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Books & Benchmarks shares industry-focused articles for optometrists related to managing practice financials.
Bonuses Part 2: When to Use Them, How to Structure Them, and How to Account for Them
Last week, we discussed the limits of using bonuses to motivate staff and influence their behavior. (Read the Bonuses...
Bonuses Part 1: Do They Work?
This week, I had a series of conversations with both Books & Benchmarks clients and bookkeepers about employee...
What is “Normal” for Non-OD Staff Wages?
Wages, when doctors and staff are taken together, are almost always the largest expense for private practices’...
How Much Financial Data Should You Share With Your Staff?
At this point, most optometry practice owners will agree that sharing metrics and results with your team can help...
What’s “Normal” for Cost of Goods Sold?
The wholesale cost of the products your practice sells—glasses, contacts, and other accessories—is a frequently...
Should You Use a Separate Checking Account for Payroll?
At Books & Benchmarks, we’re always looking for ways to streamline our operations and be more efficient. In...
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