This 3 hour webinar will give you an introduction to practice finance.  It will help you to gain an understanding of the income GP Practices receive via their contract with NHS England such as PCN Funding, core funding and enhanced services, as well as touching on income that may be received outside of the contract.

It will cover some of the basic terminology that may be used in discussions you have with the practice accountants, when discussing year end accounts, and provide you with an understanding of why it is important they have certain pieces of information.

The session will also cover some other topical areas such as cloud accounting, tax, pensions & actions to prevent fraud.

Agenda

Understanding key items in practice accounts

• Understanding practice finance streams
• What are accounts used for
• Overview of main areas within the practice accounts

Basics of bookkeeping

• Cash / Accrual accounting
• Importance of bank reconciliations
• Software

Good practice in finance

• Actions to take to protect the practice.

Other useful things to know

• A general round up of ad hoc areas that may arise from time to time.

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It is essential that you have a camera & microphone to complete this course.