In this presentation, Jackie Shoemaker will discuss the components necessary to maintain a financially healthy practice. Keeping a pulse on your practice requires going beyond the scope of what your CPA covers to gain a deeper comprehension of orthodontic accounting. The goal is to help you acquire an understanding of how a consultant analyzes a practice for cash flow success so that you can uphold the financial strength of your practice.
Investigating the nuances of your practice management software that may provide inaccurate accounting figures so that you may correct them.
Understanding the definitions and ratios for orthodontic accounting and their potential for distortion.
Monitoring components of the accounting audit trail on a monthly or quarterly basis.