The Body of Accounting Blog

mental health practice
Mental Health Practice

Are you losing money in your mental health practice?

Dear Dangerously in Love with Your Finances, We are a mental health practice located in Dallas, Texas, with in-house counselors, psychologists, and psychiatrists on staff. I am one of three partners who acquired the mental health and counseling center two years ago. I recently started digging deep into the business

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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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