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...