Maintaining the business side of your dental practice isn’t easy. And keeping your books updated and accurate can be worse than a tooth ache. But, with the right software, it doesn’t have to be that bad. For example, when used properly, QuickBooks® is an easy-to-use, affordable accounting software package that can help you finally keep tabs on your practice’s cash, accounts receivable, accounts payable, inventory and more – which can ultimately help you boost the profitability of your practice.
Start QuickBooks® On The Right Foot
Simply purchasing and installing QuickBooks® isn’t enough. Taking this approach will prove to be even more frustrating and time consuming because the records you depend on to manage a profitable practice will be inaccurate, and you’ll just have to start over again anyway. Instead, if you want to get the most out of your QuickBooks® investment, you will need to follow specific steps, in a specific order, to ensure the software is not only working, but is reporting accurate data.
Keep Your QuickBooks® Software Current
The fact remains that basic double entry bookkeeping has not changed in more than 500 years. However, that doesn’t mean that you don’t need to update your QuickBooks® software. Here’s why you need to keep it updated.
If you use QuickBooks® to prepare your dental practice’s payroll, for example, you should be aware that QuickBooks® only supports three years’ worth of releases for payroll. So, with the release of the 2013 version, your 2010 version of QuickBooks® will soon be out of date and will need an upgrade.
If you are using QuickBooks® version 2010 in a web-hosted environment, you will have to upgrade at during 2013, as Intuit requires that web hosts to allow use of only the most recent three versions of QuickBooks®.
Contact A QuickBooks® Pro For Help
Whether you are a new dentist or seasoned pro, dental professionals find success with QuickBooks® every day, but they don’t realize this success alone. Working with a QuickBooks® expert to set up and/or manage your dental practice’s data doesn’t have to be difficult or expensive. In fact, you could help you secure greater profit in the long run just by calling in the professionals. At the end of the day, if you’re not taking full advantage of all that QuickBooks® has to offer, you’re missing out on some pretty powerful tools. The team at Bright Dental can help. With a team of certified QuickBooks® ProAdvisors, our QuickBooks® team can assist with QuickBooks® consultation, set-up, training and support. Email Bright Dental CPAs today to learn more.
Are you looking for additional QuickBooks® Resources for Dental Professionals? Check out these links for more insight and advice.