Question about Dentist Salary & Overhead

[checkamundo]

---

Members do not see this ad.

I've read some of these threads about how much dentists gross and the overhead that they have. What exactly is included in overhead? Are taxes and rent or mortgage for the business part of overhead or is the dentist's salary = gross - overhead - taxes - mortgage ?

Thanks

 

[DcS]

Average Gross Collections - Total Expenses = Total Profit

Total Expenses (the sum of the following): Occupancy cost, clerical wages, non-operating supplies and expenses, clinical wages, professional supplies.

Detailed breakdown of total expenses:

Occupancy Cost: The total cost of the practice facility. Rent, utilities (heat, light, power, water), repairs, maintenance, depreciation of equipment, amortization of the leasehold improvements, rental cost of equipment if leased

Clerical Wages:Wages, payroll taxes, medical insurance, medical reimbursement and other fringe benefits (not including retirement plan contributions which are considered profit)

Non-Operating Supplies and Expense: Office supplies, office expense, drugs and Rxs, auto expense, general taxes, general practice insurance, telephone, interest, travel, entertainment, legal and accounting, continuing ed, collection expense, miscellaneous expenses

Clinical Wages: Same expenses as for clerical wages, except for clinical staff

Professional Supplies: All supplies used in treatment of patients, lab fees, wages for internal lab employees (plus employee benefits), other costs of operating internal lab.

Total Expenses: Total of above costs

Source: The McGill Advisory, 2004 Annual Practice Profitability Survey.

This article has the above information for GP and all specialties for 2004.

 

[gator1210]

When people say 60% overhead, I believe that overhead includes everything the owner (or dentist) pays out of the gross. So i think when people say overhead of 60%, that means the dentist gets 40% of gross.


Correct me if Im wrong.

Cheers

 

[hockeydentist]

Average Gross Collections - Total Expenses = Total Profit

Total Expenses (the sum of the following): Occupancy cost, clerical wages, non-operating supplies and expenses, clinical wages, professional supplies.

Detailed breakdown of total expenses:

Occupancy Cost: The total cost of the practice facility. Rent, utilities (heat, light, power, water), repairs, maintenance, depreciation of equipment, amortization of the leasehold improvements, rental cost of equipment if leased

Clerical Wages:Wages, payroll taxes, medical insurance, medical reimbursement and other fringe benefits (not including retirement plan contributions which are considered profit)

Non-Operating Supplies and Expense: Office supplies, office expense, drugs and Rxs, auto expense, general taxes, general practice insurance, telephone, interest, travel, entertainment, legal and accounting, continuing ed, collection expense, miscellaneous expenses

Clinical Wages: Same expenses as for clerical wages, except for clinical staff

Professional Supplies: All supplies used in treatment of patients, lab fees, wages for internal lab employees (plus employee benefits), other costs of operating internal lab.

Total Expenses: Total of above costs

Source: The McGill Advisory, 2004 Annual Practice Profitability Survey.

This article has the above information for GP and all specialties for 2004.

thanks for the info!

 

[aphistis]

Average Gross Collections - Total Expenses = Total Profit

Total Expenses (the sum of the following): Occupancy cost, clerical wages, non-operating supplies and expenses, clinical wages, professional supplies.

Detailed breakdown of total expenses:

Occupancy Cost: The total cost of the practice facility. Rent, utilities (heat, light, power, water), repairs, maintenance, depreciation of equipment, amortization of the leasehold improvements, rental cost of equipment if leased

Clerical Wages:Wages, payroll taxes, medical insurance, medical reimbursement and other fringe benefits (not including retirement plan contributions which are considered profit)

Non-Operating Supplies and Expense: Office supplies, office expense, drugs and Rxs, auto expense, general taxes, general practice insurance, telephone, interest, travel, entertainment, legal and accounting, continuing ed, collection expense, miscellaneous expenses

Clinical Wages: Same expenses as for clerical wages, except for clinical staff

Professional Supplies: All supplies used in treatment of patients, lab fees, wages for internal lab employees (plus employee benefits), other costs of operating internal lab.

Total Expenses: Total of above costs

Source: The McGill Advisory, 2004 Annual Practice Profitability Survey.

This article has the above information for GP and all specialties for 2004.

Nice. 👍

 

[diagnodent]

Also, please remember that overhead had many expenses that you can deduct for business but use at home.

Car, insurance, gas
house cleaners
computers
cameras
etc.

It can add up to thousands of dollars a year but are expenses or direct deductions.

Overhead is a tricky subject based on how good your accountant is at deducting.

 

[toofache32]

Also, please remember that overhead had many expenses that you can deduct for business but use at home.

Car, insurance, gas
house cleaners
computers
cameras
etc.

...alimony after bangin the hygienist...

 

[darius99]

Average Gross Collections - Total Expenses = Total Profit

Total Expenses (the sum of the following): Occupancy cost, clerical wages, non-operating supplies and expenses, clinical wages, professional supplies.

Detailed breakdown of total expenses:

Occupancy Cost: The total cost of the practice facility. Rent, utilities (heat, light, power, water), repairs, maintenance, depreciation of equipment, amortization of the leasehold improvements, rental cost of equipment if leased

Clerical Wages:Wages, payroll taxes, medical insurance, medical reimbursement and other fringe benefits (not including retirement plan contributions which are considered profit)

Non-Operating Supplies and Expense: Office supplies, office expense, drugs and Rxs, auto expense, general taxes, general practice insurance, telephone, interest, travel, entertainment, legal and accounting, continuing ed, collection expense, miscellaneous expenses

Clinical Wages: Same expenses as for clerical wages, except for clinical staff

Professional Supplies: All supplies used in treatment of patients, lab fees, wages for internal lab employees (plus employee benefits), other costs of operating internal lab.

Total Expenses: Total of above costs

Source: The McGill Advisory, 2004 Annual Practice Profitability Survey.

This article has the above information for GP and all specialties for 2004.

future dmd/mba?? haha

 

[checkamundo]

bump