Understanding cash vs. accrual accounting for therapists is crucial for managing your finances. Discover the pros and cons of each method and learn how to choose the best approach for your practice.
Yet another asteroid hits your ship, shaking the giant machine. You and your crewmates brace yourselves against the nearest bulkhead (wall) and almost fall over.
Deposition Reporter: [reading off paper] “Mr. Scott, do you realize you just contradicted yourself?” “I did?” “Yes you did.” “Can I go to the bathroom?”
Do you remember the IRS mantra for determining if a business expense is deductible? We’ll give you a hint: it’s the acronym RON. Business expenses
“You keep using that word. I do not think it means what you think it means.” ~ Inigo Montoya, The Princess Bride It’s entirely conceivable
We’ve previously covered the Profit & Loss Statement for Therapists, so now it’s time to unpack another important statement: the Balance Sheet. Think of running
“… a wiser fella than m’self once said, sometimes you eat the bar and sometimes the bar, well, he eats you.” The Stranger from “The
Let’s get to the most important part first, namely why you should care about your financial statements. Your financial statements show how your business is
