Using the Income Account to Create Clarity

Every Dollar Needs a Home

One of the biggest sources of stress for dentists is not knowing where their money really goes.
You check your bank balance, see a lump sum, and assume it’s all available — until it’s gone.

That’s why the Income Account is the foundation of the Profit First for Dentists system.

“The Income Account is like the front door of your financial house,” “Everything flows in here first before you decide where it belongs.”

This simple structure gives you visibility and control — two things every dentist needs more of.

How It Works

All patient payments, insurance deposits, and collections flow into your Income Account.
That’s it — this account holds your cash until you intentionally allocate it into the other four key accounts: Profit, Owner’s Pay, Taxes, and Operating Expenses.

It’s not for spending. It’s a staging area.

“When money flows through a single channel before being divided,” I explain in my book, “you stop reacting and start leading.”

The Psychology of Separation

There’s something powerful about physically separating money.
When funds sit together, they blur into one confusing number. But when you hold income temporarily in one place, then move it deliberately, it forces you to make conscious decisions.

This one habit can eliminate 90% of the financial fog most dentists live in.

How Often to Transfer

Once a week — on your designated “Money Day” — you’ll look at the balance in your Income Account and distribute it according to your percentages.
This becomes the rhythm of your financial management.

Over time, this account will give you a sense of calm instead of chaos. You’ll know every dollar has a purpose.

Final Thought

The Income Account is more than a bank account — it’s your visibility tool.
It’s the simple system that transforms cash flow confusion into clarity.

“Clarity leads to confidence. “Confidence leads to control.”

Start with one Income Account today and watch how quickly the fog lifts from your finances.

Learn more about setting up your Income Account in Chapter 6 of Profit First for Dentists or visit ProfitFirstDentist.com .