Dental Practice Accounting 201: Fixed Costs, Variable Costs, and Breakevens
- by Wes Read CPA, CFP®
- June 14, 2020
Let's dive deeper into the accounting for a dental practice. I know, you're thinking why do I need to understand accounting? That's why I have my CPA. Wrong. Accounting is the financial xRay of the health of your practice, and nobody will ever care about it as much as you. In this video, we'll explain the difference between fixed and variable costs, and review one of the most important financial topics for you: Your practice break even.
Resources
Profit and Loss Analysis Activity Module
Associates. When you’re a practice owners, you’ll need to know how to read your dental financial statements. These days, being […]
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Sample Dental-Specific Profit and Loss Statement
If your bookkeeper or CPA isn’t dental specific, here is a sample financial statement you can provide to help them […]
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Goals Based Break-Even Calculator
What do you need to collect in your office to (1) pay your overhead, debt, and taxes, (2) pay your […]
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