Probably not. Picture someone planning on starting a new business saying this to their (less than tactful) accountant:
“George, I have fantastic news. I’m about to start a new business. And I’m so excited because I’m planning to have one piece of software keep track of revenue, and a totally different software account for my expenses. And here is the best part … these two pieces of software won’t ever communicate with each other!”
The accountant’s response would probably be along the lines that this was a monumentally bad idea and would never work.
We can chuckle a bit at this exchange, and yet we just described every dental practice.
The disconnect between practice management software and the accounting process is one of the major reasons that accountants find less than 10% of the embezzlement that takes place in dental practices. However, many practitioners still believe that their accountant is a cornerstone of their protection against embezzlement.
The majority of embezzlement in dental practices is actually uncovered by the behavior of the staff member who is stealing. Our Embezzlement Risk Assessment Questionnaire is a low-cost way to evaluate the behavior of your employees. To get yours, click HERE.