Episode length: 40m | Published: 2021-03-18
Who better to ask about dental practice finances than someone who lives inside the numbers every day? Mara Johnson, a bookkeeper specializing exclusively in dental practices, sits down with Prosperident CEO David Harris for a conversation that bridges two perspectives: the financial records specialist and the embezzlement investigator.
Topics covered include:
- What a dental bookkeeper sees that a practice owner typically doesn't
- The financial warning signs most visible in a practice's books
- How embezzlement typically shows up — or hides — in dental financial records
- The role of an outside bookkeeper in detecting and deterring theft
- What a practice owner should expect from their bookkeeper in terms of oversight
- The questions every dentist should be asking about their own financials
- Practical steps practice owners can take right now to improve financial visibility
- How Prosperident's work intersects with and complements bookkeeping services
About Mara Johnson: Mara Johnson is a bookkeeper specializing in dental practices, based in Texas. Her firm, MJ Bookkeeping, provides financial management and bookkeeping services tailored specifically to the needs of dental practice owners. Visit www.mjbookkeepingtx.com to learn more.
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The issues discussed in this interview are ones Prosperident addresses daily for dental practices across North America. If you have concerns about your practice, we can help.
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Episode Timestamps
- 0:00 - Introduction / Show open
- 3:33 - What a forensic dental accountant actually does
- 8:00 - How embezzlement typically begins in a dental practice
- 16:00 - The most common theft methods Prosperident investigates
- 24:00 - What bookkeepers and office managers should know about embezzlement red flag
- 32:00 - The warning signs that honest financial staff can help dentists spot
- 40:00 - What to do if you suspect someone on your team is stealing
- 48:00 - How to work constructively with a forensic investigator
- 52:23 - Closing / How to contact Prosperident