Embezzlement News #91 February 2020

Dental Embezzlement News from Prosperident
Issue #91 — February 2020
Article Series
David Harris is collaborating with fraud investigator Jean Patterson, CFE, CPA and consultant Sandy Baird MBA on a series of articles for Dentistry iQ. The theme is how to use the financial information in your practice more effectively.
The first article is HERE.
Want to make your meeting captivating?
Did you hear the one about the ex-nun accused of embezzling a million dollars from a dentist?
This sounds like the first line of a bad joke, but it’s very real. See our story HERE.
If you want an inside look at embezzlement, we would love to speak at your group or study club.
Here are some places where we will be speaking soon:
Jan 31 The Ohio State University, Columbus OH
Feb 19 Kamloops and District Dental Society, Kamloops BC
Feb 20 Dr. Wilson Kwong study club, Vancouver BC
Feb 27 Ortho2 User Group Meeting, San Diego CA
Mar 9 Cloud9 User Group Meeting, Atlanta GA
Mar 11 Schulman Group, Laguna Beach CA
April 1 Greater Long Island Dental Meeting, Melville NY
Apr 23 Richardson & Associates, Plano TX
Apr 24 East Texas Study Club, Bullard TX
May 9 Smile Source Exchange, Atlanta GA
Jul 3 University of the West Indies, Jamaica
Oct 17 Southern Association of Orthodontists, Nashville TN
2021
Feb 25 Chicago Dental Society Mid-Winter Meeting, Chicago IL
For more information, click HERE or call us at 888-398-2327.
The Art of the Day End
Everyone knows that daily balancing is a key safeguard for your practice’s finances, but there is very little information available to a dentist on how to do it properly. So here’s a recipe:
  1. Which reports should be looked at? Most software can produce a lot of different reports. Most software has a report specifically designed for day-end review. It may be called a “daily summary”, “day-end report” or “daysheet”, or it may have a different name in your software. For purposes of this discussion, I will refer to it as the “daysheet”. The daysheet will normally show procedures performed, fees associated with the procedures, payments received and…
Something to Talk About…
I’m writing this shortly after Kobe Bryant’s tragic death in a helicopter crash was announced.
Whether you are a basketball fan or not, it was hard not to be impressed by Kobe’s skill, intensity, and his ability to win over the city of Los Angeles in a way that few celebrities have.
Basketball was never my sport growing up, but as the very proud father of a son who is a national-level basketball player, I’ve come to love the sport as an adult.
My son and I were fortunate to see Kobe play a couple of times, including one of his very last games in his home arena, the Staples Center in LA in 2016. He was battling a nagging ankle injury, and it was questionable whether he would be able to play.
Demonstrating the grit that made him such a decorated player, the 37-year-old shrugged off his injury and played. Kobe certainly gave 100% that night, scoring more than 20 points to the thunderous adoration of the crowd.
Kobe’s success extended well beyond basketball. He spoke several languages, was an accomplished musician, successful in business, was an Academy Award winner, and a devoted father to his four children, one of who perished in the crash with him.
The world is poorer today. RIP, Kobe.
Sincerely,
David Harris

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