The Body of Accounting Blog

Financial Advice

3 Core Strategies to Help Managers Keep Finances in Check

Dear Dangerously in Love with Your Finances, I am a new MedSpa manager in Phoenix, Arizona. My primary responsibilities as a MedSpa manager include not only leading and inspiring my staff of estheticians, but assisting the company in meeting its financial goals and objectives. This means analyzing and evaluating processes,

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Alternative Medicine

How to Develop a Healthcare Inventory Management System

Dear Dangerously in Love with Your Finances, I am the owner of a Seattle alternative medicine practice. I employ myself (a naturopathic doctor), one medical assistant, and one patient coordinator. Not only do we provide medical services, we also sell supplements. The inventory of supplements has been an issue; usually,

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Behavioral Health

12 Expenses to Know for Your Behavioral Health Business Plan

Dear Dangerously in Love with Your Finances, I am a marriage and family behavioral health therapist in Seattle Washington. After working at a behavioral health group practice for ten years, I decided to take a leap of faith, work for myself, and open my own practice. As a new business

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Dance Studio

3 Tips for How to Survive Inflation

Dear Dangerously in Love With Your Finances, We are a dance and wellness studio that has been in business in Columbus, Ohio, for the past five years. The studio is located in the building that we own. Over the past few months, we have begun to witness increased enrollment. Like

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Financial Advice

How a Healthcare Accountant Can Make Tax Season Stress-Free

Dear Dangerously in Love with Your Finances, I am the owner of a luxury spa in Kansas City MO. We provide a variety of restorative wellness therapies that nurture, heal, and restore the bodies and minds of our clients. This is the fourth year that we have been in practice.

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uncollectible revenue
Alternative Medicine

Uncollectible Revenue

Dear Dangerously in Love With Your Finances, We are a 3 year-old, insurance-based naturopathic family medicine practice located in Oregon. Our staff includes an office manager, a medical assistant, and me. We also have an outside medical billing service taking care of our billing. We have quite a large dollar amount

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Financial Advice

Having Money Ready for Quarterly Tax Payment

Dear Dangerously in Love with Your Finances, Oops, I did it again!! I am a mental health provider – Licensed Marriage and Family Therapist – located in Austin, Texas. As a solo clinician not on the practice payroll, I keep getting into trouble with my taxes: I am not saving

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Financial Advice

Why Is My Net Income Different from My Bank Balance?

Dear Dangerously in Love with Your Finances, We are a private mental health practice located in Oklahoma City; we specialize in addiction to alcohol and drugs. Every month, as the owner, I review the profit and loss statement — it always shows a large profit. However, when I look at our business bank balance, the numbers

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Financial Advice

Answers to the 5 Top Money Questions of Small Business Owners

I’ve answered hundreds of small business accounting questions this year from clients, consults, and through this blog. Instead of responding to a finance query from an entrepreneur this week, I wanted to address some of the biggest issues I’m asked.

Being a business owner is one of the most rewarding jobs in the world, but it’s not for the faint of heart. There is no instruction manual to run your company. It requires research, stamina, support, and confidence.

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