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Books & Benchmarks shares industry-focused articles for optometrists related to managing practice financials.
Breaking (Out Payroll) Is Hard to Do
One reason why Books & Benchmarks insists on doing bookkeeping for optometry practices is to ensure that wages and...
Your Frame Budget Shouldn’t Limit Your Frame Spending
Last week, I shared how a practice asked us to split their Maui Jim bill between plano and Rx work so they could more...
Don’t Bring a Personal Budget Mindset to Your Practice Budget
The other week, one of our Books & Benchmarks clients came to us with a unique request. They wanted to split their...
How Should You Account for Rebates?
Rebates are like door prizes practices get for showing up and doing business with the various vendors that supply us...
A Simple Way to Understand Practice Overhead and Profitability
After reviewing financial statements from over 1,000 different practices, it’s no surprise to me what owners say about...
Best Practices: Keep Your Personal Finances Separate from Your Practice
At Books & Benchmarks, as we categorize and reconcile our clients’ bank and credit card accounts each month, we...
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