You Can Know What You Don’t Know: Financial Reporting

​Last month I started a series offering various best practices and tips to address the many challenges
executives at health centers face.

This month, I’m going to write about a topic that is a major challenge to many executives: how to
improve the accuracy of monthly financial statements, and do it in a timely basis. Numerous clients over
the years have told me they either never receive monthly financial statements, relying on year end
audits, or they take two to three months to receive them and even then, the accuracy is questionable or
the usefulness is limited per the executives I’m speaking to.

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