Practice finance

Download the Medeconomics Guide to Practice Accounts

Download the Medeconomics Guide to Practice Accounts

Medeconomics' popular Guide to Practice Accounts is now available for subscribers to download as a PDF. The guide will help you understand your annual accounts and how to use them 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.

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 2015 and 2016.

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.

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 GP practices can increase income from non-NHS fees

How GP practices can increase income from non-NHS fees

Medical accountants share their tips to help GPs buck the downward trend on private and professional fees, as revealed in a Medeconomics survey.

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.

Preventing fraud in general practice

Preventing fraud in general practice

Steps practices can take to protect themselves from fraud. By Fiona Dalziel.

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

New average fees for private and professional services, November 2017

The results of the the latest Medeconomics Fees Survey have been analysed and added to the GP Fees Database.

Updates to private fees

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

Updated locum rates for 2017 show rise in fees charged

The average daily rates charged by locums booking work directly with practices have rise by between 2.5% and 11.3% since October 2016, depending on your location.

2 comments

Details of the GP Retention Scheme 2017

Under the 2017/18 GP contract a new GP Retention Scheme began in April 2017, replacing the Retained Doctor Scheme.

Guide to accounts

[DAYS_LEFT] days left of your Medeconomics free trial

Subscribe now

Your free trial has expired

Subscribe now to access Medeconomics

GP Fees Database

Browse private and professional fees

Search all fees and NHS funding