Finance

Play your cards right

Take care when choosing a credit card processor or switching to another one. Fees, rates and contracts vary by company.

Finance

Be a number cruncher

Analyzing income-to-expense ratios will help unlock profits. A detailed chart of accounts and benchmark reports are good starting places.

Finance

Get Personal About your Finances

You should have short- and long-term goals and know how to achieve them.

Finance

Secure Your Financial Future

In situations where a practice owner is selling and leasing to an associate, the seller must make sure to receive personal guarantees of the lease payments from all partners of the entity signing the document.

Finance

5 ways to better manage labor

Having detailed job descriptions for each employee — DVMs, nurses, groomers, kennel workers and front-desk employees — is important.

Finance

What you need to know about 2018 taxes

Business owners would be wise to read up on the federal Tax Cuts and Jobs Act or ask their tax professional for guidance.

Finance

Think twice

Before you put more money into your practice, evaluate how quickly the investment will contribute to the bottom line.

Finance

A balancing act

You need to strike a balance between having enough cash to pay your bills each month and meet unexpected expenses, but not having so much cash that you are not utilizing your assets effectively.

Finance

An inside job

Many embezzlements occur because a practice has not implemented appropriate internal controls.

Finance

Discounts? No!

If you discount your services to senior citizens, military members or firefighters, just stop. Instead, grandfather these clients by continuing their discount, but do not offer one to new clients.

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