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.