#43: WHAT TO FOCUS ON IN YOUR MONTHLY FINANCIAL REPORTS
03/13/25 • 23 min
In this Financially Adjusted episode, I answer a question I get often: “What should I focus on in my monthly financial reports?”. I break down the essentials of the balance sheet, profit & loss statement, and cash flow statement so you can make informed decisions that grow your chiropractic business. I talk about the most important metric to zone in on each month which is profit margin.
You’ll gain powerful insights with today’s podcast episode that are easy to understand and apply in your chiropractic business!
Join my FREE Facebook Group: FINANCIAL ALIGNMENT FOR CHIROPRACTORS
Resources Mentioned:
- Episodes 11: Understand Your Profit & Loss Like a Boss
- Episode 12: Understand the Meat of Your Balance Sheet
Helpful Resource: Free Estimated Tax Guide
Email me with any questions you’d like answered in future Q&A episodes!
Recommended payroll software (affiliate links):
ADP
GUSTO
QuickBooks Online is my go-to accounting software. Get an amazing discount (30% off for 6 months) when you buy with my affiliate link below.
SIGN UP FOR QUICKBOOKS ONLINE
My favorite budgeting app w/ an amazing free version:
EVERY DOLLAR BUDGETING APP
My preferred business credit card with cash rewards (affiliate link):
If you have healthy behaviors around spending with a credit card, this is a great one to use and earn cash back. It also links up well with QuickBooks Online. If you have unhealthy spending habits with credit cards, please avoid using one! You need to be able to pay it off monthly and not carry a balance. I use this one for my business and it makes paying bills simple.
CAPITAL ONE BUSINESS CREDIT CARD
Check out all my FREE financial resources in one place
Follow me on social media:
Facebook
Instagram
LinkedIn
Pinterest
Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.
In this Financially Adjusted episode, I answer a question I get often: “What should I focus on in my monthly financial reports?”. I break down the essentials of the balance sheet, profit & loss statement, and cash flow statement so you can make informed decisions that grow your chiropractic business. I talk about the most important metric to zone in on each month which is profit margin.
You’ll gain powerful insights with today’s podcast episode that are easy to understand and apply in your chiropractic business!
Join my FREE Facebook Group: FINANCIAL ALIGNMENT FOR CHIROPRACTORS
Resources Mentioned:
- Episodes 11: Understand Your Profit & Loss Like a Boss
- Episode 12: Understand the Meat of Your Balance Sheet
Helpful Resource: Free Estimated Tax Guide
Email me with any questions you’d like answered in future Q&A episodes!
Recommended payroll software (affiliate links):
ADP
GUSTO
QuickBooks Online is my go-to accounting software. Get an amazing discount (30% off for 6 months) when you buy with my affiliate link below.
SIGN UP FOR QUICKBOOKS ONLINE
My favorite budgeting app w/ an amazing free version:
EVERY DOLLAR BUDGETING APP
My preferred business credit card with cash rewards (affiliate link):
If you have healthy behaviors around spending with a credit card, this is a great one to use and earn cash back. It also links up well with QuickBooks Online. If you have unhealthy spending habits with credit cards, please avoid using one! You need to be able to pay it off monthly and not carry a balance. I use this one for my business and it makes paying bills simple.
CAPITAL ONE BUSINESS CREDIT CARD
Check out all my FREE financial resources in one place
Follow me on social media:
Facebook
Instagram
LinkedIn
Pinterest
Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.
Previous Episode
#42: HOW TO CREATE YOUR MONEY ALLOCATION PLAN
In this episode of Financially Adjusted, I break down the exact steps to create a Money Allocation Plan (MAP) for your chiropractic business. A MAP is more than just a budget—it’s a strategic way to direct your revenue to align with your business and life goals. If you've ever felt like your money is slipping through your fingers, this episode is your guide to taking control in just 4 simple steps!
Resources Mentioned:
- Episodes 11: Understand Your Profit & Loss Like a Boss
- Episode 12: Understand the Meat of Your Balance Sheet
- Episode 36: How Much to Bring Home vs. Leave in the Business
- Budgeting Tutorial
Helpful Resource: Free Estimated Tax Guide
Email me with any questions you’d like answered in future Q&A episodes!
Recommended payroll software (affiliate links):
ADP
GUSTO
QuickBooks Online is my go-to accounting software. Get an amazing discount (30% off for 6 months) when you buy with my affiliate link below.
SIGN UP FOR QUICKBOOKS ONLINE
My favorite budgeting app w/ an amazing free version:
EVERY DOLLAR BUDGETING APP
My preferred business credit card with cash rewards (affiliate link):
If you have healthy behaviors around spending with a credit card, this is a great one to use and earn cash back. It also links up well with QuickBooks Online. If you have unhealthy spending habits with credit cards, please avoid using one! You need to be able to pay it off monthly and not carry a balance. I use this one for my business and it makes paying bills simple.
CAPITAL ONE BUSINESS CREDIT CARD
Check out all my FREE financial resources in one place
Follow me on social media:
Facebook
Instagram
LinkedIn
Pinterest
Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.
Next Episode
#44: TAX SEASON WITHOUT THE STRESS: HOW TO ALWAYS BE PREPARED
Many chiropractors love what they do but struggle with managing their business finances—especially taxes. In this episode of Financially Adjusted, I break down how to avoid getting hit with a surprise tax bill. I’ll cover:
- The basics of business taxes and how they impact you
- A common tax pitfall to avoid
- Why saving 25-30% of your net profit is crucial
- The importance of tracking your profit & loss each month
- Action steps you can take today to get ahead of your taxes
Join my FREE Facebook Group: FINANCIAL ALIGNMENT FOR CHIROPRACTORS
Resources Mentioned:
Helpful Resource: Free Estimated Tax Guide
Email me with any questions you’d like answered in future Q&A episodes!
Recommended payroll software (affiliate links):
ADP
GUSTO
QuickBooks Online is my go-to accounting software. Get an amazing discount (30% off for 6 months) when you buy with my affiliate link below.
SIGN UP FOR QUICKBOOKS ONLINE
My favorite budgeting app w/ an amazing free version:
EVERY DOLLAR BUDGETING APP
My preferred business credit card with cash rewards (affiliate link):
If you have healthy behaviors around spending with a credit card, this is a great one to use and earn cash back. It also links up well with QuickBooks Online. If you have unhealthy spending habits with credit cards, please avoid using one! You need to be able to pay it off monthly and not carry a balance. I use this one for my business and it makes paying bills simple.
CAPITAL ONE BUSINESS CREDIT CARD
Check out all my FREE financial resources in one place
Follow me on social media:
Facebook
Instagram
LinkedIn
Pinterest
Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.
Financially Adjusted - #43: WHAT TO FOCUS ON IN YOUR MONTHLY FINANCIAL REPORTS
Transcript
What's up my chiropractor friend, Thank you for tuning in today and if you're new to me and the podcast welcome. I'm bringing helpful and actionable financial tips to you every Thursday so be sure to subscribe wherever you listen, so you don't miss a thing. It's my goal to help as many chiropractic business owners as possible. I know that you love what you do and you trained to be the best chiropractor you can be but don't necessarily have the knowledge it takes to run the financial side of yo
If you like this episode you’ll love
Episode Comments
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/financially-adjusted-364422/43-what-to-focus-on-in-your-monthly-financial-reports-87374498"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to #43: what to focus on in your monthly financial reports on goodpods" style="width: 225px" /> </a>
Copy