Explaining the GP practice accounts – 10 part tutorial written by AISMA for Practice Index

AISMA has joined together with Practice Index to draft a short guide for practice managers and GP partners on understanding the practice accounts. This is to help you ensure that you to get the most out of them and use them in the most effective way.

The guide is split in to 10 short sections and covers key areas such as;

  • What are the accounts and how are they used?
  • How pensions are shown in the practice accounts
  • How to account for property
  • Using the accounts to benchmark financial performance
  • What to get out of the annual accounts meeting

The guide can be downloaded here.

If you would like further information on any of the aspects covered in the guide, then please do not hesitate to contact a member of our specialist healthcare team on 01253 404404 or 0115 9721050.

About us:

MHA Moore and Smalley has a dedicated healthcare team which consists of 30 members of staff who look after over 100 medical practices. We are members of AISMA which is a network of independent accountancy firms throughout the UK specialising in services to the medical profession.

During the Covid-19 pandemic, we understand the healthcare sector is under extreme pressure to efficiently run some essential financial business functions. MHA Moore and Smalley can provide temporary support to relieve such pressures and deliver finance functions which may have previously been done in house. For further information please click here.