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More practice finances articles

Strengthen your practice finances with this basic analysislogin required

November 17, 2016

Analyzing operating data for your practice goes a step further and helps explain your performance, so you can make adjustments and implement strategies to strengthen your finances as needed.

Making the most of your accountantlogin required

November 17, 2016

Many practitioners rely on their accountants' expertise for generating financial statements and preparing tax returns. Yet some psychologists may not take full advantage of the range of accounting services that can help practices thrive.

How to read and use your balance sheetlogin required

November 17, 2016

Your balance sheet (sometimes called a statement of financial position) provides a snapshot of your practice's financial status, detailing your assets, liabilities and equity.

Give your practice a financial check-uplogin required

November 17, 2016

A basic analysis of financial data helps you track the performance of your practice and implement strategies for a sound financial future. This article describes key ratios and indicators to help you begin the process.

Eight tips for trimming your practice expenseslogin required

November 17, 2016

By thinking creatively, making the most of available resources and maximizing efficiency, practitioners can reduce expenses that cut into their profits.

Glossary of financial termslogin required

November 17, 2016

Terms related to the management of your practice's finances.

How to read and use your income statementlogin required

November 17, 2016

This article takes a look at the income statement, a financial report that details the money your practice earns, the expenses it incurs and the resulting profit or loss over a period of time.

Are you using online banking for your practice?login required

November 17, 2016

One online business activity that is growing in popularity is online banking, or using a computer to access financial account information and perform banking transactions through a financial institution’s secure website.

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