Leading dental CPA Allen Schiff, CFE, CPA, and Dr. Chris Salierno discuss the importance of your practice's profit and loss (P&L) statement. The information on your statement helps you determine how your money is coming in, and what expenses are causing it to go right back out.
How often should you check your P&L statement? Schiff says this differs from dentist to dentist. Here's how often you should be checking your statement.
Chris Salierno, DDS, is the chief editor of Dental Economics and the editorial director of the Principles of Practice Management and Group Practice and DSO Digest e-newsletters. He is also a contributing author for DentistryIQ and Perio-Implant Advisory. He lectures and writes about practice management and clinical dentistry. He maintains a blog to answer patient questions at ToothQuest. Dr. Salierno maintains a private general practice in Melville, New York. You may contact him at [email protected].
