Practice Management

jow774jow774 Trusted RegularPosts: 465Registered
Hi,

Ive recently registered onto MIP scheme and was wondering what Practice Management cpd i could use. Ive been practicing under exemption for a few clients for the past couple of years and also work in a small practice part time. Does it just include software choices, filing system, bank account etc etc? Does ATT practice admin count? Apolos if this has already been answered somewhere else.

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  • readerreader Experienced Mentor Posts: 1,039MAAT, AAT Licensed Accountant
    jow774 wrote: »
    Hi,

    Ive recently registered onto MIP scheme and was wondering what Practice Management cpd i could use. Ive been practicing under exemption for a few clients for the past couple of years and also work in a small practice part time. Does it just include software choices, filing system, bank account etc etc? Does ATT practice admin count? Apolos if this has already been answered somewhere else.

    There are eight aspects of practice management covered by AAT's practice management toolkit:

    1. Legal and regulation - Data protection, Provision of Services, MLR, POCA, H&S, Equality

    2. Staff appraisal and development - recruitment, staff development, appraisals, relationships

    3. Client money - handling and operating client bank account

    4. Quality assurance - prepare for AAT review visits, complaints management, PII

    5. Practice promotion and marketing - promote and market your practice ethically

    6. Conduct of work - client engagement, disengagement, letters of engagement, fees and commission, file management, file review, supervision, workload, ownership of books and records

    7. Strategic planning - business plans, self-employed guide, coporate social responsibility

    8. IT risks - IT procedures and security, data retention and destruction

    Source: Guidelines and regulations for members in practice, pages 28-29, AAT
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