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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The Cash Flow Statement in a Nutshell

The Cash Flow Statement in a Nutshell

The third and final financial statement that you will receive from your bookkeeper or CPA is the statement of cash flows.  This statement will show how your practice spends its money and where that money is coming from.  Now why is this statement important?  This statement is probably the most transparent financial statement.

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