DE's Business Lab: How often should you check P&L statement?

June 22, 2021
This important statement guides dentists in all things about "money in" and "money out." How often you should check it depends on a few factors.

Leading dental CPA Allen Schiff, CFE, CPA, and Dr. Chris Salierno discuss the importance of your practice's profit and loss (P&L) statement. The information on your statement helps you determine how your money is coming in, and what expenses are causing it to go right back out.

How often should you check your P&L statement? Schiff says this differs from dentist to dentist. Here's how often you should be checking your statement.

For more informative chats with key industry experts, visit dentaleconomics/videos. DE's sister website, DentistryIQ, also has a variety of videos available at dentistryiq/videos.

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About the Author

Chris Salierno, DDS | Chief Dental Officer, Tend

Chris Salierno, DDS, is a general dentist from Long Island, New York. He graduated from Stony Brook School of Dental Medicine in 2005. Dr. Salierno lectures internationally on clinical dentistry, practice management, and leadership development. In 2017 he became a chief development officer with the Cellerant Consulting Group, and he was the chief editor of Dental Economics from 2014 to 2021. In 2021, he became the chief dental officer at Tend. He can be reached on Instagram @the_curious_dentist.

Updated May 13, 2022