Ask most dental practice managers, and chances are they’ll tell you that they’d like to see their practice grow. With growth, however, comes a number of different challenges, chief among them being space. A practice that starts off in a tiny location may inevitably outgrow...
When it comes to forecasting the future, no dental accountant has a crystal ball in front of them. That said, being able to get a sense of how cash flow and other financial elements may look in the months or years ahead is an exceptional...
One of the scariest thoughts that dental accountants have is chasing away potential patients due to raising practice fees. It’s an understandable concern, especially when you consider the fact that many people attempt to cut costs whenever possible. The fact is, however, raising fees can...
It’s no secret that dental accountants sometimes wear many hats. While some handle only the financial side of the business, others find themselves operating as veritable practice managers in many cases, handling certain day-to-day operations that help push the practice in a forward direction. Often...
It’s no secret that technology is advancing at a rate never before seen in the past, which is a trend that’s likely to continue into the foreseeable future. This is especially true of technology in the medical field and in dentistry, where new forms of...
What is time? If you ask many people, they’ll tell you it’s the chronological equivalent of money. The whole “time is money” thing may seem overplayed, but there’s actually quite a bit of truth to the classic adage. Accounting can be a tedious, time-consuming process,...
There’s absolutely no reason why a dental practice cannot handle its accounting in-house. In many cases, taking care of the accounting process internally is an excellent way to save both time and money, not to mention the stress of having to wonder if the person...
There’s no getting around the fact that dental accounting often comes along with a number of challenges. Some practice managers who are tasked with the finer points of accounting believe they’ve hit a stride and can end up stuck in their ways, while others flounder...
2017 may be halfway over, but that doesn’t mean this year hasn’t brought to the forefront a number of trends in the dental accounting world. While some trends tend to disappear just as quickly as they pop up, others stick around and stand the test...
For various reasons, dental practice managers may decide that the best course of action when it comes to streamlining bookkeeping practices is outsourcing to an experienced certified public accountant (CPA). There are countless benefits that can come along with this decision, such as getting expert...