Articles

Retirement Planning for Dental Practices: Strategies and Options

Retirement might be a long way off for you or your team. But that doesn’t mean it shouldn’t be a priority. Proper planning now serves the immediate interests of attracting and retaining great staff. When you prove you care about their long-term financial prosperity, they’re more invested in more ways than one. Today, we’re exploring the topic of retirement planning for dental practices – what it involves, how it’s unique, and which strategies and options make the most sense for this specific industry. Retirement Planning for Regular Businesses Retirement benefits

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Payroll and Employee Benefits for Dental Practices

There’s no contesting the fact that dentistry is a career of passion. Ask almost any doctor or hygienist, and they’ll tell you they do what they do because they love it, not for money. Yet at the end of the day, everyone has bills to pay. Timely remuneration and reliable employment benefits remain essential to job satisfaction. In this article, we delve into the fundamentals of payroll and employee benefits for dental practices so you can set up a strong, compliant system that keeps staff happy. Payroll and Employee Benefits

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Optimizing Accounts Receivable for Dental Practices

Money makes the world go round in a metaphorical sense. For businesses, it’s literally what keeps the lights on and doors open. Dentists appreciate this more than most given their lofty operational costs. With expensive equipment, a team of specialized staff, and countless other expenses to pay, there’s no waiting around for payments. Luckily, the collections process can be streamlined in several ways – you just need some expertise and strategy. Today, we’ll discuss how in our guide to optimizing accounts receivable for dental practices.  What is ‘Accounts Receivable?’ Accounts

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Implementing Internal Controls in Dental Practice Accounting

‘Checks and balances’ has multiple meanings in the context of accounting. You’ve got the literal kind – i.e., paper slips used to issue payments and forms recording financial transactions – and likewise intangible ones that exist to mitigate risk. Today, we’re talking about the latter. Implementing Internal Controls in Dental Practice Accounting is a difficult but ultimately pivotal task every clinic must make a priority when handling financial matters. Keep reading to learn more about the what, why, and how of doing it right. Why Accounting Necessitates Controls While accounting

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Accounting Outsourcing for Dental Practices: Benefits and Best Practices

Kind of like tooth brushing, accounting is one of those things in life everyone has to do. Only in this case, it can be delegated. The responsibility for maintaining your practice’s financial health doesn’t have to rest solely on your shoulders. For many dental practice owners, outsourcing accounting functions has become a strategic decision that allows them to focus on patient care while ensuring their business operations remain efficient and compliant. This article explores the key considerations and best practices for dental practices looking to outsource their accounting needs –

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