What are the Essential Bookkeeping Tasks for a Pharmacist?
Essential bookkeeping tasks for a pharmacist include:
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- Tracking and categorizing expenses, such as inventory purchases, rent, utilities, and employee wages.
- Reconciling bank statements to ensure accuracy and identify any discrepancies.
- Managing inventory records to track stock levels, purchases, and sales.
- Preparing financial statements, such as income statements and balance sheets, to assess the pharmacy’s financial position.
- Keeping records of prescriptions and insurance billing for compliance purposes.
