Year-end package: what each column means
A bookkeeping and tax deliverable, described from what the vendor publishes about it.
Every winter a practice owner opens a set of year-end documents from whoever keeps her books, and reads them looking for an answer they do not contain. This page is about telling those two things apart: what the package is genuinely for, and the question it was never built to settle.
Heard publishes what its service produces. Their pages describe recorded and categorized transactions, monthly financial reports, a profit and loss statement and a balance sheet on demand, an owner-allocation guide across taxes, savings and pay, quarterly tax estimates, and business and personal returns prepared and filed. That list is the shape of the package, and the table below is that list with the source under each row.
What follows is about document TYPES. A profit and loss statement prepared perfectly still carries no clinician's name on any row, because a profit and loss statement is organized by account. That is the format doing its job, not anyone doing theirs poorly.
- Heard's pricing page, checked 2026-08-15
- Heard's home page, checked 2026-08-15
- Heard's how-it-works page, checked 2026-08-15
- Heard's tax-services page, checked 2026-08-15
What their pages say is in it
The year-end set
One row per document their public pages describe. A row marked Not confirmed is one this page holds no public statement about, and it is left alone rather than described.
| Document | What it holds |
|---|---|
Profit and loss statement | Decides the moneyWhat came in and what went out across the whole practice for the period, grouped by account. Their home page names it as available on demand and their pricing page describes professional profit and loss statements. This is the document most owners mean when they say the year-end numbers. |
Balance sheet | What the practice owns and owes at a point in time. Their home page names it alongside the profit and loss statement, available on demand. |
Owner-allocation guide | Decides the moneyTheir home page describes an owner-allocation guide across taxes, savings and pay, and their tax page describes a profit allocation guide showing how much to save for taxes each month. It divides money that has already arrived. |
Monthly financial reports | Their how-it-works page describes recording and categorizing business transactions and generating financial reports each month. The year-end statements are the closed version of the same books. |
Quarterly tax estimates | Their pricing and tax pages describe quarterly tax estimates and payment guidance. These are estimates for the owner to pay against, not a year-end statement. |
Business income tax return | Their tax page describes business annual federal and state returns prepared and filed, and shows Form 1120-S. Their pricing page places business return filing on the Premium plan. |
Personal income tax return | Their tax page describes personal annual federal and state returns prepared and filed. Their pricing page places personal return filing on the Essential plan and above. |
General ledger or transaction detail | Not confirmedThis one is not confirmed. Their public pages describe categorized transactions and an export to share with an accountant without naming a ledger or a transaction-detail document, so nothing here claims one is included. |
Payroll year-end documents | Not confirmedThis one is not confirmed. Payroll is a paid add-on on their Premium plan and their pages describe payroll tax withholding and filings, but what lands in the owner's hands at year end is not published. |
Per-clinician revenue or profitability report | Not confirmedThis one is not confirmed, and it is worth listing rather than leaving off: their published pages do not describe a per-clinician or per-provider breakdown in any of the documents above. That is an absence in what they publish, not a measurement of what their software does. |
Which columns decide practice economics
Two documents in the set carry the practice's money. The profit and loss statement says what came in and what went out across the whole practice for the period. The owner-allocation guide divides what came in between taxes, savings and pay. Neither one attaches a dollar to a person, which is what the last section is about.
What this file cannot tell you
What we do not know
- Whether these arrive as one bundled year-end package or as separate downloads pulled from the account is not stated on their public pages.
- The file formats are not published. Their home page says everything can be exported to share with an accountant, without naming what comes out.
- Whether a general ledger, a trial balance, or transaction-level detail travels with the statements is not stated. Bookkeeping deliverables commonly carry one, and this page is not going to assume that this one does.
- Whether the profit and loss statement can be cut by clinician, by location, or by service line is not described on any of their public pages we could find.
- What the payroll add-on produces at year end, including whether W-2 and 1099 copies arrive alongside the statements, is not published.
- The month-to-month price of every plan. Their pricing page says annual billing saves 15 percent and publishes only the annual-billed figures.
What will bite you
- A profit and loss statement is organized by account, not by person. Rent, payroll, software and merchant fees each get a line; a clinician does not get one. This is the format working as designed, and it is why a per-clinician answer cannot be read off the face of one.
- An owner-allocation guide answers a share-of-cash question: of what arrived, how much should go to taxes, to savings, and to you. That is a different question from whether the practice can sustain that pay once every seat carries its own loaded cost.
- Employer payroll taxes and the overhead the practice pays whether or not anyone shows up both sit in practice-level expense lines. Splitting those back out per seat is the step that turns a bookkeeping deliverable into a per-clinician answer, and it is not a step a bookkeeping deliverable performs.
- Tax-ready is not the same as decision-ready. Books closed for filing are correct for the question the IRS asks. Which clinician pays for themselves is a different question asked of the same dollars, and the package can be flawless and still be silent on it.
Find out what yours does and does not answer
The fastest way to settle this is not to read about it. Take the package you were already sent, and put it beside a per-clinician read of the same year. The second-opinion page does that from your own files, in your browser, with client data stripped before any figure renders. If it turns out your package already answers the per-clinician question, you have lost ten minutes and gained a fact about your own books.
What Heard costs against Keystone, price by price
All the export files we have written up · Last checked 2026-08-15
Cite this page
Link to this page and attribute it to Keystone Practice:
Keystone Practice. "What Is in Your Heard Year-End Package, and What It Does Not Tell You" https://keystonepractice.co/formats/heard-year-end-package