Accounting for Pharmacies

Accounting for Pharmacies: Cash Flow, Stock and VAT Basics

Running a pharmacy means managing a business that is unlike most others. Most of your income comes from NHS payments on a fixed monthly cycle, your largest cost is stock bought on trade credit, and your VAT position mixes zero-rated, standard-rated and out-of-scope income. Get the basics wrong and a busy, profitable pharmacy can still […]

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