Entries with the topic Financial Friday.
Don’t financials have to be complicated? No they do not.
Jul 7, 2017 by Edward L. Blach, DVM, MS, MBA
Financial statements are the measuring stick for the financial results of a business. Very commonly, veterinarians tell me privately that they wish they knew more about financial analysis and... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Management ,Financial Friday
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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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