The Benefits of Time Tracking for Dental Accountants
There’s a popular opinion in the business world that, as long as the job gets done appropriately, it doesn’t matter how much or little time it takes to complete. This is no doubt an interesting sentiment, and one that has been popularized by modern, forward-thinking companies looking to add millennials to their workforce. The reality, however, is that there’s only so much time in the day, and keeping close tabs on how it’s being spent is one of the most important things that any professional can do—especially dental accountants.
Fortunately, there are a number of great time tracking applications available both for free and as paid subscriptions, all of which can help to improve your day-to-day operations. Here are just a few of the benefits dental accountants can expect to enjoy from tracking time, all of which are worth focusing on.
Management of Payroll
For dental accountants who also handle the payroll side of things, any steps that can make the process easier should be taken when possible. One of the great things about time tracking software is that most applications not only track employee time, but also create timesheets that can be used to manage payroll directly. If you’ve had issues in your practice with employees not always receiving the right amount of pay for what the hours they’ve worked, time tracking software may be the answer you’re looking for.
When it comes to ways for HR directors to tighten their ship, most focus on “boosting productivity” as a means to their preferred end. More often than not, however, they don’t know how to actually take productivity to the next level. One way to do so is to help people gain a better sense of how they’re actually spending their time. With time tracking software, employees can have a more direct interaction with how hours get utilized, allowing them to create better practices that will lead to less wasted time throughout the day. More often than not, all it takes is a single look at how time is currently being used for improvements to be seen.
More Accurate Billing
Billing can be one of the biggest points of confusion and headaches for those who run small to moderate-sized dental practices. If accuracy falls off, the problem may extend into the realm of reputation management. No one wants to lose patients due to poor billing practices, which is exactly where time tracking comes in. By accurately tracking the amount of time each employee spends handling specific tasks, you can ensure that bills that get sent out are rock-solid and do not contain any glaring inaccuracies. It may not seem like a big deal for those who rarely deal with these issues in the first place, but others will see this as the most lucrative feature to time-tracking.
With so many different types of time tracking software available, there’s truly a solution out there for every type of dental practice. Integrate time tracking into your workflow, and watch as the benefits begin to show themselves.