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We specialize in Bookkeeping for small business & Dental Practices!

Devoting your time to the core needs of your practice is crucial to success. While accounting and bookkeeping are important, they should not get in the way of other business challenges or take valuable time away from your patients.

While I could discuss bookkeeping procedures and benefits all day, I know it bores most people! So here are some benefits to outsourcing your Bookkeeping needs to VDMA:

 

You can Focus on growing your Practice!

By outsourcing your bookkeeping needs you are free to focus on your practice and patients.

Avoid Tax Penalties!

By working with VDMA you can promptly ensure that all reports are promptly submitted to the Australian Taxation Office, thus eliminating certain Tax Penalties.

Improved Business Decisions!

When you have accurate records and financial reports, you can see areas that need improvement. Can you Install that third chair you've always dreamed of? Do I purchase this piece of equipment now or next financial year? 

Improve Cash Flow!

A lot of practices have a very loose budget or not one at all! A Budget can help increase cash flow by looking at where the money goes, helping to reduce spending, and contributing to the practice's bottom line.

Have Accurate Up-To-Date Records!

Having accurate records always on hand shows prospective creditors that you know all facets of your company and give a clear financial overview of the health of your practice. This is also essential if you are looking at selling your business or having a partner join you.

Audits!

Audits are enough to strike fear into the hearts of most people! But if your accounts are with Virtual Dental Management Australia, you can be assured that you are getting accurate and compliant financial reporting and processes.

Not sure you need a bookkeeper?

Check out this YouTube video!

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BAS
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BAS Services:

  • Business Activity Statements (BAS) and Instalment Activity Statements (IAS)

  • PAYGW

  • PAYGI

  • GST reporting​

  • Debtors and Creditors

  • Reconciliations

Payroll Services:

  • Single Touch Payroll (STP)

  • Payroll compliance - leave, overtime, meal break, uniforms

  • PAYGW

  • Payouts, allowances, bonuses

  • Superannuation Guarantee

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Reporting and Consulting:

  • Monthly financial reporting

  • Understanding your financial reports

  • Compare National Benchmarks

  • Consult on strategies to improve figures

  • Set and assess budgets

  • Set yearly predictions and KPI's

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Software set up and Training:

  • Accounting software migration

  • Changing accounting software

  • Reconfiguring Chart of Accounts

  • Training of basic data entry

Rest assured we've got you covered

Certified and registered BAS agent & Member of the Australian Bookkeepers Network

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Quickbooks
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All Taxation and Payroll Services are done after liaising with your practice Accountant to ensure your accounting system suits your individual practice, goals, and business structure.

Let Seona from Virtual Dental Management Australia take care of all or part of your bookkeeping and Payroll needs, so you can get back to doing what you do best - excellent Patient Care!