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Books & Benchmarks shares industry-focused articles for optometrists related to managing practice financials.
Profit is Great and All, but Cash Flow is King
During a consultative call recently, I was asked one of my favorite questions: “Why isn't the...
Why 10 Minutes Isn’t Enough for Optometry Practice Bookkeeping
One question we often hear from prospects is, “Why should I pay you each month when I can do my...
In Accounting, “An Ounce of Prevention Is Worth a Pound of Cure”
At Books & Benchmarks, we understand that some optometry practice owners prefer to manage...
Why Books & Benchmarks Doesn’t Accrue Financial Statements
Occasionally, owners will ask us about using an accrual method of accounting versus cash basis. If...
Benchmarking Equipment Costs Is Complicated
On this blog, we’ve been working through all seven key expense areas, and we will cover equipment...
How Much Do Optometry Practices Spend on Marketing?
I once saw a financial report for a practice that used colors to show if their spending was above...
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