Module #6: Managing Your Practice. Lesson One: Financial Management Describe the pros and cons of hiring professional bookkeeping or accounting services.

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Presentation transcript:

Module #6: Managing Your Practice

Lesson One: Financial Management Describe the pros and cons of hiring professional bookkeeping or accounting services for your business. Identify four types of financial reports and their purpose. Describe how to collect on an invoice if your client is slow to pay.

Lesson Two: Taxes List the types of taxes for which your business is liable. Identify at least five deductions that you might be able to claim on your income tax.

Lesson Three: Client Records Management & Insurance Billing Describe the types of client records you must maintain. Describe the issues for and against accepting client insurance payments.

Lesson Four: Time & Schedule Management Identify effective time management tips. Identify strategies for effective management of the work environment.

Lesson Five: HR Management; Being an Employee Identify legal considerations that affect you if you have employees. Describe how your massage practice is like your own business even if you are not self-employed.

Lesson Six: Summary & Application Summary Review questions Chapter quiz Application

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