Is This You?

Every month you fall further behind on the bookkeeping. You haven’t reconciled your practice checking account, nor entered all your bills in your new Quickbooks™ software, in three months. You’ve been meaning to use Quickbooks™ to print checks and automatically enter the bills, but you’ve never been trained on doing that. You know your quarterly 941 tax report is due next week, but can’t do it until the other stuff is done. Your spouse has commented you’re stressed out, but you know giving all this to a CPA to do for you would cost you an arm and a leg. You’ve thought of hiring an independent bookkeeper because they cost less than a CPA, but can you trust them to manage this for you? Anyone you know?

The Problem

Knowing how to classify expenditures, setting up accounts properly in Quickbooks™, learning how to differentiate and record a payment for an expense versus a balance sheet account, completing IRS 941 payroll reports – these are not skills you were taught in dental school. Plus, you’ve heard that P&L’s, balance sheets, cash flow reports, and the like are all important to understand your business’ financial health, but even if you could figure out how to print them – who’s going to help you understand what they mean? Who is going to help you understand how you’re doing versus other dental practices in specific areas so you’ll know what you’re doing well and what you’re not?

The Solution

Dental Wealth Partners can handle your bookkeeping turnkey for you, including taking over your payroll and your payroll tax reporting and payments. Or, they can simply teach you how to use Quickbooks™, help you set up your chart of accounts, and then provide the analysis so you can routinely understand how the practice is doing and where it can improve. DWP Benchmarking^SM allows you to see how you’re doing in each major expense category and overall versus other similar sized dental practices. And DWP consultants can help you improve systems, control expenses, and improve your bottom line – all for less than CPA’s who have no experience or insight running dental practices charge.

Talk to a Dental Wealth Partners consultant today about a free assessment.