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Financial Management Solutions
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| Accounting & Bookkeeping |
Key Performance Indicators |
Financing |
| Budgets, Forecasting and Planning |
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As an experienced dental management consultant, Virtual Dental Solutions can take care of all your dental practice requirements with ease. Virtual Dental Solutions’ extensive expertise in dental financial management includes bookkeeping, accounting, part-time CFO services, payroll, data entry and more. All of Virtual Dental Solutions’ dental solutions come at very competitive rates, giving you the option of getting all finances done in time at cost-effective rates. With our dental financial management services into the picture, your records will always be current within 24-48 hours, and you can access them online through a secure connection. We will monitor your practice finances on a daily, weekly, and monthly basis with professional evaluation and recommendations to help you achieve long-term goals for your dental practice. All our dental solutions are provided by experienced and professional staff, which ensures that all your financial requirements are fulfilled.
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Practices using our dental financial services are discovering that moving part or all of their bookkeeping and accounting functions to us saves costs while freeing up valuable management time. In addition, our customers have found our financial and practice analysis invaluable in helping improve their operations and profitability. Our solution for dental practices is a comprehensive approach to all business needs with the objective of improvement in business cash flow, with various tactics from tax planning to cost reduction. Click here to download brochure
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Business Structure and Statutory Requirements
If you are thinking of starting or purchasing a new practice, you will need the help of an experienced dental management consultant like us. Our professionals can guide you through the myriad of issues that are connected with starting and owning a new practice. We can help you with any issue related to the new practice, right from deciding the corporate structure of the company to statutory registration of your practice with the appropriate local, state and federal authorities.
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Financial Analysis and Tax Planning
Each business has key parameters it should track on a monthly or quarterly basis. As part of our dental financial management services, our team will conduct an initial review of your practice. Through this review, our financial analyst will identify the key financial parameters that we need to track as part of our bookkeeping and accounting service to improve profitability. We will also work with you on tax planning to minimize your tax obligations.
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Financial Reports
Every practice owner should understand the financial health of their business and the key leverage points that make that practice successful. As part of our dental solutions, our staff will help you interpret the financial state of your practice as reflected by your profit and loss account, balance sheet, inventory and other appropriate financial statements paired with our dental practice management reporting.
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Process
Having determined the financial parameters and reports that we need to provide, our analyst will define the exact process whereby the financial information is reported to us. Our experience allows us to supply electronic templates in the form of Excel spreadsheets and Word documents that can help streamline the process of data collection by the owner. |
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