Understanding GP Accounts: Beyond the Basics

GPM+ event

Thursday 26 September 2024

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This is a lunchtime event.

Times: 12:00 - 13:15

Armstrong Watson has over 150 years of supporting, advising and protecting clients. In 2018, Armstrong Watson acquired the ‘Specialist Medical Services Team’ (and their client portfolio) from BDO LLP Leeds from when it has continued to go from strength to strength with clients across the full medical spectrum. Armstrong Watson is a member of AISMA (Association of Independent Specialist Medical Accountants), partners with the MDU (offering an exclusive discount to their members), listed as a specialist medical accountant with Medics Money, and a member of the UK200 Specialist Healthcare Group; all demonstrating knowledge and expertise in this sector.

Understanding GP Accounts - Beyond the Basics - is a deeper dive into understanding practice accounts and how you can benefit from this better understanding. 

Financial data capture and accounting software

Financial statements (the ‘accounts’) – a ‘true and fair’ view:

• Income and Expenditure recognition – how the profit is determined, commissioning streams, superannuable or not?
• Balance Sheet – accruals and prepayments, asset categories and liabilities
• Notes to the accounts – what these are and what they tell you

Profit allocation to GP Partners

Working capital and the ‘Current account’.

Questions - there will be an opportunity to ask questions at the end of the seminar

Course format:

The course will be run via Teams – a joining link will be shared with you a few days before the event. The session will be a seminar with questions welcome at the end. 

Cost:

The seminar is free to attend,  however, we do offer you the opportunity to donate £10.00 per delegate to the Cameron Fund. The booking process allows you to make a donation if you wish to do so.  

Cancellations:

If you are unable to attend please consider whether your place can be used by a colleague. Late cancellations and DNAs are costly in terms of both finance and time – if you need to cancel please let us know at least 3 days before the course date.

Main contact

Name: Tim Bennett

Email: tim.bennett@yorlmcltd.co.uk

If you have any communication or mobility needs that the event organisers need to be aware of please contact them in advance of the course to let them know.