Many practice owners have no real idea of how well the business is doing until they receive annual figures from the accountant a few months after the year-end. By this time you may be surprised to see that your turnover and, or, profits have fallen gradually over the year.
There should be no year end surprises and we can help you set up a straightforward, on-line accounting system, which will track your income and costs, showing you at any time just how much profit you are making. The system links directly to your bank accounts for quick, accurate updates and reconciliation.
We will also help you better understand your accounts and the many ways they can be used to forecast, track and improve your business.
In addition to tracking turnover, it is important to watch some key figures closely to make sure they don't increase out of line with turnover. Those to watch include associate payments, hygienist fees, lab bills, dental materials and wages. An optional book-keeping service is available, which will take much of this off your hands including a complimentary monthly financial performance report to show how well you are now doing.
At the year-end, reports and summaries are quickly produced for your accountant to check and finalise.
To find out more, visit us at www.yourdentalmanager.co.uk