What You Need to Consider When Hiring a Bookkeeper for Your Dental Practice

When getting help with your dental practice’s financial data, you must remember that a bookkeeper differs from an accountant. A bookkeeper focuses more on day-to-day record-keeping for your clinic. Your accountant, on the other hand, focuses more on tasks like forecasting, tax preparation, and advisory work.

It’s essential to understand the difference between an accountant and a bookkeeper because while an accountant can do your bookkeeping, it will be cheaper, in the long run, to hire a bookkeeper to keep your books up to date throughout the year.

Having a separate bookkeeper and accountant can help prevent errors in your bookkeeping and provide additional oversight.

It’s helpful to have a bookkeeper and an accountant for your business. The bookkeeper can keep track of all your financial transactions and make sure everything is accurate. The accountant can then review the bookkeeper’s work and make sure there are no mistakes. This way, you can be certain that your finances are in good hands. 

Here are several essential tips that you need to consider when searching for the perfect dental bookkeeping services:

Ensure That the Bookkeeper You Choose Is Experienced in the Dental Industry

When choosing a bookkeeper, it is crucial to ensure that they are experienced in the dental industry. This is because the dental industry has specific regulations and requirements that must be followed. A bookkeeper who is not familiar with the dental industry may not be able to deliver the level of service that you need. 

It is also essential to choose a bookkeeper who is experienced in the specific type of dental practice you have. For example, if you have a specialist dental practice, you will need a bookkeeper who is experienced in dealing with specialist dental practices. 

Choose a Bookkeeper with the Necessary Certifications from Relevant Organizations 

When it comes to choosing a bookkeeper, it is vital to make sure that they have the necessary certification from relevant organizations. This will ensure that they are qualified to do the job and that they can keep your books in order. 

There are a few different organizations that offer certification for bookkeepers. The American Institute of Certified Public Accountants (AICPA) and the National Association of Certified Public Bookkeepers (NACPB) are the most popular. Both of these organizations have different requirements for certification, so it is important to check with the organization you are interested in to see if the bookkeeper you are considering is certified.

Determine Whether You’ll Need an In-House Bookkeeper or Outsource the Services

When it comes to bookkeeping, small businesses have two main options: they can either keep the books in-house or outsource the services to a professional bookkeeping firm. There are pros and cons to both these options, and the best solution for your business will depend on several factors. 

If you’re a one-person operation, then you can handle your bookkeeping without too much trouble. However, if you have a larger staff, then you may need help to keep on top of the bookkeeping yourself. In this case, outsourcing the services to a professional bookkeeping firm may be a better option.

Choose a Bookkeeper Who Can Grow with Your Practice

As your medical practice grows, so too will your need for bookkeeping and accounting services. That’s why it’s crucial to choose a bookkeeper who can grow with your practice.

A good bookkeeper will be able to keep track of your finances as they grow and change. They should be able to give you accurate financial reports and help you make sound financial decisions.

They should also be able to scale their services to meet your needs as your practice grows. As your practice expands, you’ll need more comprehensive bookkeeping and accounting services. Your bookkeeper should be able to provide these services without breaking the bank.

Conclusion

When getting dental bookkeeping services, it’s crucial that you go with someone who is experienced in the dental industry, has the right certifications and training, and can grow with your practice. They should also be able to meet your needs, whether you require an in-house bookkeeper or decide to outsource.

Ash Dental CPA can provide you with reliable dental bookkeeping services in Framingham and other services. Contact our Dental CPA firm to learn more about our services!