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.
This video first appeared in the DE Weekend newsletter. To subscribe, visit dentistryiq.com/subscribe.
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