The sum of your practice's current and long-term liabilities. Total Liabilities can be found on your Balance Sheet. Total Revenue

An account that cannot be collected because the client or payer is not able or willing to pay. For financial calculations, such as Days Cash on Hand, consider using an estimate of uncollectibles based [..]

Money collected or that you expect to collect for providing services. Revenues can be found on your Income Statement. Total Assets

Revenue generated from the day-to-day operations of your practice. Operating Revenue can be found on your Income Statement. Profit (also known as net income or earnings)

The difference between total revenue and total expenses. Net Income is the same as Net Profit and reflects your revenues adjusted for the cost of running your practice, depreciation, interest, taxes, [..]

Long-term assets that are not expected to be turned into cash, sold, or consumed during the coming year. Fixed Assets include buildings, land, equipment, and certain types of furniture. Fixed Assets c [..]

The amount of your practice's total assets you actually own (i.e., not financed with debt). Depending on the legal model and ownership of your practice, equity may be referred to as net assets, s [..]

Money owed to you by clients or other payers for services you have performed. Accounts Receivable is a current asset that can be found on your Balance Sheet. Assets

An itemized financial statement that lists assets, liabilities, and equity. A Balance Sheet represents your practice's overall financial position at a given point in time. Current Assets

Amount to be paid within one year for salaries, accounts payable, interest, and other debts. Current Liabilities can be found on your Balance Sheet. Depreciation