Episode Details

Kiera walks listeners through five steps to understanding a profit and loss statement:

1. Know the structure

2. Follow the revenue streams

3. Track your spending

4. Calculate the ratios

5. Set financial goals

Episode resources:

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Transcript

Kiera Dent (00:03.726)

Hello, Dental A Team listeners. This is Kiera. And today I just wanted to empower you with, if you're in the boat of struggling to understand your P &L, struggling to understand how to truly master your dental finances, you're not alone. This is common. This is what I'm obsessed with helping dental practices truly understand. And today I want to break it down into five simple steps to give you clarity, control, to really be able to understand your dental practice finances. So today,

I just wanted to let you know that when you understand your PNL, which is a profit and loss statement, it helps you just be able to know which metrics to move to understand how can I actually create better decisions to feel more empowered with my numbers. And so I want you just to know that there's five simp