How Heard works

Every therapist who joins Heard is supported by a team of bookkeeping and tax professionals who specialize in working with therapists. Here's how it works.

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Bookkeeping

We handle your monthly bookkeeping and provides easy-to-understand financial reports so you can get a full picture of the money coming in and out of your practice.
Record and categorize business transactions
Identify tax-deductible expenses
Generate financial reports
Connect business bank accounts and credit cards
Occasionally clarify transactions
Upload business bank statements (if needed)
Learn more about bookkeeping
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Taxes

We provide personalized quarterly tax estimates, plus prepare and file your business and personal annual federal and state tax returns—even if you file jointly with your spouse.
Prepare and file business tax returns
Prepare and file personal tax returns
Provide quarterly tax estimates
Pay quarterly and annual taxes
Confirm important details for annual tax filing
Approve annual tax returns
Learn more about taxes

Payroll

Pay yourself (and your team) and maintain compliance with Heard Payroll, our streamlined payroll solution.
Set up payroll so you can stay compliant
Take care of payroll tax withholding and filings
Pay yourself and your employees with ease
Log hours
Set pay amounts
Run payroll
Learn more about payroll
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S Corp

We tell you when it’s the right time to elect to be taxed as an S corporation with the IRS and help you stay compliant.
Provide personalized S corp readiness report
Handle S corp election paperwork
Determine reasonable salary
Make decision about S corp election
Review reasonable salary
Review benefits
Learn more about S corp

Getting started is easy...

Book a free consult

We learn about you

We start with a free consult call to better understand your practice. We only accept therapists if we're confident we can successfully support your accounting and tax needs.

You onboard to Heard

Once you join Heard and connect your bank account(s), you'll schedule your onboarding webinar with a specialist from our team. We'll walk you through the platform and answer any questions you have.

We get your books up-to-date

While it depends on how many months of bookkeeping you need completed, it typically takes our team 2 weeks. We are only able to complete catch up bookkeeping for the current tax year.

See for yourself why thousands of therapists trust Heard

GMS Counseling
5 starsTrustpilot Verified

They take the headache away!

Heard has been great for me as a mental health counselor. They take the pressure off of bookkeeping and provide quarterly tax estimates. I really enjoy the fact they complete annual taxes for you as well. Even if you have another W2 position.

Date of Experience:
March 22, 2024
Customer
5 starsTrustpilot Verified

Heard takes away the annoyance of daily…

Heard takes away the annoyance of daily bookkeeping. They are very responsive to questions and working with Heard has been the best thing for me to do with my solo practice. I'm so grateful for Heard and don't plan on ever leaving them!

Date of Experience:
March 11, 2024
Laurie Brassie
5 starsTrustpilot Verified

Heard is Amazing

Heard has been an amazing service for my practice! I have been a therapist in private practice on and off for 5 years, and used to do my own accounting. It was a mess. I missed deadlines, didn't get all the deductions I deserved, owed thousands in taxes... seriously horrible. Heard makes things really easy, provides a lot of support, and helps me truly understand my finances. I also love that Heard specializes in therapists. Sometimes we have interesting situations that don't apply to other types of businesses, and honestly many of us just need a little extra help with finances and taxes. Heard is great for that! I love not having to worry about my books or my taxes. Absolutely worth the investment!

Date of Experience:
February 23, 2024

Check out our FAQs

See all FAQs

What is Heard?

Heard is the only financial management software built for therapists, with therapists. We empower therapists like you as business owners with easy-to-use financial software and access to bookkeeping and tax professionals—so you can focus on helping your clients.

How does Heard pricing work?

Our pricing is subscription-based, billed either monthly or annually. We offer a 15% discount with annual billing. There are two plan options for Solo Practices (whether you're taxed as a sole proprietor or S corporation) and one plan option for Group Practices. For S corporations or Group Practices, payroll is included for up to one user. It is an additional $6 per employee per month.

There's a required one-time fee of $99/mo for months of catch up bookkeeping needed.



Our pricing plans do not include third-party fees (such as fees and taxes charged by your city, state, or the federal government), Gusto for payroll (available as an add-on), or business license filing fees, which vary by city. With that said, those fees are tax deductible.


Can I cancel any time?

Yes, you can cancel at any time. With that said, all one-time fees and annual subscription fees are non-refundable.

Read our full terms of service.

What's the difference between Heard and a local CPA?

A local CPA is a good option for therapists who are looking for a more personalized experience with regular meetings to review their financials.

With that said, you can expect to pay $500/mo or more working with a local CPA.

What does my bookkeeping team do?

When you first join Heard, your bookkeeping team will complete your catch up bookkeeping for the current tax year. Then moving forward, they will categorize your transactions and reconcile your accounts every month.

They also make any necessary adjustments to your books to ensure they are tax-compliant and account for any outside expenditures, not being run through your business bank accounts.

Your bookkeeping team may need your input on reviewing transactions to ensure proper categorizations. We also may need you to upload your monthly statements so we can reconcile your accounts.

You will be able to message your bookkeeping team to get any questions answered within 1-2 business days. Every question will be answered by a real person. Our aim is to support and educate you throughout the bookkeeping and accounting process.

Who does Heard work and not work with?

We work exclusively with mental health therapy practices, including: psychologists, psychiatrists, social workers, mental health counselors, professional counselors, marriage and family therapists, and psychiatric nurse practitioners.

We are able to support therapists who have other streams of income (e.g. coaching, consulting).

We do not work with non-mental health practices, practices based outside the United States, practices with multiple owners, and practices taxed as C corporations.

Heard is the only financial management software built for therapists that enables you to manage your bookkeeping, taxes, and payroll—all in one place.

Get our Tax Deduction Cheatsheet for Therapists

Use this cheatsheet to maximize your deductions and save money on taxes for your therapy practice.

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