A veterinary practice has several operational issues that call for unique accounting solutions. In the Accounting for Veterinary Practices course, we cover the need for practice-specific controls, as well as profit center reporting for each of its revenue-generating areas. We also note the accounting for all major practice areas, including payroll, fixed assets, billings, and payables, with extensive coverage of how to close the books.
Learning Objectives
Upon successful completion of this course, participants will be able to:
The Chart Accounts
The Income Statement
Sale Tax Remittances
Accounting for Fixed Audit
Accounting for the Cost of Goods Sold
Accounting for Payroll Transactions
Closing Books
Veterinary Practice Financial Analysis
Cost Control
Fraud Indicators
Major Topics
The Chart of Accounts
The Purpose of Financial Statements
Cash Basis vs. Accrual Basis Accounting
Billing and Collection Activities
Processing Expense Reports
Accounting for Payroll Transactions
Closing the Books
Veterinary Practice Financial Analysis
Cost Control
