This session is designed to help aspiring and new Practice Managers covers all the key areas that need to be addressed when dealing with Finance in a busy and successful practice. We focus on the issues that regularly arise in practice.
Understanding Practice Accounts and update for 2024 covering;
- The purpose of practice accounts
- Income Streams
- Superannuation
- Update on finance for 2024
Overview of your Accounting System
- What comprises your accounting system?
- Source records
- Software
Financial Controls and Maximising your income streams
- Financial Controls
- Contract Changes for 2024 and looking ahead
- CQRS
- Reimbursements and claims
- Other Income Streams including PCN income
- Tracking your Income
Superannuation
- Estimate of Pensionable Profits Form
- Pension Forms – Type 1 and Type 2
- Timeline
- Tier rates
- Examples
Hints and Tips
- Current issues
Understanding Accounts
- Accounting Terminology
- Types of Income and expenses
- Debtors and Creditors
- Current and capital accounts explained
- Drawings
- Variance analysis and Financial Benchmarking
- Financial Benchmarking
The Power of the Cashflow Forecast
- Levels of complexity
- Using Excel
- Other options
- Interpretation
This session will be conducted virtually on MS Teams, we kindly request that all delegates come prepared with a camera and a microphone. This prerequisite is essential to facilitate active engagement, participation, and interaction throughout the programme. Having a camera and microphone will enable you to fully benefit from the interactive nature of the sessions, including group work and discussions.