret and review financial results jargon-free. ​We practice KISS accounting and bookkeeping: we Keep It Sweet and Simple.

Bringing the Tech

With today’s technology, we can do almost anything on your phone. The days of data entry, collecting paper and working with two different systems are over! Workflows, receipt and document management and so much more can be done with a click of a button. Application integration allows you to have real time data in minutes with efficient workflows. We research 3rd party applications that may be best for you. There is a lot of technology out there, together we will choose the right one for your health and wellness business. Utilizing the right technology for your medical accounting will improve efficiency within your practice. It doesn’t matter if you already use a certain program or you need help starting from scratch. We can help!

We Can Help You Learn

We know you’re an educated person! You have spent many years getting to the point you’re at with your health and wellness practice, and we know you would rather be doing what you enjoy and making an impact rather than balancing your books. However, it is important for you to understand the process so you can make educated financial decisions. We believe “The learning is in the doing”, which is why we offer hands-on personalized accounting and bookkeeping educational and coaching sessions using your financial transactions. No sample companies, no accounting jargon, just real examples and real education. Your business is personal so we perform one-on-one sessions, so we can meet you where you are it. I guarantee you know more than you think. We eliminate the accounting jargon and make learning the financial side of your business clear and simple.

The Benefits of a Virtual Health & Wellness Accountant

It makes sense to pay someone else to do something you need help with or aren’t trained in. It doesn’t make sense to hire a full-time employee to keep track of your books if you have a small practice, as many businesses in the health and wellness sphere are. Hiring a virtual bookkeeper and accountant is a cost-effective, time-saving solution that will help you stay organized and focused on the growth of your practice and the service to your clients. You hire a contractor if you need a new roof or your house painted; why are you doing the books for your health and wellness practice yourself? The Body of Accounting is a specialized, virtual medical accountant that can help take care of the financial management of healthcare organizations. Whether you help people or pets, we can help with your books.

Lozelle holds 2 Accounting degrees, an MBA, is a Certified Financial Education Instructor and is currently studying for her CPA. Her mission is to pick up where health and wellness education may have left off on the subject of financial management. She would like her clients to experience the “ah-ha moment” as they begin to understand all the elements of their accounting and bookkeeping cycle and the reality of controlling their business finances.

For Veterinary Practices & Grooming Salons

Animals are such a big part of our lives, not only at home but also for day to day living. They are fantastic when used in behavior and mental health therapy and as service companions. This is why we include Veterinary Accounting as part of our services. We have seen how one animal can affect the lives of many. We want Veterinary and Grooming practices to stay financially healthy, maintain positive cash flow, and remain open for all the animal lovers of the world.

UNDERSTANDING THE BASICS OF ACCOUNTING

BOOKKEEPING: The beginning stage of accounting is bookkeeping, and it is the foundation of accounting. Bookkeeping is the recording of the daily financial transactions in conformity with GAAP, Generally Accepted Accounting Principles.

FINANCIAL STATEMENTS: Your daily financial transactions are the elements of your financial statements. These accounting principles allow for your financial transactions and financial statements to be reliable, relevant and free from errors.

FINANCIAL BUSINESS DECISIONS: Those accurate financial statements will enable you to make financial business decisions based on accurate data.

ACCOUNTING FUNCTIONS: Once the bookkeeping is accurate, you are ready to dive into the accounting functions of your business, and develop a budget, measure the trends, and develop a forecast for the future.

The Body of Accounting will assist you with complex accounting issues such as deferred revenue, accruals, and GAAP-based accounting. These reporting/financial tools may include:

  • Creating an annual budget
  • Producing a weekly, quarterly and yearly forecast
  • Performing quarter and annual analysis
  • Cash Flow Statements
  • Identifying financial trends in your health and wellness practice/studio

Think of these tools as management reports to keep everyone within the organization accountable for the organization’s financial objectives. If you don’t know what those are, don’t worry! We do, and we can handle them for you and teach you about them.

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