Planning your daily deposit reconciliation Every day happy clients leave your office smiling. Before they step out your door, they swipe their debit or credit card, hand you a wad of cash or work out their insurance details for payment. All those payments in their various forms make their way into your patient management system [...]
Each month you are likely sent an income statement. An income statement shows you your practice’s revenues, costs and expenses over a predetermined period, so in the case of your monthly income statement it’ll show those over a period of one month. The information presented in an income statement is important because it helps […]
The average dentist should be spending between 5.5% to 7% of revenue on supplies. But sometimes we get a little over-excited, buy a few new products and end up blowing the supplies budget out of the water. Good news, we have a few tips to help you keep that budget under control! Assess how much […]
Bookkeeping is one of the many tasks dental clinic owners need to budget for, but that is often easier said than done. When considering bookkeeping services for your clinic the question of how much to pay is important. The truth is, there is no simple answer. Bookkeepers, like many professions, have varied skill sets and […]
Tackle your A/R with proactive planning Accounts receivable (A/R) can be a slippery slope for a dental office, on one hand, you want the value-add to your clients of an assignment office but on the other hand, you don’t want to have thousands of dollars in an A/R balance. A/R balances can occur for […]
As a dentist and business owner, your time is limited. Knowing how to read your profit and loss statement can be confusing. We’ve created a 2-minute video that will give you tips on what to look for to better understand your clinic’s performance.
If you’re looking for ways to increase efficiency consider simplifying your payments process (accounts payable, accounts receivable, tax remittances etc). Check out this blog post to learn how Plooto helped some of our clients eliminate manual payment processes and significantly reduce their costs! Click Here To Read the Blog Post!
Tracking your mileage for business purposes is tedious. It’s easy to forget to track a trip or to misplace your mileage book. When it comes to tax season, you can be left scrambling to get everything in order.So when Mohamed came across MileIQ, he was excited to share it with the team and with all […]
All too often we come across dental practices who haven’t taken the time to create an annual budget – and usually it’s because they didn’t have the time to go through all the details or because they didn’t know where to start. We’ve seen first hand how a well structured budget can help a dental […]