fine performance reporting

The only way to assess business performance is by looking at the numbers; Fine Company has developed tools to make this simpler for dental practices.

They serve as a dashboard for your business so you can see how you are doing at a glance.

Performance reporting really comes into its own when you have a plan – a set of business objectives that are quantified and time sensitive – because then your monthly reports will show if you have strayed off course. Traditional year end accounting is hopelessly inadequate if you want to change and survive.

Take a look at our performance topics to see how Fine Company can help your business.

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“We are so proud of
our new practice and
we owe it all to Fine Co”

Gerwyn Rowlands, Buttercup 7 Day Dental, Glasgow

monthly KPIs

We have created six Key Performance Indicators that will keep you on track, and we are developing software that integrates accounting and CRM software to make monthly reporting simpler.

Our KPIs give a snapshot of your business’s health so if something good or bad is happening in your practice, you won’t miss it.

Practice owners, like everyone else, are suffering from information overload, and fine company KPIs help by producing actionable information every month.

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Using easy to digest infographics, they also support team building; it’s information to be shared so you can highlight under-achieving clinicians in a non-threatening way.

The Fine Company KPIs are:

  • Net practice growth
  • New patient value
  • New patient treatment plan take-up
  • Average patient value
  • Average daily yield
  • Profit

Fee:
Evaluation and set up day: £1570 + VAT

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“The numbers explain where you are, and they never lie”

Jonathan Fine, managing director

fine tuning

Incredibly, according to data from SOE, 80 per cent of dental practice owners don’t know how their business is performing and 60 per cent don’t know where to find the information.

Yet performance reporting is proven to deliver high return on investment; the top 10 per cent of dental businesses using it see a 41 per cent increase in their hourly rate.

So how do you get your monthly KPIs set up in the best way for your practice? How do you set up auto extraction from your dental practice management system, your data feed from accounts and your web based presentation portal?

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We can do this all for you with an initial evaluation and set up day. We also offer a special consulting service to help you choose the right software and management system for you business. And we can keep your information flow working through our cloud based online bookkeeping service.

Should you need further tweaks we offer a bespoke focus day of Fine tuning to drill down on secondary and tertiary KPIs, helping you achieve further business efficiencies when the time is right.

Fees:
Fine choice focus day: £2,070 + VAT
Fine tuning focus day: £895 + VAT
Monthly contract as part of bookkeeping: £800 per month + VAT

“A professional outfit who are knowledgeable, skilled, honest, and can help deliver results”

Anesh Patel, Cliftonville Dental, Northampton

monthly accounts

Everyday cash flow problems sink good businesses every day.

It’s a shame because cash flow should be the last thing you’re worrying about, and with our monthly accounts any danger will be mitigated in good time.

It’s a case of responsive accounting rather than the fusty old retrospective kind.

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We provide an easy to use online bookkeeping and payroll service, monthly management accounts and a year end financial report.

This enables you to accurately understand how you are trading every four weeks and understand your cash situation with an ongoing cash flow projection, highlighting any potential problems or opportunities. All this information dovetails into our suite of six KPIs.

Fee: by quote

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“Understanding which levers to pull to have the greatest effect on the bottom line is key”

Robert Powell, head of performance reporting

annual management accounts

Annual management accounts have an important role to play in reviewing performance over the longer term and creating a fresh business plan for the year ahead.

Because we’re providing your bookkeeping service every four weeks it’s relatively straightforward to provide the year end financial report.

After all, the hard work has already been done.

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We would expect to provide you with your year end financial report within two months of the end of the previous year.

Fee: by quote

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“The team is second to
none in terms of advice
and turn around of work”

Carol Murnaghan, Boyne Dental & Implant Clinic, Navan

tax

Perhaps the most important long term lens to assess you business through is the tax one.

If you’ve been limiting the drive for efficiency to the surgery you have been unnecessarily limiting your business’s potential.

The gains in profitability you can make with tax planning are significant.

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Your average retrospective approach to practice accounts simply can’t deliver these gains; we’ll ask you to join us in a much more hands-on relationship where everything happening in your business is leveraged for the better.

Did you know that earnings between £100k and £120k are taxed at 62 per cent? Fortunately there are many things you can do with this £12k rather than incur it as a loss, just as there are ways to mitigate all the other nuances in the byzantine tax system — once our colleagues have a proper look at your tax position.

We have an alliance with a team of specialist accountants who are charged with optimising your tax position.

Fee: by quote

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get in touch   |  enquire now or call: +44 (0)1326 330 500

finecompany-logo

get in touch   |  enquire now or call:
+44 (0)1326 330 500

quick entry form

finecompany-logo

get in touch   |  enquire now or call: +44 (0)1326 330 500

finecompany-logo

get in touch   |  enquire now or call:
+44 (0)1326 330 500

quick entry form