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Happy Valentine's Day! Your accountant is probably not the first person you think of on February 14th, but in honor of this holiday, I give you three key reasons to love your accountant: We enable you to make better business...
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...
Note: This article is the second in a two-part series on achieving better cash flows for your practice. See the first article @ https://odsonfb.com/category/practice-management/accounting-and-finance/ which defines Cash Flow and why it's important to understand, as well as how to...
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...
This article provides a general overview of the new Section 199A tax provision and its potential impact to OD practices. As of the date of this blog, business owners and their tax advisors are still seeking clarity about its...
As the head of an outsourced accounting firm that serves OD practices and other small and medium-sized businesses, my new clients are often amazed by the results of our onboarding process. We usually find a number of gaps in...
A new OD struggles with the best way to pay off her students loan. While there are several options for repayment, she polls the group to get their opinion and some guidance. The real decision is what will serve...
There is a budget that is created for each space within a building. This allows the landlord to set goals for the building and will ultimately determine how much they ask for in rent and give in leasing concessions....
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...
Do you ever feel like the mountain of paperwork on your desk is keeping you from what matters most in your practice? When I first bring new clients on board, I find that many of them spend a lot of...
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