Financial Statements

Financial statements for a med spa are formal documents that show the medical spa’s financial activities and health. These include the income statement, which shows how much money your med spa made and spent; the balance sheet, which lists what your medical spa owns and owes at a given point in time; and the cash flow statement, which tracks the movement of cash in and out of the business.

Unlike regular operating expenses, CapEx involves spending on assets that will enhance the med spa’s future operations and revenue for multiple years. CapEx decisions are crucial for long-term growth.