Three VITAL End of Year Considerations

December 13 2017

2017 December Newsletter

Greetings!

With gala celebrations and everyone in a festive mood, it must be the end of the year! When it comes to year-end finances, we are checking 'em once, checking 'em twice, gonna find out if those numbers are all nice!

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Three Really Important End of Year Considerations

Gather your logins, passwords and security questions/answers. It happens more often than not that during the beginning stages of an embezzlement examination, the doctor owner does not know the Admin password to the practice software, doesn’t know how to get on to the Care Credit website and didn’t even know that the Merchant Card Service Provider can be accessed online, with reviewable reports.
Download digital copies of financial information. Not all financial institutions are created equally. In one of my embezzlement cases this year, the practice’s bank surprisingly did not have bank statements online. What made it worse was the practice owner did not know the bank statements were not available online. And as you read this, some of you are wondering about your own!
End of year deposits. If a patient payment is entered into your practice management software, then that deposit needs to be in the bank prior to the end of year. The only exception is credit card transactions, which there are typically few at the end of the year.

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December Spotlight

2018 Quickbooks

Give yourself the gift of freeing up time for your practice, passions and family with a step by step guide to balancing your quickbooks.

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Top 10 Tips from Top 10 Consultants

"Your practice needs a Boss. If you are not the Boss, you may not like who steps up to lead your business." -Susan Gunn Solutions

Download the New Dental Curve article to get the top ten tips the top ten consultants are giving for your practice.

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New Dental Magazine

Voted Dentistry Today's 2017 Leader In Consulting

"Since 2005, I've been honored to be included in such an amazing group of colleagues who make a difference in the dental industry! I stand amazed." -Susan Gunn

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Susan Gunn Solutions | 888.994.3167 | susangunnsolutions.com