How Long Until My Therapy Practice Is Profitable?
Khaled Albadawi
29 May 2025
Get the real talk on how long until your therapy practice is profitable and have realistic plans and expectations set.
TL;DR Accounting Blog
Cash vs. Accrual Accounting for Therapists
Khaled Albadawi
03 October 2024
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.
What Are Monthly Reports?
Toni Cameron
15 April 2021
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.
Keeping Annual Meeting Minutes for Your PLLC/LLC
Toni Cameron
24 March 2021
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?”
Federal Taxes Are Not a Tax Deduction
Toni Cameron
03 February 2021
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
Basic Financial Terms Every Business Owner Should Know
Toni Cameron
14 October 2020
“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
The Balance Sheet for Therapists
Toni Cameron
10 September 2020
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
The Profit & Loss Statement for Therapists
Toni Cameron
03 September 2020
“… 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
What are Financial Statements and why do I care?
Toni Cameron
04 March 2015
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
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