If you are serious about wanting advice on the sale of your dental practice and your future accounts and tax as a self-employed dental associate then my practice works exclusively with dentists based all over the UK. Please feel free to call me on 01844 260111.
I suggest you take a look at BankLink. Bank statements downloaded automatically into thier software so no need to re-key and after the first month, when you need to spend time coding the transactions, most transactions are also automaticallycategorsied to the correct nominal ledger code.
The software doesn't recognise cheque numbers, but many businesses don't write many cheques these days, and it's relatively quick and easy to categorise this type of payment.
I have inherited some frankly shocking sets of accounts from qualified accountnats in the past and have re-done them. In one instance my re-worked set bore no resemblance to the inherited set but unfortunately the impact on the ralted tax liability was minimal. On another occasion, having failed a number of times to get a breakdown of the opening balances from the previous accountant I was invited to review their working papers! Although this didn't help in the end, it was a real eye-opener and did explain why they were having truoble giving me a breakdown of their figures! One of the many problems as I see it is that the client is often unwilling to pay twice for the same set of accounts/tax return, especially if the tax bill goes up even if the re-worked accounts/tax return would stand up to an HMRC enquiry!
Fee for completing reference I'd be interested in hearing about the typical fee that is charged to a client for completing a reference as we seem to have more complaints from clients on this than any other service.
Logmein Many of our staff, me included, use logmein - it's very easy to set up - took me about 10 minutes last week - and there is a free version that works very well or pay for a version that has more facilities. Their web site explains it all clearly. As I was forced to work from home 2 days last week because of the snow, and again today due to family circumstances, I can vouch for its usefulness!
Software of Excellence SOE are a software company that specialise in admin and clinical software for private dentists - used by a number of our clients - and I wonder therefore whether it may be suitable for you. Let me know if you think it might and I can give you a contact point.
Fixed fee software You might like to try Corporate Accountancy Solutions Ltd - tel 01625 613893 or email [email protected] who market the type of software you are looking for, plus a variety of other practice management software.
Also, you may find a book by Ron Baker on value pricing invaluable - avaialble from Amazon and one of the best books that I have read for accountants and other service providers.
My answers
Andy,
I think you must be looking on the wrong website!
If you Google Dental Business Solutions we are right at the top
If you are serious about wanting advice on the sale of your dental practice and your future accounts and tax as a self-employed dental associate then my practice works exclusively with dentists based all over the UK. Please feel free to call me on 01844 260111.
BankLink
I suggest you take a look at BankLink. Bank statements downloaded automatically into thier software so no need to re-key and after the first month, when you need to spend time coding the transactions, most transactions are also automaticallycategorsied to the correct nominal ledger code.
The software doesn't recognise cheque numbers, but many businesses don't write many cheques these days, and it's relatively quick and easy to categorise this type of payment.
To re-do or not to re-do - that is the question
I have inherited some frankly shocking sets of accounts from qualified accountnats in the past and have re-done them. In one instance my re-worked set bore no resemblance to the inherited set but unfortunately the impact on the ralted tax liability was minimal. On another occasion, having failed a number of times to get a breakdown of the opening balances from the previous accountant I was invited to review their working papers! Although this didn't help in the end, it was a real eye-opener and did explain why they were having truoble giving me a breakdown of their figures! One of the many problems as I see it is that the client is often unwilling to pay twice for the same set of accounts/tax return, especially if the tax bill goes up even if the re-worked accounts/tax return would stand up to an HMRC enquiry!
Other practice managemenr books
You might like to try "The Firm of the Future" by Dunn & Baker or any book by David Maister.
Minus figures in Excel
Thanks to all of you who cleared up little mystery.
Fee for completing reference
I'd be interested in hearing about the typical fee that is charged to a client for completing a reference as we seem to have more complaints from clients on this than any other service.
Logmein
Many of our staff, me included, use logmein - it's very easy to set up - took me about 10 minutes last week - and there is a free version that works very well or pay for a version that has more facilities. Their web site explains it all clearly.
As I was forced to work from home 2 days last week because of the snow, and again today due to family circumstances, I can vouch for its usefulness!
Software of Excellence
SOE are a software company that specialise in admin and clinical software for private dentists - used by a number of our clients - and I wonder therefore whether it may be suitable for you.
Let me know if you think it might and I can give you a contact point.
Fixed fee software
You might like to try Corporate Accountancy Solutions Ltd - tel 01625 613893 or email [email protected] who market the type of software you are looking for, plus a variety of other practice management software.
Also, you may find a book by Ron Baker on value pricing invaluable - avaialble from Amazon and one of the best books that I have read for accountants and other service providers.