Private Practice

Bookkeeping for Therapists

The Complete Guide to Bookkeeping for Therapists: Smart Steps to Manage Your Private Practice Finances

Bookkeeping, Private Practice, Psychologists, Therapists / By

Bookkeeping for therapists isn’t just about tracking numbers. It’s about building clarity, confidence, and growth in your private practice. For psychologists and therapists, keeping your finances organized is the foundation for stress-free tax seasons and smarter business decisions. At WellnessFi, we specialize in helping mental health professionals across the U.S. streamline their bookkeeping so they […]

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Financial tips for therapists

Financial Tips for Therapists: 7 Smart Strategies to Build a Profitable Private Practice

Financial Advisory, Private Practice, Psychologists, Therapists / By

As a therapist or psychologist, you dedicate your time to helping others. However, managing your own financial health is just as important. Many wellness professionals graduate without ever learning how to handle business finances, taxes, or cash flow. At WellnessFi, we specialize in helping therapists across the U.S. strengthen their financial foundation. These financial tips

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Private Practice Accounting for Therapists

Private Practice Accounting for Therapists: 5 Reasons You Need a Specialist

Financial Advisory, Private Practice, Psychologists, Therapists / By

Running a successful therapy practice requires more than excellent clinical care. It also requires a clear handle on your business finances. Private practice accounting for therapists involves unique challenges that general accountants may not fully understand. At WellnessFi, we partner exclusively with therapists and psychologists across the U.S., helping them simplify taxes, stay compliant, and

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Best Bookkeeping Software for Therapists

Bookkeeping Software for Therapists: Tools Every Private Practice Needs in 2026

Bookkeeping, Private Practice, Psychologists, Therapists / By

Managing finances as a therapist can feel overwhelming, especially when you’re balancing client sessions, billing, and taxes. The right bookkeeping software for therapists can automate most of these financial tasks, giving you more time to focus on your clients. At WellnessFi, we’ve supported hundreds of mental health professionals across the U.S. in choosing accounting tools

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What makes a memorable private practice name? When your key focus is represented in your name, you're in good shape.

Private Practice Names: Therapy practice name ideas by focus area

Private Practice / By

Once you’ve done the work to identify what makes you and your customers unique (see here for the how-to), the lists below might help get your creative juices moving a bit more. These private practice names are organized by focus area — local, outcome, methodology, or other . Pay attention to local, outcome-based, and methodology-based

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Wave App’s stance on PHI and HIPAA compliance – Protecting client data and running your practice smoothly

Bookkeeping, Compliance, Private Practice / By

When it comes to accounting software, we’ve long recommended Wave for its simplicity, speed, and excellent value. For many business owners with straightforward needs, Wave offers features that rival or exceed QuickBooks at a fraction of the cost. Wave works particularly well if you primarily bill clients for services and your annual business revenue stays

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Home office deductions: Accountable Plans

Compliance, Financial Advisory, Private Practice, Taxes / By

Accountable plans help businesses to optimize their tax footprint, especially for home office deductions. What is an accountable plan? It allows for the reimbursement of legitimate business expenses incurred with personal funds. Think home office setups, mobile phone bills, and even mileage. The key factor? Reimbursements are tax-free for the employee and deductible for the company. 

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Streamlining Finances: Bookkeeper-Friendly Banks for Your Practice

Bookkeeping, Private Practice / By

A new wave of bank accounts caters specifically to businesses like yours, making it easier than ever to stay organized and efficient. If you’re like I was for many years, you may be using the first business bank account you saw in an advertisement, or the bank you’ve used for personal banking. As our businesses

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