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Pharmacy Accounting Services to Guide Your Profitability

In today’s world, operating an independent pharmacy is no easy task. You have to finance and manage inventory, get reimbursements,  keep an eye on cash flow, and minimize taxes — all while handling prescriptions and working with wholesalers who often dictate the cost and price of what you sell.

The pharmacy accountants at Wegner CPAs understand the nuances of operating an independent pharmacy, know what AWP means, and stay current on trends and developments as active members in the National Community Pharmacists Association (NCPA) and the Pharmacy Society of Wisconsin (PSW). In our experience, the most important factors in your success are the ability to obtain financing, manage cash flow and deal effectively with wholesalers. These are areas in which our pharmacy CPAs have a strong record of helping clients like you become more profitable. As a result, we are a leader in serving independent pharmacies throughout the country.

We would welcome the opportunity to discuss your needs and objectives and put our expertise to work for you in these and other areas:

  • Budgeting and cash flow management
  • Purchasing and buying agreements
  • Claims processing and adjudication
  • Inventory control systems
  • Financing, including borrowing against inventory
  • Tax planning and filing
  • Accounting and financial statement preparation
  • Retirement planning
  • Selling and buying stores

We can also refer you to companies that can help you with marketing, claim reimbursements, financing and other aspects of running a successful pharmacy business.

Resources for Pharmacies

  • Where Did My Cash Go? Presented by Pete Oettinger at the AAP Conference for Independent Pharmacists 2017

Please contact our pharmacy service area expert, Pete Oettinger, CPA, and let us know how we can help you build your success.

“After 5 bookkeepers and 2 accountants, I finally have a team that understands pharmacy. Wegner CPAs has helped me have faith that my financials from month to month are accurate, and with this confidence, I can operate my business with peace of mind.”

Jennifer Palazzolo
Flatirons Family Pharmacy, Inc.

“I have spent my whole life trying to avoid accounting and accountants in general. When I unexpectedly lost my long time bookkeeper as we were closing the year out I was completely lost. Scott and his team from Wegner CPAs were able to quickly step in and help me get the year closed, get my vendors and employees paid, and take over my bookkeeping and financial needs from there. I have come to rely on their expert advice and professionalism and it all comes at a price less than I was paying my in-house bookkeeper. I would highly recommend their service to anyone that is in need of an excellent CPA and team.”

Tom Gierwatoski
Platte Valley Pharmacy

 

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