by Nathan Hayes | Aug 23, 2025 | Budgeting, Cash Flow & Cash Management, Financial Operations
During a recent financial review with a client, one of our optometry bookkeepers was surprised when I praised the practice owner for investing extra cash instead of aggressively paying down debt. Disclosure: We are not Certified Financial Planners (CFP) at Books...
by Nathan Hayes | May 24, 2025 | Accounts Receivable/RCM, Budgeting, Financial Operations, Internal Audit, Risk Management & Financial Security, Tax Prep
This week, I had the opportunity to attend an annual event hosted by the Southern College of Optometry that celebrates recent graduates who have taken the leap into practice ownership. These young owners told their stories, from graduation to starting a...
by Nathan Hayes | Mar 29, 2025 | Budgeting, Cash Flow & Cash Management, Financial Operations, Risk Management & Financial Security
I recently spoke with a young optometrist who wants to buy the practice he’s working at without taking on any debt. He had a tough time with consumer debt after optometry school and understandably never wanted to feel over-stretched like that again. I...
by Nathan Hayes | Mar 1, 2025 | 7 Key Expense Areas, Budgeting, Financial Operations, Internal Audit, Risk Management & Financial Security
It’s the beginning of the year, which means many Books & Benchmarks clients are asking to review their 2024 results. It’s a fun time because that means I get to celebrate their successes and talk about what’s next for their practices and how they can increase...
by Nathan Hayes | Mar 30, 2024 | 7 Key Expense Areas, Budgeting, Financial Operations, Non-OD Staff Compensation, OD Compensation
At Books & Benchmarks, we’re always looking for ways to streamline our operations and be more efficient. In working with over 100 practices across the country, we’ve seen firsthand the challenges optometry practices face in financial management. ...
by Nathan Hayes | Mar 23, 2024 | 7 Key Expense Areas, Budgeting, Financial Operations, Non-OD Staff Compensation, OD Compensation
One reason why Books & Benchmarks insists on doing bookkeeping for optometry practices is to ensure that wages and benefits are grouped by Non-OD Staff, Owner ODs, and Associate ODs. This week, let’s briefly discuss why Books & Benchmarks breaks out wages and...
