As the financial year comes to a close, it’s crucial to take stock of your pharmacy’s financial health and ensure that everything is in order for the upcoming year. Year-end preparations can seem daunting, but with a clear checklist, you can streamline the process and ensure that your pharmacy enters the new financial year on solid footing.

As a pharmacy owner, you rely on your accountant to manage the numbers, ensure tax compliance, and keep the books in order. But in today’s competitive and complex market, your accountant should be doing much more than that. While basic accounting services are essential, there are key areas where your accountant can provide strategic value that you may be missing out on.

As a pharmacy owner, you’re no stranger to managing a variety of expenses—inventory, rent, staffing, utilities, and more. But what about the hidden costs that might be lurking in your pharmacy's finances? These are the types of expenses that often fly under the radar but can add up quickly, eroding your profits over time.

As a pharmacy owner, a significant portion of your revenue likely comes from NHS-related income streams. Whether it's through dispensing prescriptions, delivering services like flu vaccinations, or other NHS-funded services, maximizing your NHS claims can make a considerable difference to your pharmacy’s cash flow.