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BOOKKEEPING EXPERTS CASE STUDIES

Case Study: Dental Practice

A busy dental practice wanted clearer cash flow reporting, improved payroll processes, and less administrative pressure.

INDUSTRYDental Practice
LOCATIONSydney, New South Wales
SERVICESBookkeeping, reporting and financial management
BACKGROUND

Dental Practice: building a clearer financial operation

A busy dental practice needed financial processes that could keep pace with patient billings, payroll, supplier costs and equipment investment.

A busy dental practice wanted clearer cash flow reporting, improved payroll processes, and less administrative pressure.

The challenges

01

Patient receipts and provider settlements required clearer reconciliation.

02

Payroll and leave administration created unnecessary pressure for practice management.

03

Cash-flow reporting did not provide enough visibility for equipment and staffing decisions.

OUR APPROACH

Practical changes built around the operation

We focused on the financial routines that would create the greatest improvement in accuracy, speed and management visibility.

01

Standardised receipt, settlement and bank reconciliation procedures.

02

Improved payroll records and recurring pay-cycle controls.

03

Introduced monthly cash-flow, profitability and management reports.

MEASURABLE IMPROVEMENT

The business gained a stronger financial foundation

Reduced administrationClearer cash flowBetter planning information
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Every industry has different financial pressures.

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