How to Reduce Accounts Receivable by 50%

$199.00

Struggling with AR that is reducing your clinic’s cash flow? For practices, Accounts Receivable (AR) should ideally represent no more than two weeks of production. Yet, many clinics face much higher AR due to mismanagement, missing processes, and lack of controls—leading to financial strain and even the risk of theft.

At ADC CPA, we’ve helped over 50 practices solve these challenges and regain control of their finances. Our proven methods can help you:

  • Reduce your outstanding AR dramatically.

  • Implement robust financial controls to safeguard your income.

  • Ensure your clinic’s financial health is optimized for long-term growth.

Don’t let poor AR management hold your clinic back. Purchase our ebook now to learn actionable strategies for transforming your AR and securing your clinic’s financial future.

Struggling with AR that is reducing your clinic’s cash flow? For practices, Accounts Receivable (AR) should ideally represent no more than two weeks of production. Yet, many clinics face much higher AR due to mismanagement, missing processes, and lack of controls—leading to financial strain and even the risk of theft.

At ADC CPA, we’ve helped over 50 practices solve these challenges and regain control of their finances. Our proven methods can help you:

  • Reduce your outstanding AR dramatically.

  • Implement robust financial controls to safeguard your income.

  • Ensure your clinic’s financial health is optimized for long-term growth.

Don’t let poor AR management hold your clinic back. Purchase our ebook now to learn actionable strategies for transforming your AR and securing your clinic’s financial future.

  • This guide is to help dental practices take control of their finances by providing actionable strategies to reduce Accounts Receivable (AR) by up to 50%. It outlines efficient AR management practices, offers steps to minimize outstanding balances, and includes tips to prevent theft—empowering practices to improve cash flow and maintain financial health.

  • A healthy AR ensures smooth cash flow, reducing the risk of financial strain and keeping your operations running efficiently. High AR can turn your practice into an interest-free bank for patients, increasing the chances of delayed or uncollected payments for completed work. Additionally, it heightens the risk of theft and mismanagement. By keeping AR low, you protect your revenue and safeguard your practice's financial stability.

  • Our e-book equips you with essential tools like the End of Day (EOD) form, AR Tracker, and Bank Deposit form to streamline AR management and reconciliation. Backed by ADC CPA’s 8+ years of experience, we provide step-by-step guidance to ensure successful implementation while helping you avoid common mistakes. Take control of your practice’s finances with confidence!

  • Key steps include reviewing aged AR reports to identify overdue accounts, prioritizing those over 120 days for immediate action, and verifying patient ledgers to ensure accuracy and resolve discrepancies. Additionally, implementing a system to track AR decline on a monthly basis helps monitor progress, address ongoing issues, and maintain a healthy financial position for your practice.

  • The guide emphasizes preventative measures like daily reconciliations to ensure transaction accuracy, maintaining an AR tracker for real-time monitoring, and implementing financial controls to prevent errors or theft. With step-by-step instructions and templates, it helps you reduce AR and establish a sustainable system to prevent re-accumulation of AR.

HOW TO USE:

Our digital e-book works for both printing and digital learning. Our templates are fillable and additionally can be printed out for ease of working with pencil and paper for your clinic’s accounting.

CONDITIONS:

All digital purchases are final and non-refundable under any circumstance.

Online support can be provided. Please email info@adcccpa.ca for more information or any questions.