Choosing which version of QuickBooks is right for you can sometimes be unclear. Up until recently, the choice was obvious and Quickbooks Desktop was easily the best version of Quickbooks. However, over the past 2-3 years Intuit, the developer...
Keep your expenses in check
The challenges of running a business, seeing patients, and staying on top of the financial bottom line can be challenging. Growing your practices top line revenues is critical to the success of growing your practice,...
The end of the year is fast approaching!
Here are some tips to help your year-end accounting process run smoothly. Planning ahead will ensure you have accurate and timely financial statements, facilitate tax preparation, and help you meet filing...
Happy New Year! As another year passes by, we have yet another law passed by Congress to keep an eye on - The SECURE ACT 2.0!
Congress passed a behemoth 4,000+ page omnibus spending bill in December including the long-awaited...
Single Patient Flow
As I go to numerous optometry practices throughout the years I always get one question that keeps coming up in the conversations I have with all the stakeholders in the practice.
How can I increase my current patient...
Credit card processing rates can be confusing!
We often look for the lowest rate, yet usually, rates aren’t “fixed”! When combined with the fact that there are other charges as well, it’s very confusing and difficult to determine your actual...
Have you applied for a practice loan in the last year? Will this be your first time applying for a practice loan?
The fact remains that it can be a daunting task that can raise your anxiety levels. The purpose...
After payroll expenses, the cost for frames, lenses, and contacts is typically a large expense for OD practices, and inventory is often a major asset on the financial statements. Are you confident that your inventory is appropriately managed, and...
It's time to moonlight.....
Cold starting a private practice can require a massive amount of time, perseverance, and most importantly, cash. On average, doctors will require between $200,000 to $300,000 to cover the working capital, equipment and tenant improvement needs...
Mark Twain once said that "If the first thing that you do when you wake up in the morning is to eat a live frog, you'll have the satisfaction of knowing that's probably the worst thing that's going to...