Accounting Seed: Dental Practice Accounting
Accounting Seed is a cloud-based software that can be used to streamline and modernize some of the financial processes that are required to have a healthy dental practice. By introducing an intuitive dashboard and automated processes, the software provides you with more time to focus on growing your business rather than wasting valuable resources on creating cumbersome financial spreadsheets. This also makes it easier for a dental practice CPA to organize and execute your dental practice’s bookkeeping and create a tax minimization strategize your dental practice.
Client Billing And Vendor Management Made Easy
You can expedite the growth of your dental practice by maintaining a list of clients who rely on your expertise. One of the best ways to initiate this growth is by seeing them every six months for routine dental exams and cleanings. Accounting Seed helps facilitate this process by making it easy to bill your clients and keep track of revenue. As a cloud-based platform, it can allow a dental practice accountant to log in and make sure your dental practice bookkeeping is being kept up to date.
Almost all companies have some type of purchasing requirements for their operations. For example, as a dental practice, you’ll need to pay vendors for the professional dental equipment and dental filling materials you use. Accounting Seed helps you manage all your purchases directly through its system, and it allows you to approve and print checks. This feature helps make it easier for your dental practice bookkeeper to monitor your dental practice’s expenses.
Financing Requirements At The Tip Of Your Fingers
Are you in the stage of planning long-term investments for your dental practice such as purchasing or replacing professional dental equipment? When you're using Accounting Seed, it provides a convenient way to analyze independent expenses. Your cash flow can be analyzed to determine if it's in your best interest to fund your professional dental equipment by budgeting and using your firm's capital or if it is best to pursue external financing options.
It’s not uncommon for a business to require financing initially or down the road. Accounting Seed makes it easier to provide the detailed information required by financing institutions you are applying to. You must remember that these institutions need accurate financial statements to determine if your dental practice is the right candidate for this type of financial risk.
Create Comprehensive Reports
Large data sets presented through graphical representations make analyzing your dental practice’s financial health easier for our dental practice financial advisers. Accounting Seed can provide a complete reporting system that shows your real-time performance as well as historical data to help you trace your business’s growth. This feature can help provide the answers needed by our dental practice tax planning team when working with you on creating a tax planning strategy.
Accounting Seed’s Ledger Inquiry Tool allows you to drill down deeper and extract individual transactions or examine specific financial statements. It does this by using the software’s ability to define the exact calculations, columns, and rows you need to understand each transaction. With this feature, you can move through crucial accounting processes quickly and more efficiently. To learn more about Accounting Seed’s accounting features that can streamline your dental practice click the button below to schedule a complimentary discovery call today!
This blog article is not intended to be the rendering of legal, accounting, tax advice or other professional services. Articles are based on current or proposed tax rules at the time they are written and older posts are not updated for tax rule changes. We expressly disclaim all liability in regard to actions taken or not taken based on the contents of this blog as well as the use or interpretation of this information. Information provided on this website is not all-inclusive and such information should not be relied upon as being all-inclusive.