Framework

Empowering Dentists, Revolutionizing Practice Management

[Framework @Frameworkhm]

📊 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

[Peninsula Canada @peninsula_ca]

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 👇

https://t.co/OUSHfCNUFi

#Business #HR #HumanResources #Workplace #Employer #EmployerAdvice

[Framework @Frameworkhm]

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!

[Framework @Frameworkhm]

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

[Framework @Frameworkhm]

Canadian Dentists - here are 5 ways you can save on your taxes this year! 🧵

#dentalfinance #ontariodentists #canadiandentist
#taxstrategy #dentaltax #dentistry

[Framework @Frameworkhm]

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

[Framework @Frameworkhm]

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

[Framework @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

[Framework @Frameworkhm]

5/5 How do you use leverage for your practice's financial growth? RT with your best leverage tip!

#dentalpracticemanagement #dentalfinance

[Framework @Frameworkhm]

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

[Framework @Frameworkhm]

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!

[Framework @Frameworkhm]

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

[Framework @Frameworkhm]

1/6 Welcome to Day 7 of our Dental Finance Tutorial! 💼💰 Today, we're focusing on boosting cash flow with 5 actionable strategies.
1️⃣ Tackle Outstanding Receivables: Prioritize patient balances to ensure prompt payment. Regularly review/ follow up to maintain cash flow!

[Framework @Frameworkhm]

5/65️⃣ Offer Flexible Payment Options for Treatment Plans: Present patients with outstanding treatment plans flexible payment options. Production ⬆️= Cash Flow ⬆️
💼💰 Implement these strategies to maximize your dental practice's cash flow potential!