📊 Get ready, dentists! 🦷📈 Over the next 10 days, we'll dive deep into financial management of dental practices, sharing valuable tips on each topic. Tomorrow: Intro to financial statements! #DentalFinance#dentalpractice
Asking the right questions in an interview can be a huge advantage for hiring the perfect candidate. Click below for advice from Kiljon Shukullari, our HR Advisory Manager 👇
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Keep your dental practice on track with End of Day Reconciliation! Run a bank reconciliation report, settle your bank terminal, sign off/seal cash, review refunds and voided payments, close the day on your software, and document and store reports. Stay organized for success!
5/5- Buy equipment!
CRA has a rule until January 2024 where you can expense the full amount of any capital allowances for up to $1.5M. After January 2024, we'll be reverting back to a slower depreciation schedule. Take advantage now and update that old equipment! #canadiantax
4/5 - Research! The Scientific Research & Experimental Development (SRED) is a program that gives you valuable tax credits for your clinical work. Reach out to a SRED consultant to learn how to submit your research and what expenses you can claim! #canadiandentist
Welcome to day 10 of our financial tutorial! 💵Reconciling accounts and dental production output is crucial. Don't forget to review these items monthly!
💳incoming payments via terminals
💰cash and checks deposited
📃patient refunds
#dentalfinance#frameworkhm
Hey dentists! Take charge of your bookkeeping to ensure the financial health of your practice. It's not just about numbers; it's also safeguarding against fraud. Spot irregularities, strengthen controls, and protect your practice from risks. Enjoy peace of mind! #DentalPractice
1/5 Welcome to day 8 of our Dental Finance tutorial! 🚀 Ready to take your business to the next level? 💰💼 Financial leverage can be a game changer! Here are 5 ways to use it to your advantage: #dentalfinance#frameworkhm#dentalpracticemanagement
4/5
5️⃣ Invest in real estate: Passive income source that builds long-term wealth. Evaluate risks and rewards carefully. Buying the building where you currently practice may have added tax benefits as well!
6/6 💼💰 Implement these strategies to maximize your dental practice's cash flow potential! Stay tuned for more finance tips. Don't forget to follow and share with a dental friend. #DentalFinance#CashFlowBoost