by Nathan Hayes | Jun 15, 2024 | Cash Flow & Cash Management, Financial Operations
I have seen a few cases lately where Books & Benchmarks clients tried to handle tight cash flow by using multiple checking accounts to budget for expenses. But does this strategy actually work? This week, let’s discuss some causes of tight cash flow, the...
by Nathan Hayes | Jan 27, 2024 | Budgeting, Cash Flow & Cash Management, Financial Operations, Practice Management, Risk Management & Financial Security
At Books & Benchmarks, as we categorize and reconcile our clients’ bank and credit card accounts each month, we are constantly learning what works best for our clients. One area that will consistently cause more work for you, your bookkeeper, and your CPA is...
by Nathan Hayes | Jan 13, 2024 | Cash Flow & Cash Management, Financial Operations
Profitability is kind of a big deal. It can also be hard to define, as anyone who follows optometric Facebook groups has seen. Let’s talk about how Books & Benchmarks helps owners understand their own practice’s profitability with accurate, thorough...
by Nathan Hayes | Dec 30, 2023 | Cash Flow & Cash Management, Financial Operations, Leadership & Management, Practice Management, Tax Prep
In the world of personal finance advice, there’s an adage that says you should “pay yourself first.” This means prioritizing personal savings and investing before spending money on personal needs and wants. In a business context, it’s not as simple...
by Nathan Hayes | Dec 2, 2023 | Cash Flow & Cash Management, Financial Operations, Practice Management
Cash management is a lot like the story of Goldilocks and the Three Bears. If you keep too little cash on hand, you’ll have some “exciting” weeks when both the payroll and distributor bills are due. But if you keep too much, you miss out on the...
