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Virtual Controller
Bookkeeping and Accounting for Dental Practices
Understanding your practice's financial health can happen in real time. Arshad Dental Consulting CPA provides you with current and accurate monthly financials about the performance and profitability of your practice.
Our Virtual Controller services combines bookkeeping, accounting, and financial reporting into one offering so that you have the real time insight to your practice.
Keep Your Finances in Control
We provide QUALITY bookkeeping services that include:
Payroll processing for the Team and Associates
Accounts Payable invoice entry and payment management
Bank, Credit Card, and Loan reconciliation
We provide accounting processes that increase the accuracy of your financials:
Match Patient Management Software Collections report to the Bank in accordance with working the administrative team to resolve discrepancies. This process eliminates fraudulent activities as well as reducing the risk of theft by monitoring Accounts Receivable, write offs and collections.
Our cloud-based accounting software includes Vendor invoices attached to each transaction to ensure CRA audit compliance. We accurately match purchases with invoices/statements prior to making payments to Vendors, which reduces the risk of duplicate and unauthorized payments.
We manage and review Cash Flow to raise possible concerns of a cash deficit.
When processing payroll, we review payroll hours to avoid paying excess time. This review includes assessing start times, end times, and lunch breaks.
What This Means For You
Bookkeeping and accounting processes enable you to make effective and strategic decisions to reach your practice/personal goals. We can deliver monthly financial reporting to our clients. After the month is complete, our clients receive our Financial Reporting Packing on the 15th of the following month, which includes:
Current month’s profit and loss of the practice with commentary, including provider production and areas of overspend. Profit and loss is also compared to the overall goal of the practice.
Trailing three-month trend of the profit and loss statement is also provided and discussed to determine areas of concern in the practice.
Cash Flow Forecast to indicate the breakdown of the money coming in and out of the practice’s bank account. The projection also predicts based on historical trends of the practice, considering whether or not the practice would be in a positive or negative cash flow for the coming months. This tool is to be proactive for cash balance and to avoid cash deficit before it occurs.
Bookkeeping + Accounting + Financial Reporting = Virtual Controller
Bookkeeping + Accounting + Financial Reporting = Virtual Controller
Reach Your Financial Goals Today
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ADC CPA strives to provide quality bookkeeping and accounting services. This allows us to create reports and comment on your financial position. This enables you to make better strategic decisions.