Accounting for Your Pharmacy – Beyond the Bank Account
Using your bank account as your pharmacy’s accounting system leaves you in the dark about the true performance of your pharmacy business. Scotty Sykes explains in an issue of ELEMENT Show detrimental this can be for your independent pharmacy. In the article, he shared:
- How bank statement accounting leads to inaccuracies.
- Why this contributes to operating on thin margins.
- What to do to improve your accounting to provide your pharmacy business with a complete picture of your financial health.
Read about the dangers of using your bank account as your pharmacy’s accounting system and as a bonus, learn about 3 keys to an effective accounting system.