Full cycle bookkeeping refers to the process of recording all financial activities within a business for a determined reporting period producing a complete set of financial statements.
Full cycle bookkeeping will give you a complete view of your clinics financial wealth. Comparative profit and loss statements can be produced so that you can see the difference in percentages between certain months or years. Obtaining your current and historical financial data will enable you to set a realistic budget for your clinic. With guidelines in place, you and your manager can keep spending in control.
Full Cycle Bookkeeping