Austin Moffat on Profit vs. Cash Flow

Do you ever wonder where all the cash is if you’re profitable? Why aren’t profits and cash flow the same? My guest today will explain. Austin Moffat is with DSO CFO, which came from Founders who were working with dentists that were missing out on key financial aspects of their business. When budgets were impossible because of mis-categorized expenses or tax planning was off because we were waiting for Financial Reports, we decided to take our expertise and codify solutions that make sense for Multi-Practice Groups. Started by a small group of professionals working in the dental industry, DSO CFO is the culmination of years of observing and helping our friends and colleagues to be more financially sound. DSO CFO makes financial transparency and strategy achievable. In this episode Carl White and Austin Moffat discuss:What is profit and cash flow?Why are they different? Simple ways for a practice owner to keep track of both Want to be a guest on PracticeCare?Have an experience with a business issue you think others will benefit from? Come on PracticeCare and tell the world! Here’s the link where you can get the process started. Affiliate PromotionWe’re fans of Constant Contact for email campaigns, newsletters, and emails. We use it with our clients. What we like: Very easy to useVery flexibleEasy to find supportHIPAA compliant Get 30% off for the 1st 3 months if you sign up using our partner link. We do receive a commission when you use our link. Constant Contact offers additional prepayment discounts you can choose: 10% off per month for your first 6 months, or 15% off for the year. If you prepay, your discount stacks on top of the 30% discount for the 1st 3 months. Connect with Austin Moffathttps://www.linkedin.com/company/dso-cfo/mycompany/?viewAsMember=true Connect with Carl WhiteWebsite: http://www.marketvisorygroup.comEmail:  whitec@marketvisorygroup.comFacebook:  https://www.facebook.com/marketvisorygroupYouTube: https://www.youtube.com/channel/UCD9BLCu_i2ezBj1ktUHVmigLinkedIn: http://www.linkedin.com/in/healthcaremktg