Turnover versus profit: the new assistant's guide to practice finances

摘要

IT is easy to understand why, as a new assistant in practice, you might become disillusioned: you see clients paying pound 700 for the work that you do in a day, but only receive, say, pound 60 of that money in your pay packet - with the rest, you imagine, going straight into your employer's pocket. Practice finances are, in fact, rather more complicated than that; here, Christine Shield explains just how much turnover must be generated before the true profit is made.