Specialist Accounting Services for Dental Practices in Manchester

Our Services Include

Income Reconciliation: Verification of various dental income
- Daily collection of NHS patient charges, Private patient fees
- Monthly NHS Contract value
- Monthly Capitation income
- Patient Finance income
Accounts Payable: Verification of various dental income
- Processing of invoices for manager approval
- Posting into the accounting system
- Statement reconciliation, month end payment file
- Payment posting and remittances to the supplier

Petty Cash Reconciliation: Ensure petty cash spends are in line with the practice policy
Employee Exps Claim: Ensure all expenses claimed are in line with the practice policy
Bank Reconciliation: Regular reconciliation of bank statements to ensure accuracy
- All fees collected are banked
- NHS, Capitation, Patient Finance and other regular incomes are credited
- Petty cash top-up is accounted properly
- Supplier payment are reconciled

Regular analysis of Key Performance Indicators to identify trends and opportunities for improvement.

Profitability by Practice
- Monthly or quarterly report
- Useful for multi practice group
- A detailed profit and loss report by each practice against their budget
- Identify income lines with low performance areas
- Identify higher cost lines
UDA reconciliation: Identifying UDAs which are completed by not approved by the NHS
Weekly Income performance: Treatment completed and Income generated by clinicians against their targets
Hourly rate: Actual income generated per hour by each clinician, this will help to understand productivity of each clinician and areas of improvements
Diary productivity: Future diary report to identify vacant appointments, this will help your practice team to focus on filling gaps and increase diary productivity

Clinical productivity: How many patient actually turned up, failed to attend, late cancellation etc to identify actual utilisation of clinician’s available time. This will help to focus practice actions on reducing the wastage of clinical time
Action plan, training and monitoring:
- Formation of action plan to improve performance
- Team member training
- Monitoring the outcome
- Review and revise the action plan
Financial Statements: Preparation of detailed financial statements, including profit and loss accounts, balance sheets, and cash flow statements
Budgeting and Forecasting: Development of realistic budgets and financial forecasts to guide your practice’s financial planning

Our team of accountants has extensive experience working with dental practices, understanding the specific needs and challenges of the industry.

We tailor our services to meet the unique requirements of your practice, ensuring you get the most relevant and useful financial support

We ensure all financial records and reports are accurate and compliant with regulatory standards

We provide ongoing support and are always available to answer your questions and address your concerns