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About Dr. Stacey Cohen

Dr. Stacey Cohen is a practicing cosmetic restorative dentist in Beverly Hills, CA.

Top 10 Reconciliation Errors

In the last post, I espoused the necessary (and tedious) task of reconciling your bank & credit card statements.  If you have ever reconciled in your life, then you know the aggravation one feels when there is $0.10 left unreconciled.  Some people make an adjustment transaction in their ledger, but [...]

By |2020-10-22T13:25:45-07:00October 22nd, 2020|Business 101, Month End, Practice Management|

Business 101: Account Reconciliation

Now that we know how to bookkeep, it's time to talk about reconciliation.  The two tasks go hand in hand, and bookkeeping without reconciliation is almost pointless.  Reconciliation is the process of confirming that all the transactions that you think occurred in your business, actually occurred, no more and no [...]

By |2020-10-19T13:56:56-07:00October 20th, 2020|Business 101, Embezzlement, Month End|

Know Your Costs to Set Your Fees

In my last post, I talked about bookkeeping, which is the process of keeping track of every penny that comes in and out of your business.  Now, we're going to put all that data to good use and talk about setting fees today. First, let's talk about your COSTS. Let's [...]

By |2020-10-14T12:38:03-07:00October 15th, 2020|Business 101, Practice Management|

Business 101: Bookkeeping

Whether you’re working as an independent contractor (1099) or a practice owner, you have a BUSINESS.  As a business owner, you need to keep track of your finances and the very first step to that is bookkeeping.   I know, I hear you yawning - but don't take it from [...]

By |2020-10-12T13:15:39-07:00October 13th, 2020|Business 101, Practice Management, Tuesday Tips|

Day Sheets, Why They’re More Than Just Paper Waiting to Be Shredded

You know the report ends up on your desk every morning?  The one that lists all your patients from the previous day, and you push it aside, maybe even place it on top of other similar reports, and then once in a while you tell someone to shred them?  That's [...]

By |2020-10-06T20:54:34-07:00October 8th, 2020|Embezzlement, Practice Management|

5 Steps to Creating Your Office Manual

Last week on #TuesdayTips, I went over 5 reasons why you need an office manual.  To summarize, an office manual will keep you from ever being caught in a jam when key staff are sick or quit; it will make training new staff A LOT easier; your office operations will [...]

By |2020-10-06T12:26:51-07:00October 6th, 2020|Practice Management, Tuesday Tips|

Month End Checklist

It's a new month and that means it's time to complete our month end tasks!  We complete these tasks so that we have an up-to-date picture of how our practice is doing, and it allows us to make decisions and improvements based on data. If you've been following along, then [...]

By |2020-10-05T18:08:12-07:00October 1st, 2020|Embezzlement, Month End, Practice Management|

The Top 5 Reasons You Need an Office Manual NOW

Why is McDonald’s So Successful?  Be like McDonald’s. No, I don’t mean give your patients atherosclerosis.  McDonald’s has been able to grow to over 37,000 locations worldwide because they have easy to follow instructions, which produces a consistent product.  In other words, it is run like a well-oiled machine. You [...]

By |2020-09-29T13:19:39-07:00September 29th, 2020|Practice Management, Tuesday Tips|

5 Things to Ask Yourself Before You Post

Social media is everywhere, and everyone is on it, including your grandma.  Your practice should be on it too.  It is a way for patients to get to know you and check out your skills, especially if you're offering any sort of orthodontic or cosmetic services.  It is free marketing [...]

By |2020-09-24T09:28:46-07:00September 26th, 2020|Practice Management, Social Media, Social Saturdays|

Do I Have “Sucker” Written on my Forehead?

You work hard → You have success → Monetary rewards This is what we expect, right?  Money is not the only goal, and might not even be the first goal, but it is definitely part of the appeal of being a dentist and owning your own business.  This is why [...]

By |2020-09-21T15:26:13-07:00September 24th, 2020|Embezzlement, Practice Management|
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