Every month you should be pulling revenue by provider, revenue per hour, rebooking rate, discounts as a percentage of revenue, and product consumed per treatment. Your P&L tells you what the practice earned. Your EMR tells you where it came from and who produced it. Neither report answers the important questions on its own. At […]
What Should Your Med Spa Be Pulling From Your EMR Every Month? Read More »
CFO Consulting
A new device pays for itself when the treatments it performs each month cover what it costs you each month. The math is simple: add the monthly payment to the monthly operating cost, divide by the average sale price of the treatment, and you have the number of treatments you need to book every month
How Do You Know If a New Med Spa Machine Will Pay for Itself? Read More »
Uncategorized
Your bottom line tells you whether the business made money. It does not tell you which parts of the business made it, and that is the number that actually changes decisions. To run a med spa well, you have to measure profitability at four levels: by provider, by treatment, by payroll load, and by product
How to Measure Med Spa Profitability: Provider, Treatment, Payroll, and Product Margins Read More »
Accounting/Bookkeeping
Good med spa bookkeeping comes down to two things: a chart of accounts built for how an aesthetics practice actually earns money, and a monthly close that keeps inventory, deferred revenue, and payroll recorded accurately. Most of the messy books we inherit are not messy because the owner is careless. They are messy because the
Med spa accounting is the full financial operating system for an aesthetics practice: bookkeeping built for product and service revenue, monthly reporting you can actually make decisions from, proactive tax strategy, and the accounting discipline an MSO structure requires. It works differently than accounting for a typical small business, because a med spa carries inventory,
Med Spa Accounting: The Complete Guide for Practice Owners Read More »
Accounting/Bookkeeping, Med Spa
Profit and cash are not the same thing, and the gap between them is where a lot of med spa owners get caught off guard. Your profit and loss statement can show a healthy bottom line while your bank account tells a completely different story. The usual culprit is timing: money tied up in inventory
Why Your Med Spa’s P&L Isn’t Telling You the Whole Story Read More »
Accounting/Bookkeeping
Revenue is not the same as profit, and neither one guarantees cash in the bank. In a recent webinar hosted by Lengea Law, Nick Liguori of Liguori Accounting joined healthcare attorneys Sara Shikhman and Emily to unpack why one med spa can post $5 million in revenue with almost nothing to show for it, while
Why Do Some Med Spas Make Millions in Revenue but Have No Profit? Read More »
Accounting/Bookkeeping, CFO Consulting
If your med spa is structured as an S-corp, how you pay yourself is one of the most consequential financial decisions you make every year. Get it right and you can reduce self-employment tax by tens of thousands of dollars annually. Get it wrong and you are either leaving money on the table or
How to Pay Yourself from Your Med Spa Read More »
Accounting/Bookkeeping
The med spa owners who get the highest valuations when they sell are not the ones with the most revenue. They are the ones who started thinking about the exit two or three years before they were ready to have the conversation. The financial picture that attracts buyers, and that supports a premium multiple, is
How to Prepare Your Med Spa for a Sale (And Why Most Owners Start Too Late) Read More »
Uncategorized
If your med spa operates under an MSO structure, you have already dealt with the management fee question. You have probably asked your lawyer what it should be, gotten a vague answer, and either picked a number that felt reasonable or copied what someone else said they were doing. And it may have worked fine
How to Structure Your Med Spa MSO Management Fee (And Why Most Practices Get It Wrong) Read More »
CFO Consulting
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