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...
If you’re in charge of your practice’s accounting, you’ve probably spent a bit of time researching ways in which to streamline things and smooth-out processes. Poke around the Internet for information, however, and it won’t be long until you start realizing that much of what...
It’s no secret that running a dental practice comes along with a multitude of different challenges. From hiring the right help to managing hectic schedules and everything in between, it’s often difficult to plan for logistical headaches that inevitably pop up from time to time....
Copayment waiver is when a dentist enters a fee on a claim that includes a copayment that the dentist never intends to collect, which makes the reported fee artificially higher than the dentist's actual fee charged. This causes the dental carrier to cover the patient's...
According to a recent study by the American Dental Association, dentists have reported the following signs that embezzlement was taking place in their offices. Commonly reported behavior of employees who embezzled: Employee was living beyond their means — evident in most of the case studies. ...
Answers from Bent/Erickson QUESTION: When an employee attends a continuing education event (CE), does that time count toward overtime? ANSWER: Yes. Travel time and seminar time are both considered “work” under the Fair Labor Standards Act (FLSA). All hours worked performing normal duties during the week the...
Tracking the numbers in your dental practice can add just one more task to your already overtaxed important things list. A bookkeeper trained in dental practices is the answer to your dilemma. Using the services of a CPA that is busy with the big stuff...
