Overview

This workshop is where practice finances and accounting systems are explained in a user-friendly, interactive way. The session will give you an overview of your accounting system and walk you through a set of Practice Accounts.  It will also cover superannuation and update you on the financial changes to expect for 2025/26.  The module will be delivered as an interactive web workshop with practical guidance to enable participants to map the techniques and outcomes onto their own practice.

SPACER

  • Duration: 3 hours  

  • Location: Online

Objectives

Participants will gain an understanding of practices finances and how to understand the accounts produced by your accountant.  Good financial management should lead to reduced financial risk in the ever-changing world of general practice.

Workshop Agenda

Below is an outline of the proposed agenda with sample timings. If you have any questions please get in touch.

Managing Practice Finances – Overview
Understanding Practice Accounts and update for 2025/26 covering:

  • The purpose of practice accounts
  • Income Streams
  • Superannuation
  • Update on finance for 2025/26
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 2025/26 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
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
Understanding Accounts – Activity
The Power of the Cashflow Forecast

  • Levels of complexity
  • Using Excel
  • Other options
  • Interpretation
Reflective session – Open Forum

  • Reflection and open discussion of challenges or concerns
Close
Get in touch

Contact the PMA now

If you would like more information about any of our workshops, the timings or adapting our programmes to your local needs / requirements, please call 0330 111 6459 or email enquiries@pma-uk.org

Please note that all workshops are delivered online as web workshop sessions – however, if you require face to face workshops, please get in touch and we will be happy to discuss this.

Get in touch

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