Entries by Andrew Clark.
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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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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Encore: Pay Yourself First
Jan 27, 2017 by Andrew Clark
Its “Financial Friday” again! In the past 5 years I have had the good fortune to do some consulting work for a national branding and marketing firm. ... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Financial Friday
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Review Your Practice’s 2016 Financial Performance
Jan 20, 2017 by Andrew Clark
It is January 20th and most veterinary businesses have their year-end 2016 financial statements out by now. As soon as your financials are available, take some time to review... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Financial Friday
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