In this Financially Adjusted episode, I answer a question I get often: “What should I focus on in my monthly financial reports?”. I break down the essentials of the balance sheet, profit & loss statement, and cash flow statement so you can make informed decisions that grow your chiropractic business. I talk about the most important metric to zone in on each month which is profit margin.
You’ll gain powerful insights with today’s podcast episode that are easy to understand and apply in your chiropractic business!
Join my FREE Facebook Group: FINANCIAL ALIGNMENT FOR CHIROPRACTORS
Resources Mentioned:
- Episodes 11: Understand Your Profit & Loss Like a Boss
- Episode 12: Understand the Meat of Your Balance Sheet
Helpful Resource: Free Estimated Tax Guide
Email me with any questions you’d like answered in future Q&A episodes!
Recommended payroll software (affiliate links):
ADP
GUSTO
QuickBooks Online is my go-to accounting software. Get an amazing discount (30% off for 6 months) when you buy with my affiliate link below.
SIGN UP FOR QUICKBOOKS ONLINE
My favorite budgeting app w/ an amazing free version:
EVERY DOLLAR BUDGETING APP
My preferred business credit card with cash rewards (affiliate link):
If you have healthy behaviors around spending with a credit card, this is a great one to use and earn cash back. It also links up well with QuickBooks Online. If you have unhealthy spending habits with credit cards, please avoid using one! You need to be able to pay it off monthly and not carry a balance. I use this one for my business and it makes paying bills simple.
CAPITAL ONE BUSINESS CREDIT CARD
Check out all my FREE financial resources in one place
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Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.
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