Ep724 | A Simple Business Finance Set Up

In this episode, Doc Danny emphasizes the importance of proper financial management for cash-based or hybrid physical therapy practices. Sharing his past mistakes, he explains that simply comparing monthly bank balances can overlook key variables like delayed payments and expenses. He advocates for regular financial meetings to review all financial aspects, and describes a 4-account system to simplify tax management by separating business and personal finances, setting aside tax funds, and automating transfers. Doc Danny offers practical advice to enhance financial management skills and ensure the long-term success of physical therapy practices.

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