This free tool is a first success for the AVMA’s Economic Advisory Research Council, which is tasked with “organizing and efficiently using the veterinary profession’s scarce resources.” Kudos to all involved in providing this resource to all veterinary practices.
Source: DVM 360, June 30, 2017.
The chart of accounts will allow practitioners to better organize their practice’s finances in line with generally accepted accounting principles. Additionally, AAHA recommends all accounting firms working with veterinary practices adopt the standardized codes.