Entries with the topic Financial Friday.

Use Trailing 12 charts to monitor high impact practice metrics

May 12, 2017 by Edward L. Blach, DVM, MS, MBA

Inventory and related services are the second highest expense category in most practices.  Whether you call it Cost of Goods Sold, or Cost of Professional Services (COPS), this group... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Financial Literacy-Balance Sheet

Apr 27, 2017 by Andrew Clark

Most veterinary businesses can operate very effectively using three financial statements; the income statement (also called the profit and loss statement), the cash flow statement, and the balance sheet.  ... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Financial Literacy-Cash Flow Statement (Statement of Cash Flows)

Apr 14, 2017 by Andrew Clark

Most veterinary businesses can operate very effectively using three financial statements; the income statement (also called the profit and loss statement), the cash flow statement, and the balance sheet.  ... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Financial Literacy-Income Statement also called Profit and Loss Statement (P&L)

Mar 31, 2017 by Andrew Clark

Most veterinary businesses can operate very effectively using three financial statements; the income statement (also called the profit and loss statement), the cash flow statement, and the balance sheet. The... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Financial Literacy-The Purpose of Financial Statements

Mar 24, 2017 by Andrew Clark

Most veterinary businesses can operate very effectively using three financial statements; the income statement (also called the profit and loss statement) the cash flow statement the balance sheet  The... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Financial Literacy-Chart of Accounts

Mar 10, 2017 by Andrew Clark

An integral part of the member service AVMA provides to its members, the AVMA Veterinary Economics Strategy Committee (VESC) is a comprehensive effort to improve the economics of the veterinary... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Six numbers that will help you grow your practice

Mar 3, 2017 by Edward L. Blach, DVM, MS, MBA

Practice financials don't need to be complicated.  Keep them simple, up-to-date, and learn from others who have already done what you want to do.  Start with a... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Manage Your Line of Credit Carefully

Feb 24, 2017 by Andrew Clark

Many veterinary business owners choose to withdraw almost all the cash from the practice at the end of the year.  What this usually means is that the owners use... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Economic Wellness

Feb 17, 2017 by Andrew Clark

I am attending the Veterinary Study Groups Congress, a biennial CE and networking event for Veterinary Management Group members.  As always, the board has selected excellent speakers on timely... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Cash Flow Matters!

Feb 10, 2017 by Andrew Clark

Small Veterinary businesses face different problems than larger practices.  Most of these problems are related to cash availability when the bills come due.  Managing cash flow problems before... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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