927: Sophisticated Ownership Through Managerial Accounting Pt. 2
Chris Sands and Brent Saunier of Pro-FI 20/20
If you love diving into the numbers, or are looking to increase the sophistication of your business; this episode is for you. Today we have the partners of the new accounting firm I’m using, Brent Saunier and Chris Sands. After a quick update on the PPP loan, we dive right into the numbers they look at when they get into managerial accounting and forecasting. This is one of my favorite things to talk about and I hope you guys enjoy the interview as much as I did.
During our time together, we discuss:
- Why cash is king
- The coming cash flow dip in many practices
- Why their clients usually have 5 to 9 business accounts
- Why dentistry is considered cash poor