AAHA is excited to announce it has released an online version of its popular financial management resource, Chart of Accounts, free to the veterinary profession.

The American Veterinary Medical Association (AVMA) tasked its Veterinary Economics Strategy Committee (VESC) with bringing the profession together to facilitate collaboration necessary to improve business knowledge, acumen, and financial success. As a result, the AVMA-VESC initiated the profession-wide Economic Advisory Research Council (EARC), which is working toward organizing and efficiently using the veterinary profession’s scarce resources. As their first task, the EARC initiated a standardized chart of accounts, which is now free to all veterinarians.

In an effort to improve benchmarking throughout the industry, AAHA collaborated with Veterinary Management Groups (VMG) and several other key veterinary organizations, including the AVMA, Veterinary Hospital Managers Association (VHMA), and VetPartners, to revise and expand the book to include standardized veterinary accounting codes.

Standardized codes provide better, more reliable data about how veterinary practices are doing from an economic standpoint and enable industry leaders to develop initiatives designed to improve the overall financial health of the profession.

The AAHA/VMG Chart of Accounts is the standard for classifying revenue, expense, and balance sheet accounts in small animal veterinary practice. Additionally, AAHA recommends all accounting firms working with veterinary practices adopt the standardized codes.

Access the AAHA/VMG Chart of Accounts at aaha.org/coa.

Comments (1) -

Stephanie Livermore
Stephanie LivermoreUnited States
7/29/2017 4:47:06 PM #

I have an Mac computer and these documents will not open. Is there any way these docs could be reformatted into pdf for Mac users?

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