Dentists have a lot to keep track of when it comes to their finances. From income and expenses to payroll and taxes, there's a lot that goes into keeping a dental practice running smoothly from a financial standpoint.

That's where accounting comes in. Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. In other words, it's the language of business - and it's an essential tool for any dentist who wants to keep their practice running like a well-oiled machine.

There are a few key things that every dentist should know about accounting, including:

- The basic principles of double-entry bookkeeping

- How to prepare financial statements

- The different types of taxes that may be applicable to a dental practice

- The importance of maintaining accurate records

By understanding these basic concepts, dentists can ensure that their practices are run in a financially responsible manner. And that's good for everyone involved - from the patients to the staff to the bottom line.

So let's get started!