Briefing / Understanding the general ledger for costing - guidance paper

Extracting financial data from the general ledger is the first stage of the costing process. This guidance paper is aimed at costing practitioners, financial management and financial accounting, all of whom have a have a role to play in ensuring that patient level costs are derived from accurate financial data. As well as describing good practice, it highlights some of the main issues that costing practitioners may encounter and provides some examples of how trusts are mitigating these issues. This paper is relevant to all sectors.