Accountancy For Dentists
A partnership born out of 10 years of collaboration, authenticity, shared values & results.
At HQ, we know that understanding your numbers is critical to the growth of your dental practice, because it is how we have achieved and continue to drive rapid growth on our practices. Financial transparency & practical knowledge is the cornerstone of our approach.
Our aim is to cut the jargon and supply you with straight forward financial command and control you need to run your dental practice.
You focus on earning the money, we teach you the skills to track your money and then give you access to our accountancy team to do the rest.
It really is no more complicated than that.
The accountancy clients we work with;
100%
gain cashflow forecasts so they can plan.
1/4
Management accounts to track practice value increase.
Our bespoke members only accounting package includes;
Cashflow management
Cashflow management tool with weekly updates on the business cashflow forecast
Weekly payment run list (for reporting & paying suppliers)
Weekly update for actual and forecast figures flagging any cashflow issues for the following 6 months.
Reporting
Quarterly management reports to ensure regular updates on performance including;
Profit and Loss accountBalance sheetKey Performance Indicators (KPI’s)
Bookkeeping
Supplier invoices – invoices entered onto accounts system ensuring accurate overhead category coding
Supplier queries – supplier liaison to correct errors when notified by your team
Supplier statements – monthly supplier statement reconciliation to capture & source ensure any missing invoices
Data entry & reconciliation - sales figures entered onto accounts system, income reconciled against takings records ensuring completeness of income, account system records matched to bank statements to ensure all transactions are recorded
Payroll
Payroll information input including employee analysis to ensure sufficient detail for KPI’s
Calculation & issue of monthly Associates Pay Statements
Simple monthly payroll spreadsheet to complete with staff hours and any changes in pay/deductions
Supply of monthly Payroll reports including :
What to pay staff (bank access needed)
What to pay HMRC (bank access needed)
What to pay the pension provider (usually direct debit)
Annual accounts
Full year end service including;Preparation of the annual Statutory financial accounts & Registrar accounts
Tax computations
Corporation tax returns
File of accounts and tax returns with HMRC
File of accounts with Companies House
Notification of Corporation tax payments due and payment deadlines
Your Investment
All consultancy clients have exclusive access to our dedicated team led by Jodie Loveday, using the same tools and strategies that have been the bedrock of our own business journey.
Our Service replaces the need for an in house financial member of staff.
Packages vary depending on the number of services listed above you require.
Please drop us an email jodie@heskethhealthcare.co.uk or
What’s app us direct on 07418 608 933 request a quote.
