Bookkeeping for Dentists
Polishing Your Dental Practice's Financial Health
Bookkept offers specialised bookkeeping services for dental practices in Melbourne. Our team understands the unique financial challenges of the dental industry, helping you manage patient billing, track expenses, and optimise profitability.
Clear and Efficient Financial Management Melbourne, Victoria
Dental practices face distinct fiscal challenges. Our tailored services address these issues head-on, ensuring your books are accurate and your practice is set for growth.
Procedure Profitability
Understanding the profitability of different dental procedures is crucial. Bookkept helps you:
- Track costs per procedure
- Analyse revenue by service type
- Monitor supply usage
- Optimise pricing strategies
- Identify most profitable treatments
Our detailed analysis provides clear insights into your practice's financial performance, enabling informed decisions about service offerings and pricing.
Smooth Operations: Cash Flow Management
Dental practices often experience fluctuating cash flow. We help you navigate this challenge:
We examine your cash flow patterns, identifying peak periods and potential slow times. This insight allows for better financial planning and resource allocation.
Our team assists in creating cash flow forecasts, helping you prepare for seasonal variations and unexpected expenses. We work with you to develop strategies for maintaining healthy cash reserves.
Regular financial reports keep you informed about your practice's fiscal health, enabling proactive decision-making.
Plans to suit your business accounting & bookkeeping needs
We don’t believe in a cookie cutter approach when it comes to billing.Our clients prefer certainty so we tailor a monthly package with defined accounting services and agree upfront. Here are some examples of what we do for our clients –
Chris - The Contractor
Emma - The Cafe Owner
Mick - The Well-Established Firm
Compliance: More Than Just a Clean Bill of Health
Navigating tax obligations and industry regulations in dentistry can be complex. Bookkept ensures you stay compliant while maximising benefits:
GST calculations and reporting Payroll tax management Medicare and health fund reporting Equipment depreciation tracking BAS preparation and lodgement
Our dental industry tax expertise helps you avoid costly errors and take advantage of all available tax benefits.
What our clients are saying
FAQ About Our Service
How can Bookkept help manage my dental practice's patient billing?
We integrate with popular dental practice management software to streamline billing processes, track payments, and manage outstanding accounts. This ensures accurate financial records and improves cash flow.
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Can you assist with managing multiple dentists in a single practice?
Yes, our systems are designed to handle complex practice structures. We can provide individual performance reports for each dentist as well as overall practice financial analysis.
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How do you handle health fund claims and Medicare in the bookkeeping process?
We set up specific tracking for health fund and Medicare claims, ensuring all reimbursements are properly recorded and reconciled. This helps maintain accurate financial records and aids in identifying any discrepancies.
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What dental-specific reports can Bookkept provide?
We offer a range of reports tailored for dental practices, including procedure profitability analysis, chair utilisation rates, patient retention metrics, and cash flow statements. These insights help you make informed decisions about your practice.
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How can Bookkept help optimise my dental supply inventory management?
By analysing your supply usage data and procedure frequency, we can help you optimise your inventory levels. This ensures you have the supplies you need without tying up excess capital in unused inventory.
Get In Touch Today
Get in touch by filling out the form below or simply call (03) 8568 3506!