Finance & Accounts
Understanding Finance & Accounts
The future viability of your service depends on the good financial management that you exhibit today. This workshop breaks down the financial framework of your business, delivering an understanding of business financial planning, budgeting, forecasting and cash flow management, including taxes and financial reporting.
Business Plan, Costs & Targets
- Review of business plan
- Fixed Costs/Over heads
- Turnover
- Margins
- Break even
- Cash flow
Invoicing
- Manual Calculation
- Using Xero
- Credit Control
- Chasing invoices
- Use of third party companies
- Dedication time to getting paid
- Prompt & Accurate invoicing
Bank Account
- Managing your business bank account
- Accountable Transactions
- Additional Management account for taxes etc
- Overdraft & Credit facilities form the bank
- Cards usage
- Billing Clients
Tax & HMRC
- Corporation Tax
- Income Tax
- PAYEE
- National Insurance
- VAT
- Self Assessment
- Dividends
Payroll
- Outsourcing options
- Using Xero – guides and courses
Cash Flow Management
- Balancing Pay-ins & Payouts
- Invoice finance
Payments
- Making payments from you bank account
- BACs and CHAPs
- Petty cash
- Card Payment (Stripe)
Accounts and Reporting
- Book keeping
- Using Xero effectively
- Submitting to accountants
Learning Objectives
By the end of this workshop, you will have a better understanding of CQC, what they stand for, and how to pass
Objectives – In Depth
- Fundamental Standards
- Without a plan, you’re guaranteed to lose more money than you needed to.
- Key Lines of Enquiries
- Empowerment HASCA
- Population Groups
- Older People
- Long Term Conditions
- Vulnerable Circumstances
- Families, Children & Young People
- Poor Mental Health
- All Groups
Our training
- Learn from industry experts at Unit Consultancy. Our courses are designed to help you get the fundamental rights to run a successful healthcare, employment, or domiciliary agency.
- Our courses are crafted to help you grow your skills and equip you with the tools, solutions, and experience you need, to help you ensure that your business is the best it can be.
- Discover practical methods to develop and evaluate your business and help you identify flaws and improve profitability.
- Learn the basics and actionable steps to improve your business in various ways depending on the opportunities, challenges, or circumstances you may be facing. We have solutions that focus on particular areas within your business which, in return, deliver the desired results.