Our unique specialty allows us reconcile your financial books with your dental managed software. This is key in helping you maximize your productivity and avoid expensive mistakes. The most important thing we can do as a dental bookkeeping business is to organize and prepare your financial information for your tax return each year. Without the help of professionals, this can be a daunting task.
For example, maximizing your Qualified Business Income Deduction (QBI) is critical since most dentists are considered specified service businesses. Let us provide you with an array of options to plan properly and save money in taxes each year. In order to plan efficiently, it’s critical for your accountant to review and understand your entire financial picture. For most small businesses, your business income directly ties into your personal tax return. Understanding flow-through income and planning for your personal tax obligations is critical for healthcare professionals. According to the American Dental Association (ADA), dental fraud relates to crimes where individuals receive insurance money for filing a false claim, inflating a claim or billing for services not rendered.
At Sigma, we provide financial reporting that makes your dental business run smoother. We offer a wide range of bookkeeping services to dentists and dental practitioners that offer new opportunities to improve their practice. Our in-depth knowledge about the dental business and years of experience in dental bookkeeping allows us to develop unique accounting and bookkeeping solutions, especially for dentists. We are here to take care of all the time-consuming bookkeeping work for you. We aim to provide you with the best services at pocket-friendly rates so that you do not have to worry about the hassle of bookkeeping. Schedule a free dental bookkeeping consultation today and learn how we can help you fulfill your practice’s bookkeeping needs.
QuickBooks uses a full chart of accounts with assets, liabilities, ad equity accounts in addition to income and expense accounts. Whether intential or not, fraud is a real problem in the dental industry. Without safeguards in place, you could be putting your practice at risk. We check and balance Day Sheets on a timely basis to help guard against any fraud or mishandling. It aids in the streamlining of your dental accounting operations while also contributing to the happiness of your patients.
You’ll finally know how to read and use your financial reports to run your practice more like a business. Healthcare is a growing industry and Dental Practices form a core of that. No matter the field of business you are in, the challenges and competition are at an ever-high. With the changing dynamics of the market, it is important to have a clear strategy for your business management, accounting advisory and bookkeeping schedule. If you do Dental Practices, and are looking for ways to organize your accounting and bookkeeping practices, then you have come to the right place.
Let’s talk to discuss what kind of accounting packages we can offer your dental practice. To keep the process clear, we have finance professionals on the team who generate monthly reports showing each collection and expense made into and out of your account. We are a technologically advanced organization that offers cloud accounting for dentists through internet solutions such as Hubdoc, Dental Online, QuickBooks Online, and others.
This means keeping an eye on metrics like past-due invoicing, collections, insurance reimbursement, expenses and operating cash flow. Practices that generate and track cash reports on a daily basis can prepare for the future as they notice any fluctuations. We work diligently to become a reliable partner by offering a team of skilled accountants that reflects the unique needs of your dental practice. Our friendly staff works well with the varied personalities and communication styles of dental businesses throughout the industry. Our certified bookkeepers only work in the dental field.
Keeping current and accurate financial statements should be a top priority for dental practices. Having concise financial data allows dental professionals to make critical business decisions at a moment’s notice. At Casey Moss Tax, we provide a tailored experience to dentists and oral healthcare practices, helping you minimize your tax obligations and improve your bottom line every year.
In addition to internal data, dental practices need to provide financial reporting that complies with federal and state regulations. Dentists will need to ensure they maintain proper documentation, recording and reporting for audits. The cost of our dental accounting and bookkeeping service varies by business, but it starts at $299 per month and goes up to $399 per month.
How to make your dental practice more attractive to potential buyers.
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We’re working to improve access to oral health care, quality of life, and the impact of preventive interventions. Sorge CPA’s advisors provide our clients with a complete spectrum of audit, compliance and advisory services that give them the meaningful dental bookkeeping information they need to make better business decisions. Let our firm take the wheel and guide you through tax preparation and tax planning for your practice as well, helping you mitigate your tax liability and focus on running your business.
Let us guide you through your requirements so you can focus on running your business. According to Oversight, spend risk tripled from 2019 to 2020, with fraud activity increasing by 57% from Q2 to Q3 in 2020 alone. Although dentists want to assume the best intentions of their employees, having an accurate and detailed expense management program can reduce unnecessary spending. With a partner like Synergize Dental, dentists can rest assured that any expenses are used to fuel the growth of the practice.
We will schedule a free initial dental bookkeeping consultation to get to know your dental practice’s accounting and bookkeeping needs. Based on that initial consultation, we then implement the tools, services, and advice necessary to make effective financial decisions. We organize your dental practice books to help you manage cash flow, oversee accounting tasks, and tax compliance documentation. We make suggestions on how to implement changes that will simplify and streamline accounting procedures. At DrillDown Solution, we provide dental practices with accurate and effective accounting services to help you make real-time decisions that accelerate growth.
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