Bookkeeping and Accounting for Dentists

Streamline Your Practice’s Finances with
Expert Bookkeeping and Accounting for Dentists

Dental practice management is not only simply about serving its clients by providing high quality dental services. It also requires proper management of financial assets of your practice, which is the exact factor that needs equal focus in the practice’s sustainable success. Well, that is where specialized bookkeeping and accounting services exclusively for the dentists are of special significance. Whether you run a new dental office or an established one, our all-encompassing solutions are meant to take care of the financial aspect of your company so you can concentrate on what is important: your patients.

There are typical financial considerations for dentists that comprise insurance billing, tracking patient’s payment and reimbursement, as well as taxes related to dental practice. With combined experience, you get to eliminate all these issues therefore getting a relieve feeling that your financial affairs are in the hands of a professional.

Velan - Your trusted bookkeeping service provider with
the experience and expertise that you deserve!

18+
years in to Finance & Accounting
$1B
Manage Books
900+
Clients Handled
5000+
Invoices Processed per month
2000+
Bank & CC Reconciliation
in a month

Our Bookkeepers Certifications

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Equipped with the Expertise to Efficiently Operate Various Accounting Software

Expert Bookkeeping and Accounting for Dentists

Our Accounting and Bookkeeping Services for Dentists

We have a package of services, relevant to the individual circumstances of the dental practices. Organizations can engage our services for everything from
balancing checkbooks to advanced business forecasting in the areas that concern your practice.

Dental Practice Bookkeeping

Accounting is crucial in any business including a dental practice, and one of the core accounting principals is to ensure that financial records are current and accurate. We have our specialized bookkeeping service offered only to the dentists to facilitate a more efficient cash flow.

What’s Included
  • Daily transaction recording:
    Transaction, other activities which involves the use of money.
  • Bank and credit card reconciliations:
    Ensuring that accounts are done on a regular basis to eliminate odds.
  • Accounts payable and receivable management:
    Conditional collection and payments.
  • Managing patient billing and insurance payments:
    Eliminating the need for the many layers of charges that frequently accompany a healthcare procedure.
  • Custom financial reports:
    More insightful for your practice’s decision-making due to the specific needs of the latter.
Accounting and Financial Reporting

This knowledge will enable dentists to make informed decisions regarding the financial status of their practice. Accounting and reporting services allow understanding the results achieved, giving you valuable recommendations.

What’s Included
  • Profit and loss statements:
    Find out how much money you are making in the long run.
  • Balance sheets and cash flow analysis:
    Get a very clear picture of your overall financial situation.
  • Income and expense tracking:
    Track and manage budget for the organization.
  • Financial forecasting and budgeting:
    Planning for the future in terms of its size and all expenditures.
  • Performance analysis:
    Find ways or areas how one could be more effective and increase its income.
Tax Preparation and Planning for Dentists

Tax season can be stressful, but it doesn’t have to be. Our tax services are tailored to the specific needs of dental practices, helping you stay compliant and minimize tax liability.

What’s Included
  • Tax strategy consultations:
    Develop strategies to reduce your tax burden.
  • Industry-specific deductions:
    Maximize savings with deductions for equipment, supplies, and more.
  • Filing federal and state taxes:
    Accurate and timely submissions to avoid penalties.
  • Tax compliance and audit support:
    Stay ready for anything at any time.
  • Year-round tax advice:
    Maintain the practice practice tax-efficient all year round.
Payroll Services for Dental Practices

Payroll management Payroll management is one of the most time-consuming and complicated processes within any organization. Our payroll services make this much easier and avoid common pitfalls of errors and non-compliance with the law.

What’s Included
  • Employee payroll processing:
    Timely and accurate salary distributions.
  • Tax filings and withholding:
    Ensure compliance with local, state, and federal laws.
  • Salary and commission calculations:
    Handle unique payroll structures effortlessly.
  • Benefits and retirement plan management:
    Streamline benefits administration.
  • Payroll compliance:
    Avoid costly errors and penalties.
Financial Consulting and Business Strategy

Drive your dental practice’s success with expert financial consulting and strategic guidance. Our services are designed to help you make informed decisions that support growth and sustainability.

What’s Included
  • Practice growth and expansion strategies:
    Plan for the future with confidence.
  • Cost-saving analysis:
    Determine locations that need to cut on costs and increase on productivity.
  • Financial health check-ups:
    Periodic checking over’s to help you keep abreast on any changes on your practice’s financial health.
  • Business valuation and exit planning:
    Prepare for transitions or sales.
  • Loan and financing assistance:
    Get the funding to achieve your growth goals.
Accounts Receivable and Insurance Billing Services

Account receivable and insurance billing should also be properly managed to ensure that there is sufficient cash flow to serve the firm’s needs adequately.

What’s Included
  • Insurance claims submission and follow-up:
    Streamline the claims process.
  • Patient billing and collections management:
    Ensure timely payments.
  • Verification of insurance benefits:
    Avoid surprises and delays.
  • AR aging reports and analysis:
    Track outstanding payments effectively.
  • Payment reconciliation and dispute resolution:
    Resolve issues promptly.
Dental Practice Bookkeeping Software Setup and Integration

Leverage the power of modern technology to streamline your dental practice’s finances. We help you choose and implement the right software for your needs.

What’s Included
  • Setup of cloud-based bookkeeping software:
    Platforms like QuickBooks and Xero.
  • Integration with practice management systems:
    Ensure seamless data flow.
  • Training and support:
    Empower your team to use the software effectively.
  • Ongoing updates and troubleshooting:
    Keep your systems running smoothly.
Online Bookkeepers & Accountants

How Secure is Your Data With Us?

Velan understands the importance of safeguarding customer data throughout its entire operational lifecycle. We ensure the uttermost protection of customer property throughout the entire product development process, including storage and logistics. We demonstrate our dedication to data security through the implementation of ISO 27001 in our office.

Why Choose Velan Healthcare Accounting and Bookkeeping Services?

Choosing the right accounting and bookkeeping partner is essential for the success of your dental practice. Here’s why Velan Healthcare is the best choice

  • Experienced and Specialized in Dental Practices
  • Rates reflecting the value of your company.
  • Accurate and Timely Financial Reporting
  • Reliable information for your action plan.
  • Tax Planning and Preparation
  • Mitigate tax risk and stay legal.
  • Affordable Pricing
  • Quality services that meet our prices.
  • Comprehensive Services
  • Integrated financial services for your practice.
  • Secure and Confidential
  • Protect Your Personal Financial Data.
  • Scalable Solutions
  • Develop your practice while also maintaining the highest standards possible.

Why Our Clients Trust Us

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Frequently Asked Questions

How can professional bookkeeping help my dental practice?

Professional virtual bookkeeping is the management of recorded financial transactions, assists administrating and delivering bills and collecting the amounts due, and presents relevant data to be employed as a reference for decision making.

How do I know if I need a professional accountant for my dental practice?

Indeed, if you’re tangled up in some problem, for example, with financial control or management, or with the requirement of compliance or strategic planning, you’ll find a professional accountant helpful.

What does a medical bookkeeper do?

A medical bookkeeper works with records of smart financial transactions involving insurance payments and patients’ bills.

Do you provide tax services for dentists?

Indeed, we provide integrated tax advisory and filing services within the field of dental practices.

How can a bookkeeper help me manage the financial aspects of my dental practice more efficiently?

Bookkeeping is a daily service involving recording, analyzing and processing transactions and preparing reports which saves time and maintains efficiency.

How to do bookkeeping for medical practice?

It involves documentation of transactions, control of accounts and reconciliation of accounts receivable and payable and ensuring to adherence to legal requirements.

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