Human Business Works

  Every November, Jack Stromgren opens his Willow Glen practice for an annual free dental day. The event has continued since 2016 and serves approximately 60 to 70 people at his personal cost. It is one part of a broader record of community involvement across San José and Santa Clara County. What Jack Stromgren’s Free Dental Day Involves Jack Stromgren, DDS, is a UCSF trained general dentist at Stromgren Family Dentistry on Lincoln Avenue in Willow Glen. He has more than a decade of independent practice experience, with clinical work that includes restorative and implant dentistry, oral appliance therapy for sleep apnea, and care for patients with dental anxiety. The annual free dental day led by Jack Stromgren is held each November. Its recurring place on the practice calendar distinguishes it from a single community event. The program requires clinical time and practice resources to be allocated while Stromgren Family Dentistry continues serving its established patient base. App...

A retainer that doesn't show up for 45 days Picture a small bookkeeping practice with eight retainer clients, each paying $1,500 a month for ongoing books and reporting. The owner sends invoices on the first of the month. Clients pay, on average, 45 days later. In March, the business does the work for eight clients: $12,000 worth of service delivered. But the cash that actually lands in the checking account in March is from January's invoices, because that's what's finally clearing. If the owner looks at the bank balance and calls that March's income, they're using cash-basis accounting without having decided to. It's the default most new owners fall into, because it matches the number on the bank app. The problem is that it can make a business look broke in a month it was actually profitable, or flush in a month it wasn't, depending on when checks happen to clear. The mechanical difference Cash-basis accounting records income when money is received...