This is our most popular service amongst Dental Principals around the UK, whereby we take care of all the monthly and annual accountancy requirements whilst helping practices run better businesses. This complete solution is for those practices that want experts in business and finance to help them run their dental practices at an optimum level.
Here are a few of our clients using this service, listen to them what they have to say about it:
Simply put, the UFC service is a complete financial management solution to help grow your practice performance over the long term. By setting clear financial and non-financial targets which are in line with your business objectives and then monitoring monthly progress to these targets is the foundation of the UFC service.
Is the UFC service for you ?
Probably the best way to assess whether the UFC is right for you is to ask you a few simple questions:
What were your practice gross fees and profit last month?
Which of your Dental Associates is most profitable for your business?
Which dental treatments provide you with the highest profit margin?
How much did you spend on laboratory, material or associates last month? Is this reasonable or far too much?
How many new customers did you get last month and where did they come from?
If you are unsure about any of the answers you are not alone.
The UFC service will provide the answers to such questions, which will help you run and build a more profitable and efficient dental business.
Monthly Benefits to You
As an example, each month the UFC service can provide:
Exact turnover and profitability of your practice
Hourly rates of your dental and hygienist team to determine which dentists are profitable for the business
Areas for cost improvement and service fee changes
Budget versus Actual Analysis
A focus for your monthly dentist performance meetings
A focus for your monthly team performance meetings in order to assess motivation
A clear target structure to reward team effort
Clear identification of how many and where the new customers are coming from to aid with the marketing strategy.
A real focus of whether the business actions and performance are in alignment with your objectives.
Annual Benefits to You
Annually, the benefits include:
Year end accounts prepared straight after the year end
Tax calculations prepared very early on in the year to aid with cash flow planning
Full review of the business performance right after the year end
Expert advice to help you run your business better
Each and every practice will have differing requirements for this service, but if you want to grow a successful and profitable practice with strong financial controls in place then Samera’s Ultimate Financial Control service is essential for you.
Summary of Features
The table below summarises the key features of the 3 levels of service with the monthly VAT exclusive fees.
Key Features of Samera’s Ultimate Financial Control
Option1
Option 2
Option 3
Finance Accountant Service
Finance Manager Service
Finance Director Service
1. Two hours Strategic Planning Session at Practice
YES
YES
2. Training day with key personnel at practice
YES
YES
YES
3. Set and agree annual budget AND monthly budgetary control
YES
YES
4. Set and agree annual non—financial targets (KPI)
13.Annual performance review meeting at Samera offices
YES
YES
Monthly Samera Fee
£499*
£699*
£899*
*The fees quoted above are for practices with a turnover up to £350,000 per annum. The prices may vary for practices with higher turnover figures. All fees are subject to VAT.
SomeKey benefits of Ultimate Financial Control:
24/7 access to key management and financial information to help make timely decisions on practice performance
Reduced financial administration headaches to allow for more time to be spent on clinical courses or in the surgery
A simple and seamless process from basic records to annual accounts handled by a professional Chartered Accountancy firm dedicated to UK dentists.
Access to an expert team who understand dentistry and its business issues
The possibility of slashing your tax bill by having a systemised accounting process
Risk of fraud at the practice minimised
Complete off site electronic back up of all annual financial information
The ability to compare practice performance against other dental practices.
Review of budget and fees annually to ensure you are earning the income you desire plus...lots lots more!
Key Features include:
Archived and current:
annual accounts
annual self assessment tax returns and computations
annual employers PAYE returns.
Annual budgets
Monthly management accounts including Profit and Loss accounts
Monthly list of payors
Monthly key performance indicators
Bi-annual performance reviews by Samera
Monthly payroll information
Graphical monthly analyses of practice performance
Complimentary downloadable practice management tools, designed by our team of accountants and dental professionals.
For further information on this practice transforming service please get in touch with Samera on 0207 100 8788.
Fees
For further information on our fees for this service please click here.
