Furthermore, we have the Dental CPA to provide customized solutions tailored to your dental office’s individual needs and goals. All you need to do is record the activity in your bank accounts and credit cards. We may also complete minor recategorization of your transactions to the appropriate category within your books. Dental Accounting includes payroll services https://www.bookstime.com/ for organizations overwhelmed with tax filing, reporting, and payroll processing. They provide outsourced payroll solutions that fit the dental practice’s needs. The most common payroll processing services in dental accounting include the 1099s preparations, personalized payroll reports, direct deposits, unemployment claims, and W-2s and W-3s preparation.
We are onboarding clients through out the year (even during tax season). You will need to e-sign an engagement prior to us working, but we can part ways at any time. If there is unbilled project work that has been complete, we will invoice you the remainder of the fee. Likewise, if there is a credit on your account, we will refund you the fee. Stays connected to QuickBooks Online to calculate practice overhead percentages as your dental practice bookkeeping is updated.
Tax Projections & Planning
If you are new to QuickBooks Online, we can have one of our QuickBooks Certified team members assist you in setting up a dental-specific chart of accounts and establishing initial account balances. Sorge CPA’s advisors provide our clients with a complete spectrum of audit, compliance and advisory services that give them the meaningful information they need to make better business decisions. Dental practice accounting services can help practices manage their finances more effectively, reducing costs, such as dental supplies, and increasing profitability. Contact our dental accounting firm today to learn more about how we can help your practice achieve financial success and stability. Dental practice accounting firms can help practices comply with all applicable tax laws and regulations, reducing the risk of penalties and fines. We offer tax planning and preparation services to help practices minimize their tax liability and comply with all applicable tax laws and regulations.
Align your dental practice with your financial targets by conducting a dental practice benchmarking. A dental accounting firm uses benchmarking data to highlight areas that require adjustments for the proper function of the business. Dental practice benchmarking service may include strategic dental bookkeeping business planning, office operations assessment, and merger assistance. Besides, a firm with more than one dentist can use benchmarking data to determine the revenue share of each partner. By outsourcing their accounting services, dental practices can reduce stress and free up time.
DENTAL BOOKKEEPING
It’s important to understand how your financial data reflects what is going on in your practice. We teach you step-by-step how to calculate and compare your practice overhead percentages against the average of other practices. Century Medical and Dental Center is an accredited healthcare facility in NY that operates in accordance with Article 28, a public health law.
As seasoned financial professionals, our team at Sorge CPA has years of experience managing financial statements, as well as helping dentists understand more about their money, taxes, and cash flow. We have developed ways for business owners to take charge of their financial management using comprehensive accounting to not only reach their goals but also to help them make well-informed business decisions. Sorge CPA also offers our expertise on accounting software technology that is best fit for the dental industry. Choosing the right accounting software for your dental practice can reduce the chance of error that bookkeepers commonly face and automate many of your day-to-day bookkeeping services. We currently work with over 150 dental practices for annual tax & monthly bookkeeping services.
dental accounting
We leave the ingenuity to you, and you can leave the taxes, accounting and advising to us. Know your worth and the value of your practice, plan for retirement and manage the diversification of your investments, real estate and practice. If you are interested in buying into, purchasing or selling a practice, Aprio can help you navigate the decision-making process with confidence.
This service will establish a starting point for you to generate meaningful financial reports. You can keep your software because dental accounting firms work with most of the dental software available. However, most recommend QuickBooks online for its ease-to-use or set-up provisions. Dental practice accounting firms can help practices understand the value of their business and guide them through decisions about their future such as practice acquisitions or practice sales. Benefit from our deep industry expertise and comprehensive advisory services across accounting, tax, practice transitions and wealth management.