All aspects of invoicing, bookkeeping will be reviewed involving both manual and computerized methods to assist with inventory reconciliation, accounts payable, accounts receivable, disbursement analysis, and use of your chart of accounts that could link your practice management application and accounting software better. Policy and procedures for payment terms will examine preventative measures that reduce accounts receivable and facilitate more successful collection efforts.

Understanding reporting tools, analysis for use of key performance indicators, and financial statements to improve your knowledge on how they are to be used to benefit the veterinary practice and be interpreted to make recommendations. Budgeting components can be designed to help you manage different scenarios to learn what will work before implementing the change.

Individualized counselling in the areas of budgeting and cash flow management in order to assist the practice manager in further understanding of the financial implications presented to them will be initiated. The utilization of financial statements as a management tool and cost determination, as well as budget analysis, will be taught using tools introduced.

Download, print and share information on Practice Manager Development

>Download