Take a Snapshot of Practice Finances
Create a Balance Sheet -- This report displays the financial status of the practice on a selected date. The two parts of the balance sheet must equal each other: assets (what the practice owns) = liabilities (what it owes) + shareholder equity (what the owners have invested in the practice, including retained earnings).
Create an Income Statement -- An income statement is a report that lists the practice's revenue, expenses, and net income (or loss) during the time period reported.
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This Patient-Centered Medical Home section of the AAFP web site was supported in part by a grant from Merck & Co.
This Patient-Centered Medical Home section of the AAFP web site was supported in part by a grant from Merck & Co.
Take a Snapshot of Practice Finances
