TITLE

How to improve your practice profitability

AUTHOR(S)
Cornelius, Tony
PUB. DATE
October 1978
SOURCE
Accountancy;Oct78, Vol. 89 Issue 1022, p81
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article offers tips on how to improve practice profitability in business. Frequently, in the small or medium-size practice, the preparation of accounts and summarisation of management statistics is allocated to a partner who is already heavily committed to client work. Also there is often a reluctance to employ someone to assists because of the cost or confidentiality of some of the information. A refinement to the measurement of gross and net profit can be obtained by charging a salary to the profit and loss account for each partner so that the profit relating to the investment of risk capital is indicated.
ACCESSION #
6050299

 

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