Services for Dentists > Accounting
Your outsourced dental accounting department.
We act as your internal accounting department, just a little outside the office. You can count on us to:
- Enter all data weekly
- Reconcile all accounts monthly
- Monitor for fraud using a 3-tier reconciliation
- Provide timely, accurate, usable financials
- Review financials and KPIs with you monthly on a shared desktop phone call. In these calls, we will create goals, review coding, discuss what the numbers mean, and more
- Utilize industry benchmarks by specialty to compare your spending to your peers
- Help with the bill pay process
- Help with payroll
- Reconcile and review employee benefits
- Issue monthly custom proprietary Benchmarks Key Performance
- Indicator (KPI) reports — we find these are more helpful to our doctors than financials with the easy to read red, yellow, green and report on both operational and financial data
- Help with those miscellaneous government notices that show up in the office
- Maintain bank readiness — Need a loan? You’ll be ready at a moment’s notice. NOTE: The ability to produce organized and timely financials can help reduce your interest rate!
- Work with bankers and lenders to deliver all requested items
We do all this offsite, saving you on a fixed back-office cost that can be hard to manage. When you sign up with Benchmarks, you will be assigned a dedicated, two-member dental accounting team consisting of a CPA or MBA level person as well as a bookkeeper level person.
