Running a dental practice at full speed is no easy feat. There are many responsibilities that come with effective practice management, but making sure your finances are in order is at the top of the list. That’s where dental bookkeeping comes in. Implementing solid bookkeeping procedures that work is essential to the success of your practice. It ensures that your business is profitable and ready to tackle any financial challenges that come your way. What is the meaning behind dental bookkeeping? One of the key aspects of dental bookkeeping is the consistent recording of patient information. Th ..read more

Let’s talk about something we all need to deal with – managing our finances. Specifically, the world of dental EFTs (Electronic Funds Transfers) and how efficient bookkeeping processes can make our lives way easier. This is where having the support of Deposit/ Electronic Funds Transfer Reconciliation can give your practice peace of mind knowing where their money is- all while saving them the valuable time from having to do it themselves. Who has that much time after patient care anyway, right? What is a dental EFT? So, what exactly is a dental EFT? Think of it as a fancy way of saying “digital ..read more

In the high-speed universe of dentistry, a well-oiled practice management system is the secret formula to a flourishing dental practice. It’s more than just keeping your files in order – the right management setup can supercharge patient care, make your team more productive, and turbocharge the overall performance of your practice. So let’s dive into why you should give your practice management a serious thought and what it can do for your dental practice.   Slicing Through Administrative Work Good practice management is like a hot knife through butter for administrative tasks like s ..read more

I’m so excited to share my experiences and insights with you from my time on the eAssist Dental Accounting and Bookkeeping platform. A healthy smile is a beautiful smile, and a well-managed dental practice is a successful one. But what exactly does that success entail? And how do you know your practice is thriving? Let’s get an insider look into the business of dentistry and learn “the honest tooth” about dental accounting and bookkeeping. My dental accounting nightmare When I first entered the business side of the dental industry, I was met with a whirlwind of explosive numbers, charts, and c ..read more

Is your office manager constantly Googling “Dental accountants near me” come tax time or at the end of every quarter? Dental office accounting has the unique problem of being specific to dentists, so why hire an ordinary bookkeeper when you can partner with the nation’s leading dental billing platform suite at eAssist Dental Solutions? We know these types of business decisions don’t come easily and require a careful look into strategic planning and ROI. Read on to learn more about how to best track, manage, and implement a winning financial plan for your practice by partnering with dental acco ..read more

Modern dentistry goes way beyond patient care. The spectrum of duties has expanded to include employee relations, insurance billing, patient billing, insurance verification, scheduling and production goals, revenue cycle management- the list could go on and on. When the last patient leaves and the day starts to wind down, office staff transition from employee to business owner. Now here is where the vicious cycle begins! A growing list of obstacles can cause payments to be missed. It starts when vendor and lab bills continue to pile up. It ends when insurance claims don’t get paid. On an almos ..read more

As tax season approaches, will your practice be prepared for the possibility that money is falling through the cracks? The ever-present threat of inadvertent embezzlement and lack of expertise on accounting topics can be disastrous for your practice’s livelihood. Check out our comprehensive FAQ for the answers to your most burning questions about potentially illegal dental billing practices and how to avoid the most expensive dental accounting mistakes. Question: What are illegal dental billing practices? Answer: Most potentially illegal billing practices aren’t intentionally criminal. They ca ..read more

Expenses can be some of the most daunting necessities we face as business owners. Profit and expenses go hand in hand, sometimes not for the better. It takes skilled management of both time and finances in order to profit from your business, and if you’re running a dental practice, this is all the more important. Figuring out where your largest expenses lie is just the first step in lowering costs. You must also gauge how close you are to an average as well as understand the necessity of raising costs for a period of time in certain cases. No one wants to fall behind on consumables just becaus ..read more