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Does Dentrix or Eaglesoft Handle Practice Expenses

A practical, data-backed guide to controlling costs and automating expense workflows.

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and easily manage employee travel and expenses

For the bigger picture, see our guide to expense management for dental practice.

Incurdesk expense report "Expense Report" with columns Category, Date, Amount, Approved by, listing Office Supplies, Travel, Equipment
Practice Expenses Overview (sample data)
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Practice Expenses and Compliance Requirements

When managing practice expenses, it's essential to stay compliant with tax laws and regulations. Here are some practical steps to help you stay on track:

  • Keep accurate and detailed records of all business expenses, including receipts and invoices.
  • Separate personal and business expenses to ensure you're only deducting qualified business expenses.
  • Stay up to date with changing tax laws and regulations, and adjust your accounting practices accordingly.
  • Consider implementing a system for categorizing and tracking expenses to make it easier to identify qualified business expenses.

It's also essential to maintain accurate and detailed records in case of an audit. Keep records for at least three to seven years, depending on the type of expense and the complexity of your tax return.

Incurdesk approval queue "Expense Approval Queue" showing 5 expenses awaiting review, including Dental equipment (Pending), Office supplies (Approved), Travel expenses (Pending)
Expenses waiting for manager approval (sample data)

Keeping this simple: Incurdesk lets your team snap a photo of a receipt and fills in the details for you. It is built for small dental practice teams. Try it free.

Practice Expenses and Potential Pitfalls

When tracking and managing practice expenses, it's essential to be aware of potential pitfalls that could impact your practice's financial health. Here are some practical considerations to keep in mind:

  • Keep accurate and detailed records of all expenses, including receipts and invoices.
  • Regularly review and update your expense tracking system to ensure it's accurate and aligned with your practice's needs.

By being aware of these potential pitfalls, you can take steps to mitigate them and ensure your practice is running smoothly and efficiently.

Incurdesk budget chart "Practice Expenses" comparing budget and actual spending for Staff Salaries, Office Supplies, Equipment Maintenance, Marketing Expenses
Dental practice budget vs actual spending (sample data)

When Dentrix and Eaglesoft are Suitable Options for Practice Expenses

Both systems offer a range of features that cater to the needs of small dental practices.

  • Eaglesoft is ideal for practices that require a high level of customization, as it is an on-premise system.
  • Customization needs: If your practice requires a high level of customization, Eaglesoft may be a better choice.
Software Server Infrastructure Cloud Option Customization
Server-based Varies
Eaglesoft On-premise No High
Incurdesk approval queue "Pending Expenses" showing 3 expenses awaiting review, including Dental chair maintenance (Pending), Office supplies (Pending), Software subscription...
Expenses awaiting approval from the office manager (sample data)
What percentage of your dental practice's revenue is spent on practice expenses?
FREE CALCULATOR

When tracking practice expenses for tax purposes, it's essential to understand the rules and regulations that apply to your business. Here are some key points to keep in mind:

When tracking your practice expenses, be sure to keep accurate records of all your business-related expenses.

  • Qualified business income (QBI)

What to Do:

  1. Keep accurate records of all business-related expenses
Incurdesk receipt scan of a Dental Supply Co. receipt for $150.00, read automatically and filed under Office Supplies
A receipt for a dental practice expense (sample data)

Comparison of Dentrix and Eaglesoft for Small Dental Practices

Feature Eaglesoft
Expense tracking and reporting Provides detailed expense tracking and reporting capabilities Offers robust expense tracking and reporting features
Integration with accounting software Integrates with popular accounting software Also integrates with accounting software
Customization options Offers customizable expense categories and reporting Allows users to create custom expense categories
Cost Varies based on the size and needs of the practice
  • Customization needs: If you need to track specific types of expenses, consider Eaglesoft's customizable expense categories.
  • Integration needs: If you use a specific accounting software, ensure that the chosen software integrates with it.
  • Cost: Compare the costs of both software options and choose the one that best fits your practice's budget.
Incurdesk dashboard "Eaglesoft Expense Tracking Features" showing Expense Tracking: Detailed tracking and reporting capabilities, Customization: Customizable expense categories...
Expense tracking and reporting features of Eaglesoft (sample data)
Frequently Asked Questions
Under the Affordable Care Act (ACA), small businesses with 50 or more full-time employees are required to offer health insurance coverage to their employees.

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