Equine Veterinary Accounting & Advisory

The only accounting and advisory firm built for equine practices.

Bookkeeping, controller-level reporting, and fractional CFO work — priced and delivered for the way equine practices actually run: seasonal, production-based, and built on revenue lines a generalist bookkeeper has never had to untangle. Understand where the practice actually makes money and where it's leaking margin, so you can act on it.

Sample Practice — Monthly Snapshot Reviewed by Leiper's Creek
Boarding revenue$42,000
Ambulatory revenue$68,000
Reproductive services revenueburied in "services" — $51,000
DVM production pay$139,000 — not broken out by provider
Reported EBITDA margin14.0%
True EBITDA margin, once separated & normalized 19.5%
The Problem

Most equine practices are flying on books they don't trust.

Boarding, ambulatory, hospital, and pharmacy revenue get lumped together. DVM production pay isn't broken out by provider, so nobody can tell which DVMs or service lines are actually profitable. Drug and biologic inventory is tracked on paper, if it's tracked at all. By the time a practice needs real numbers — for a bank, a buyer, or a partner — nobody can produce them fast.

4–8x

EBITDA multiple gap between a practice with clean, normalized financials and one without, at sale.

3–4

Distinct revenue lines — boarding, ambulatory, hospital, reproductive — typically buried inside one undifferentiated "services" number.

0

Equine-specific accounting and advisory firms operating at scale today. The market has generalists and it has nothing.

Services

Three ways to work with us, one team behind all of them.

Start where your practice actually is. Every tier is delivered by people who already know equine revenue cycles, so what you get back isn't just clean books — it's a clear picture of what's actually driving profit and what's holding it back.

Bookkeeping

$800–$1,500/mo

Clean, current books — categorized correctly for an equine practice, closed every month, not every quarter.

  • Monthly reconciliation & close
  • Equine-specific chart of accounts
  • Drug & biologic inventory tracking
  • Standard monthly reporting

Fractional CFO

$4,000–$8,000/mo

A seat at the table for growth, ancillary buildout, and exit planning — not just accurate books.

  • Ancillary revenue & service-line strategy
  • Bank & lender relationship support
  • Exit-readiness & M&A advisory
  • Direct access, monthly strategy session
Why This, Not a Generalist

We already know what your numbers mean.

Revenue Mix

Boarding, ambulatory, and hospital revenue don't behave the same

They carry different margins, different seasonality, and different cost drivers. We separate them from day one instead of lumping them into one undifferentiated "services" line.

Seasonality

Breeding-season concentration isn't noise, it's the model

Cash flow planning, staffing, and inventory purchasing are built around your actual production calendar, not a generic monthly average.

Production Pay

DVM compensation structures distort your real margin

Production-based pay looks different from a normal payroll line, and it has to be normalized correctly before you can see what each part of the practice actually earns.

Profit Clarity

See which parts of the practice actually make money

Once revenue, comp, and margin are broken out correctly, you can see exactly where profit is being made or lost — and make decisions with that instead of a gut feel.

Leadership

Built by someone who has run this playbook at scale.

Leiper's Creek is led by a healthcare services growth and M&A executive, where the work has centered on practice-level financial structuring, ancillary revenue buildout, and the operating discipline that determines whether a business is sellable or just busy.

That background is applied directly to equine practices: the same rigor institutional buyers expect from a normalized P&L, brought to an industry that has never had access to it.

Start with a free practice financial health check.

Send three months of financials. We'll review your revenue mix, pharmacy capture, and close process, and give you one real finding — no obligation, no sales pitch.

Request the health check