Evans Sternau CPA provides dental bookkeeping services to practices throughout the United States.
Dental bookkeeping is a critical component of any dental practice. It involves the systematic recording and management of financial transactions in a way that ensures accurate financial reporting, regulatory compliance, and efficient management of financial resources.
Dental bookkeeping includes a range of accounting functions, such as accounts payable and receivable, payroll processing, tax preparation, and financial statement generation. These functions require a high degree of accuracy to ensure the practice has reliable financial statements, which enable the dentist to make informed decisions about growing the business, managing overhead costs, investing in equipment or facility expansion, and other critical decisions.
Bookkeeping functions are typically managed by a dedicated dental bookkeeper or outsourced to a professional accounting firm. It is essential to work with professionals knowledgeable in dental accounting because they understand the unique tax codes, regulations, and industry-specific practices that apply to dentistry. These professionals can provide valuable guidance on budgeting, financial forecasting, and best practices for managing finances within the context of a dental practice. Dental bookkeeping tools have evolved in recent years, increasing the ease and efficiency of managing records digitally.
Accounting software, like QuickBooks and Xero, are widely used, and offer automated record-keeping processes that cut down on manual data entry and save time. Practice management software can also integrate with accounting software to simplify the process of managing finances within a dental practice.
Dental practices that prioritize excellent bookkeeping practices are more likely to have a healthy financial foundation that enables them to grow and thrive. By working with professionals who understand dental bookkeeping best practices, investing in up-to-date technology and software, and creating efficient systems for financial management, dental professionals can create a financially sound and profitable practice.
ABOUT EVANS STERNAU CPA LLC
Evans Sternau CPA is seeking reform in an industry where responsiveness and availability are the exceptions – not the norm.
Our global network of committed CPAs and accountants places proactive thinking at the forefront of our work. With robust service offerings and client support strategies, we are always searching for opportunities to serve your best interests.
While our philosophy is rooted in tried and trusted methods, our execution surpasses the norm and redefines the standard.
Evans Sternau CPA provides proactive tax, accounting, and advisory services for business owners, entrepreneurs and individuals with complex tax challenges. Evans Sternau CPA is for those that want year round support, not just during tax season.