Bookkeeping For Dentists

JUNE 23, 2018

What are Dental Expense Benchmarks? Every practice has variations in their expenses such as paying rent or paying mortgage, if you have associates, and how many employees you have. But there is a clever way to group together specific expense accounts from your Profit & Loss report into six bite-size categories. Then you compare those six categories of overhead expenses against national averages of dental practice expenses calculating them as a percentage of income.

Insurance 130

Insurance Dental assistants 130

Bookkeeping For Dentists

JUNE 23, 2018

What are Dental Expense Benchmarks? Every practice has variations in their expenses such as paying rent or paying mortgage, if you have associates, and how many employees you have. But there is a clever way to group together specific expense accounts from your Profit & Loss report into six bite-size categories. Then you measure those six categories against national averages of dental practice expenses using the percentage of income.

Insurance 130

Insurance Dental assistants 130

Bookkeeping For Dentists

JUNE 8, 2018

Thanking your dental practice team with nice gifts and bonuses should be a pleasant and simple process while providing a positive impact in the workplace. But if you want to avoid IRS penalties in an audit, it's important to know that any cash or cash equivalent items provided by you (the employer) and given to an employee must be added to payroll as income with regular payroll taxes taken out.

130

130

Bookkeeping For Dentists

JUNE 8, 2018

Thanking your dental practice team with nice gifts and bonuses should be a pleasant and simple process while providing a positive impact in the workplace. But if you want to avoid IRS penalties in an audit, it's important to know that any cash or cash equivalent items provided by you (the employer) and given to an employee must be added to payroll as income with regular payroll taxes taken out.

130

130

Bookkeeping For Dentists

JUNE 1, 2018

Have you ever noticed when your dental accountant starts talking, its a downright foreign language? Almost alien. They start throwing terms around like Gross Profit, Section 179, Basis, Capital Gains, AMT Tax… and you say “gesundheit.”. I’m guessing you most likely don’t find accounting exciting, and you don’t have the time to understand it. As your dental accountant is going over fees with you, you force a smile and nod in agreement.

130

130

Bookkeeping For Dentists

JUNE 1, 2018

Have you ever noticed when your dental accountant starts talking, its a downright foreign language? Almost alien. They start throwing terms around like Gross Profit, Section 179, Basis, Capital Gains, AMT Tax… and you say “gesundheit.”. I’m guessing you most likely don’t find accounting exciting, and you don’t have the time to understand it. As your dental accountant is going over fees with you, you force a smile and nod in agreement.

130

130