1. Profit and Loss Statements: These reports show your income versus expenses, helping you identify profitable services and areas of overspending.
2. Cash Flow Statements: These provide insights into your practice’s liquidity, highlighting periods where cash flow might be tight and offering solutions to bridge gaps.
3. Balance Sheets: These give a snapshot of your assets, liabilities, and equity, helping you understand the financial health of your practice.
4. Trend Analysis: By comparing reports over time, you can spot growth opportunities, forecast future revenue, and make data-driven decisions about hiring, investments, or service offerings.

Trend Analysis: By comparing reports over time, you can spot growth opportunities, forecast future revenue, and make data-driven decisions about hiring, investments, or service offerings.