The impact of technology on patient care is being seen across the dental sector in a number of ways. New technology has been changing the way practices handle their accounting administration. A range of low cost, cloud based, accounting software packages are helping to deliver real efficiencies and savings.

Here are five key benefits that could help your practice:

1. Live bank feeds

Securely connect your bank account direct to your accounting software – this way your accounting software is always up to date and you don’t have to rekey the information.

2. Automatic bank reconciliation

Train the accounting software to recognise common transactions and post them to the appropriate nominal codes, to help improve the accuracy and efficiency of the reconciliation.

3. View copies of supplier invoices online

Attach electronic copies of supplier invoices to the actual accounting transaction, meaning you don’t have to source the paper copies.

4. 24/7 access to your financial information

Having secure access to your accounting information through a web browser means you can check on your performance at any time and from any location with an internet connection.

5. Constant upgrades to the software

No need to spend time installing new updates; the software is being constantly updated in the cloud so you always have the most up to date version.

How we can help

There are a number of different cloud accountancy packages, including Xero and QuickBooks.

As a Xero Gold partner, and one of the leading Xero partners in Scotland with over 30 certified staff we are well placed to help you understand the benefits and opportunities.

We can help your practice by:

• Choosing the right online accounting package
• Training key staff on using the software
• Providing bookkeeping and management accounting support

Get in touch with a member of our Business Solutions team today for an initial chat to find out how we can help you.