Daily reconciliation between your bank and practice management software is essential for a clear, accurate financial picture at your dental practice. Here's how we keep things simple and accurate:

Daily Steps for Your Practice:

• Upload Checks: Scan and upload your EOBs and checks daily into your DayDream Portal.
• Deposit Checks Daily: Deposit exactly the checks you've uploaded that same day into your bank account.
  • Pro Tip: Ask your bank about a check scanner—it lets you deposit checks quickly without leaving your office!

How We Handle the Rest:

• Matching Deposits: We match the deposits we see in your bank to the uploaded scans and then accurately post these in your practice management software.
  • Important: If today's checks ($10,000) are deposited tomorrow, we'll post them tomorrow. Combining multiple days of checks into one deposit makes accurate reconciliation impossible, so if you miss depositing Monday’s checks and decide to do it on Tuesday, make sure you deposit the two days separately.

Why It’s Worth It:

• Catch Errors Fast: Immediate visibility into any missing or incorrect payments helps us quickly address issues.
• Simplified Bookkeeping: Posting dates match your bank deposits, making reports accurate and payroll easy.
• Protect Your Practice: Daily checks and balances significantly lower your risk of fraud.
• Accurate Payroll: Collections/Production reports are affected by posting accuracy!

Thanks for helping us keep your finances clear, safe, and easy!