Budgeting: Veterinary Chart of Accounts

February 22, 2017

Leslie A. Mamalis, MBA, MSIT, CVA, owner of Summit Veterinary Advisors, talks about why it is so important to have your financial statements set up on a veterinary chart of accounts.

Leslie A. Mamalis, MBA, MSIT, CVA, owner of Summit Veterinary Advisors, talks about why it is so important to have your financial statements set up on a veterinary chart of accounts. She explains that this type of chart of accounts sets up your income and expenses in a logical way for a veterinary practice instead of some other type of business. A standard chart of accounts will not work for veterinary practices because most of the expense is in cost of goods and in staff, not in advertising or legal.