Entries with the topic Financial Friday.

Profit and Cash are Not The Same

Apr 29, 2016 by Andrew Clark

Unfortunately, I often hear the managing partner of a veterinary business say “I don’t understand what is wrong.  At the end of the year, our accountant... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Develop Accurate Bookkeeping Habits

Apr 22, 2016 by Andrew Clark

Strive to consistently record financial results in the same file every month.  Imagine what would happen if every once in a while your lab recorded BUN results in the... [ Continue Reading ]

Topics: Featured 3 ,Administration ,Finance ,Financial Friday

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Use Key Performance Indicators to Monitor the Health of Your Practice

Apr 17, 2016 by Edward L. Blach, DVM, MS, MBA

Portions of this article are reprinted from an article previously published by this author in Henry Schein's Animal Health Solutions and recently republished by VetAdvantage.  To see the... [ Continue Reading ]

Topics: Featured 2 ,Getting Started ,Management ,Optimize Inventory and Suppliers ,Team Tuesday ,Supplier Wednesday ,Financial Friday

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Treat Your Practice Like a Patient

Apr 15, 2016 by Andrew Clark

When you look at lab results on a veterinary patient, you look at a summary page that you can scan efficiently to make your diagnostic or treatment decision.  You... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Review financials regularly and timely

Apr 8, 2016 by Edward L. Blach, DVM, MS, MBA

To ensure a healthy practice, it is crucial to have access to up-to-date financial information and metrics.  Metrics are key performance indicators that help you monitor the health of... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Learn to read the financial story of a practice

Apr 1, 2016 by Andrew Clark

Imagine financial statements as a 3 to 12 page book that tells the financial story of a business.  Everybody has time to read and understand a 12 page book!  The table... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Manage your P&L

Mar 25, 2016 by Edward L. Blach, DVM, MS, MBA

Your P&L is an accounting of revenues and expenses over a specific period of time.  In order to understand and intepret your P&L, you should... [ Continue Reading ]

Topics: Featured 2 ,Finance ,Financial Friday

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Financials:  To start, keep it simple

Mar 18, 2016 by Edward L. Blach, DVM, MS, MBA

To get started with financials, keep it simple.  Eventually, you'll want to have three common financial statements:  a) income statement, b) statement of cash flow, and c)... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Financial Friday will help you get your financials in order

Mar 5, 2016 by Andrew Clark

Financial Friday - March 4, 2016 The mission of www.ismypracticehealthy.com is to lead our readers on an educational journey, presenting weekly veterinary business knowledge using brief, easily understandable, impactful management... [ Continue Reading ]

Topics: Finance ,Financial Friday

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