Unique Veterinary Clinic Financial Statements

Your veterinary hospital profit and loss statement aka income statement or PL is a good starting point for revenue and expense analysis.

Veterinary clinic financial statements. In most hospitals PL statements revenue is only displayed as a single number called something like Fees-professional services. Profit and Loss P. The monthly break-even point is 30000.

If you do create your own financial statements you may find it easiest to. Complete financial statements are usually prepared annually but the income statement PL should be reviewed on a monthly or a quarterly basis. Your medical supplies and office supplies should account for 5-6 and 1-2 of your expenses respectively.

Download Resource PDF httpsjoomag40pI. Many of these residents are elderly with multiple pets. For Practice A their PL Looks like this.

Veterinary Assistants 2 0. We base our financial statements on the AAHA chart of accounts individualized to your specific practice including details on your profit centers. In January both practices receive a 100 water bill 5000 electric bill and 700 phoneinternet bill.

We differ from your typical CPA because we only work with veterinary practices. Payroll and benefits should account for 28-32 depending on benefits while your facility may take up 8-11. Low to high Sort by price.

Marketing may take up 3 to as much as 10-12 for start-up practices. Get detailed data on venture capital-backed private equity-backed and public companies. Veterinary clinic financial statements Sort by popularity Sort by average rating Sort by latest Sort by price.