Closing the gap between your practice management software information and your accounting software

Is your financial team doing their best to improve your bottom line? Here are some things to look for.

Most dentists understand the importance of internal controls, but do they know the most important first steps?

As a former dental hygienist of 35 years, I have seen many changes in the field of dentistry, especially when it comes to technology.

I can remember after performing tasks the same way for many years feeling hesitant and slightly resistant to change.  I especially remem...

Why is the Statement of Cash Flows (SOCF), which is crucial to evaluating the health of a dental practice, seldom used?  The SOCF is one of the three financial statements the dentist (or any business owner) should be reviewing, but tends to skip over. The other two sta...

Personality red flags of a person that would steal from a dental office.

How does your practice compare to the competition

Unless you generate $5 million or more in revenue, maintain an inventory, and/or are a corporation (not an S corp), you have a choice. You can record your business transactions using the "cash" or the "accrual" method of accounting.  Do you know which is right for your...

Every dentist who opens a practice, does so with the expectation of financial success. So how does he or she get there?  Does it happen by chance?  No, of course not. Most successful dental practices get there with hard work and planning.  Without a plan or road map, a...

Many Fraud Investigators have estimated that 60% of dentists will be victimized by theft sometime while in practice.  Some have even estimated a number as high as 90% experiencing fraud.  With numbers like these, it is no wonder there are so many articles out there wri...