As a pharmacist, your goal is healthy patients, but as a business owner, it’s a healthy business. PioneerRx is the best pharmacy software to help you with both. Your pharmacy’s success is mapped by milestones, and those milestones can be measured in quantifiable results with reports. With PioneerRx’s search tool, you can customize any report you would like to generate.

That’s right. Any report. Your options are infinite!

For this post, we will focus on the financial aspect of pharmacy. Here are six financial reports PioneerRx offers to keep your business in check.

Weekly Reports

1. ACCRUAL SYSTEM SALES

Analysis > Financial Reports > Accrual System Sales Totals Summary

With one report, you can view system wide sales, including Rx Sales, Retail Sales, Sales Adjustments, Customer A/R (accounts receivable) Payments, and Third Party Payments.

2. RX TRANSACTION SUMMARY BY SUBMISSION TYPE

Analysis > Financial Reports > Rx Transaction Summary by Submission Type

This financial report shows all claims transmitted during a date range by the amount adjudicated by third parties, the amount expected in copay, any taxes, and the acquisition cost and gross profit, by third party. Since this report shows all claims (paid/reversed/rejected) by transmission date, it is the most complete accrual-based report available for both third party sales and gross profit.

3. POINT OF SALE RETAIL ITEM GROSS PROFIT REPORT

Sale > Search Sales > Set filter for specific dates, departments, etc > Reports > Point of Sale Retail Item Gross Profit Report

This sales report will show all retail items by department sold on sales found within your search parameters. The Total Paid value will come from the actual cost of the item at the POS (before discounts); the Total Preferred Cost comes from the Cost used for Calculating Profit found on the item at the time of sale.

Monthly Reports

4. THIRD PARTY CONTROL BALANCE

Analysis > Financial Reports > Third Party Control Balance Summary by Date Range

This report shows the activity of each Third Party Reconciliation Account in terms of sales, payments, and starting/ending balances. Ideally, it shows that Third Party payments are received on a predictable and logical basis.

5. A/R CONTROL BALANCE

Analysis > Financial Reports > A/R Control Balance by Date Range

This is an efficient 1-2 page overview (in most cases) of all activity that affected customer A/R during a date range that can help your accounting staff monitor the health of your customer account receivables.

6. INVENTORY VALUATION

Analysis>Financial Reports>Inventory Valuation

An inventory valuation report shows the balance and value of inventory items as of a historic date.

Big thanks to Sarah from our Accounting Support staff for lending us her knowledge on PioneerRx’s reports. She and her team members can always help you find custom solutions for your pharmacy’s needs.

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