Your Practice's Monthly Health Checkup

Your Practice's Monthly Health Checkup

Your pets shouldn't go a year without a checkup and your practice shouldn't go a month without one either.  That means reviewing your financial statements every month!  Easier said then done when you have no idea how to analyze those sheets full of numbers.  So let's keep things simple shall we?  I've listed three or four numbers from each financial statement to keep a close eye each month.  Read on to make sure you're looking at the right numbers each month.

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Understanding the Income Statement

Understanding the Income Statement

Today we continue our three part blog series explaining the financial statements that your bookkeeper or accountant present you with at the end of the month or quarter.  We'll be going over the income statement today, which is also called the profit and loss statement, statement of operations or statement of income.

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