The Dental Practice Financial Calculator

The Dental Practice Financial Calculator is a sophisticated financial management tool, not practice management software. Our software is different. It doesn’t automate bookkeeping, set appointments, store images or provide other dentistry services. Instead, it focuses on the financial aspects of practice management not tactical processes and workflows. No other dental-practice programs address the full range of strategic financial issues such as calculating the fair market value of a practice or bringing in a partner.

During challenging economic times, business owners need every advantage they can get. In addition to advice from their consultants, most dentists receive a four-page monthly financial statement from their accountants, a cover letter, and a trial-balance statement of their income and balance sheet accounts. This statement normally reflects the current month and YTD results. That's it! That’s the only financial information most dentists use to make their routine and key practice decisions - and it's not enough for sound practice management.

With very little training in a short period of time, you can take those standard monthly financial statements from your accountant and convert them into remarkably useful management insights. Mere awareness of the bottom line is one thing, but clearly seeing the impact of even slight changes to the practice can make the difference in long-term profitability.

The goal was to develop a dental practice management tool that is easy to learn and use. Most dental schools only offer limited courses in finance and management in their dentistry curricula. When you're in practice, you may consult with great accountants and financial advisors, but those experts aren't always available to help with key practice decisions. Likewise, while there are plenty of software programs to help automate bookkeeping, set appointments, and store images, none of those programs teach you to become better, more successful business owners.