What to Look for in Your Operating Overhead Statement

Reviewing an Operating Overhead Statement is important in evaluating what is occurring financially in a practice and to see if there are areas that need to be redirected. If you really want to know where the operating expenses fall, you need to properly categorize them to determine the direction of the practice dental lab supplies australia. You need to be able to see this at a moment’s notice, not in a report 30 days or more after the end of the quarter. No real business would operate without up-to-the-minute facts, so why would you?

Practice-Operating-Statement-1-NEW 413-220×220.jpg Tools for Making Prudent Decisions
Figure1 (Monthly Practice Operating Overhead Statement Before CAD/CAM)
Practice-Operating-Statement-2 Willis-220×220.jpg Tools for Making Prudent Decisions
Figure 2 (Monthly Practice Operating Overhead Statement After CAD/CAM)
Staff Salaries/Taxes–This includes the staff compensation plus any taxes you pay on behalf of the staff (20–23% for general practices, including hygiene) dental vibrator.
Staff (Other)–Generally includes staff benefits such as insurance, pension contribution, CE costs, and gifts (0–3%).
Equipment–This includes equipment leases or purchases, repair and maintenance for equipment, and annual taxes assessed and paid on the equipment you have (3–5%).
Facility–This includes rent or mortgage payment, utilities, facility maintenance, and property taxes (3– 5%) micro motor.
Lab Fees–This includes all outside lab costs and any CAD/CAM materials/ supplies and the cost of the CAD/CAM machine (9–15%).
Dental Supplies–This would include normal disposable dental supplies used daily, restorative supplies, impression materials, and patient products (6–7% for total supplies).
Office Supplies–This includes administrative items and supplies, postage and printing, computer services, and any other administrative costs (1–2%).
Miscellaneous Expenses–This includes marketing costs, bank charges, books/ subscriptions, consulting fees, dues and licenses, interest expenses, legal/accounting expenses, travel/entertainment, telephone costs, and other expenses (7–10%).
You will have some one-time expenses, such as paying a year’s insurance in advance, that will throw your percentages off, but these will balance out over time. The important thing is to see what is out of line and why it is. If you are not sure, that item or items will bear further investigation. Note that this will only be a few items each year, so the time spent investigating these will be minimal.

In the past, most have filed CAD/CAM monthly payments under equipment and CAD/CAM supplies under dental supplies, when in actuality, they are neither. That particular piece of equipment has a specific use and it’s really a laboratory use function.

For tracking actual operating expenses, we have long recommended that practices include payments for the CAD/CAM equipment and all CAD/CAM supplies, and categorize them under laboratory expenses. Because you want to compare “apples to apples,” you must keep all laboratory expenses together. For the purpose of really knowing your costs and determining profitability and pricing on your comprehensive P&L statement, you will probably want to subdivide the laboratory expense category into:

Fixed pros
Removable pros
Implant pros
CAD/CAM pros
Appliances
Ortho

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