How a Professional Bookkeeper Can Help Your Dental Practice
Are you a dentist, or do you run a dental practice? Need bookkeeping help? Send Us A Message to chat about how we can help you.
The job of a bookkeeper for a dentist seems simple, but it is actually quite complicated. Bookkeepers for dentists must know the law, the tax code and medical accounting standards. They handle financial transitions; record purchases, sales and expenses; develop bookkeeping and financial recordkeeping systems; and so much more.
That’s why partnering with an outsourced bookkeeper for dentists can be so beneficial. Hiring a company like BookWerksTM that specializes in dental practices can give dental offices a multitude of advantages.
An Outsourced Bookkeeper Will Make It Easier For Your Dental Practice To Focus on Patients
A professional bookkeeper will help you focus on core competencies by taking over the hassles of financial record-keeping. Instead of wasting time sorting through reports and tracking numbers, you can spend more time on what’s important: enhancing your skills and taking care of your patients.
You Will Know About Cash Flow Issues Before They Become Major Problems
Running a dental office is complicated. Invoices or professional dues may slip through the cracks. Specialists who focus on bookkeeping for dentists keep track of your funds and will alert you to any upcoming cash flow problems. They’ll help you address them so that you can keep operations running smoothly and efficiently.
Tax Season Goes Easier
A bookkeeping company specializing in helping dentists works with your tax consultant to ensure your tax liabilities are provided for, while preventing you from paying more than you owe. The taxes you’ll end up saving will far outweigh the costs of hiring a bookkeeper for your dental practice.
Your bookkeeper will also provide a year-end financial statement to help you plan for next year. You’ll start the year with peace of mind knowing that you already have a plan in place for next year’s business taxes.
You’re Always Ready for An Audit
If you are ever audited, up-to-date records will help you navigate the thorny maze of compliance. A bookkeeping partner that specializes in dental practices can help you keep clean, clear records that are ready to pull at a moment’s notice. No more losing sleep over the potential of being audited — your bookkeeper has you covered.
Securing a Loan and Selling will Be Easier
If you’re looking to expand your practice, having your books in order is essential. Investors and creditors require detailed financial records. A professional dental bookkeeper keeps your documents up-to-date at all times, which simplifies the process of securing funding.
And, if you plan on retiring soon, accurate financial records will make it easier to sell your practice. Your bookkeeping service can help you organize your books so that you can jump on opportunities before they pass you by.
You Have a Better Work-Life Balance
Spending all your time working means missing out on good times with friends and family. A professional dental bookkeeper can free you up to enjoy life outside the office.
Everything Gets Paid on Time
Paying bills on time means no fines or interest fees. A bookkeeper can help ensure bills are paid up to save you money in the long run.
BookWerksTM – Bookkeeping Solutions for Your Dental Practice
If you have a dental practice and know that it’s time to get help with your books so you can focus on running your business, contact the dental bookkeeping pros at BookWerksTM for a free consultation. We’ll be glad to explain how our dental practice bookkeeping specialists can help you save time and money. Our fees are flat, affordable and billed monthly and we can help you, no matter where your practice is located
No contracts. No surprises.
We look forward to hearing from you!
This sentence about COVID grants and loans felt outdated now that we’re five years out from the initial loans, went ahead and removed