Practice finance

Guide to practice accounts

Guide to practice accounts

Our guide to the annual accounts will help partners and practice managers better understand the practice's finances and how to use this information as a business tool.

Essential financial advice

Creating a survival plan for your practice

Creating a survival plan for your practice

Accountant Jenny Stone explains how practices can put in place a robust financial plan to help them survive in these challenging times.

Financial planning for GP practices

Financial planning for GP practices

What should GP practices consider as they plan their finances for the coming five years? Accountant Katie Singer provides some advice.

A practical guide to budgeting

A practical guide to budgeting

Effective budgeting can help practices ensure they are a financial success. Laurence Slavin explains how to do this and provides a sample spreadsheet to help with calculations.

How practices can boost income from private fees

How practices can boost income from private fees

Specialist accountant Laurence Slavin highlights what practices should consider when setting fees for private work and steps that could help boost income in this area.

Benchmarking the practice's financial performance

Benchmarking the practice's financial performance

Find out how well your practice is doing by comparing key statistics from your annual accounts with those of other practices, says Laurence Slavin. This article has been updated with figures for 2017.

Cash flow forecasting: a vital financial tool

Cash flow forecasting: a vital financial tool

In these times of financial uncertainty, the ability to assess the practice's business risks is essential, says Russell Finn.

How to ensure money you are owed comes in

How to ensure money you are owed comes in

Accountant Faye Armstrong provides advice on how to set up a credit control system to help you collect NHS funding and private fees.

Costing up a new service

Costing up a new service

How practices can work out whether it is worth taking on a new contract, including a downloadable spreadsheet to help with the calculations. By Laurence Slavin.

How to protect your practice from fraud

How to protect your practice from fraud

Accountant Laurence Slavin highlights some examples of fraud in general practice and offers advice on how to prevent them occurring in your business.

A guide to tax for practice managers

A guide to tax for practice managers

The taxes practice managers need to understand to help ensure the practice's finances stay on track. By Jenny Stone.

Private work in general practice: What is allowed?

Private work in general practice: What is allowed?

Specialist accountant Laurence Slavin explains the rules surrounding private work undertaken by practices contracted by the NHS.

How to manage your staff budget

How to manage your staff budget

With salaries being the biggest expense in any practice, there is increased pressure to manage staff costs effectively. Fiona Dalziel provides advice on how to do this.

Cloud accounting: How it could benefit your practice

Cloud accounting: How it could benefit your practice

The run-up to a new financial year is a good time for practices to review their accounting processes and consider a cloud-based approach, says Laurence Slavin.

Latest finance articles

Third of practices say income from private fees has fallen in past 12 months

Almost a third of GP practices have seen their income from private and professional fees fall in the past 12 months, according to a poll by Medeconomics.

Updates to private fees

Details of the latest updates to the Medeconomics GP Fees Database.

What practices need to know about state-backed indemnity

The state-backed indemnity scheme for GPs is due to be introduced in April. Medeconomics looks at what it will cover and highlights issues practices should be aware of.

Changes ahead for the GP contract

NHS England has suggested that 2019/20 could see the biggest change to the GP contract since 2004. Medeconomics looks at what this might mean.

Guide to accounts

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