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Your First Month: Accounting and Financial Statements

  • by Wes Read CPA, CFP
  • August 21, 2020

Establishing your accounting system may sound like you're about to "count beans." However, those beans represent the outcome of your hard work. Your accounting system is the backbone of your financial data. That data will be used to determine how much you owe in taxes. But even more importantly, that data will tell you a story about the financial health of your practice. In this video, we look at some important concepts when establishing the accounting system for your dental office.

Resources

Business Plan for Dental Practice Owners

Business Plan for Dental Practice Owners

Explosively successful practice owners treatment plan their own business. This resource will help you build out your business plan as […]

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Goals Based Break-Even Calculator

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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Practice Purchase Checklist

Practice Purchase Checklist

When you buy a dental practice, it’s easy to loose track of everything you need to get done. This resource […]

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Profit and Loss Analysis Activity Module

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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