Pharmacies
Your pharmacy is not a normal retail business.Your accounting should not be either.
Accounting, tax and reporting for independent pharmacies, banner stores and multi-location owners.
- Monthly plans
- From CAD 299 per month
- Led by
- Salman Feroz, CPA, CMA
- Software
- QuickBooks Online and Xero
- Reply time
- Under one working day
The problem
Inventory swings and thin front-store margins hide your real profit.
From inventory and payroll to corporate tax, HST, cash flow and multi-location reporting, we help pharmacy owners see exactly where the money is going and keep more of what they earn.
Dispensary, front-store and multi-location reporting that shows where the money actually goes. The bookkeeping, tax and payroll run together on one fixed monthly price.
What we cover
14 things we handle for pharmacies
- 01Inventory and cost of goodsCovered
- 02Prescription revenue reconciliationCovered
- 03Front-store revenue and marginsCovered
- 04Supplier and wholesaler accountsCovered
- 05Payroll for pharmacists and techniciansCovered
- 06Pharmacy acquisitions and vendor take-backsCovered
- 07Multi-location consolidated reportingCovered
- 08Professional corporation accountingCovered
- 09Financing and lender reportingCovered
- 10Gross margin analysis by categoryCovered
- 11HST on taxable vs exempt salesCovered
- 12Corporate tax and instalmentsCovered
- 13Owner compensation planningCovered
- 14Purchase and sale of pharmaciesCovered
Problems we solve
Where the money is usually leaking
You cannot tell dispensary profit from front-store profit
We separate revenue streams and cost of goods so you can see script margin, front-store margin and true store contribution, monthly, not at year-end.
Inventory is a black box
We build an inventory and COGS process that ties to your wholesaler statements, so shrink and pricing problems show up while you can still fix them.
You are buying or selling a store
We review the numbers behind the deal: normalised earnings, script count value, inventory adjustments, working capital and the financing package your lender will ask for.
Pharmacies: your questions
How much will this cost?
Monthly accounting starts from CAD 299 per month and is priced on transaction volume, payroll, entities and complexity. Tell us about the business and we confirm an exact fixed price in writing after a short review.
Do you work with multi-location pharmacy owners?
Yes. We handle per-store reporting plus a consolidated view, intercompany balances and owner-level tax planning across the group.
Can you handle HST when some sales are exempt?
Yes. Prescription sales and front-store sales are treated differently for HST. We configure your point-of-sale mapping so filings are correct and defensible.
Do you help with pharmacy acquisitions?
We provide accounting-side acquisition analysis: quality of earnings review, inventory and working capital adjustments, and lender-ready projections. Legal and valuation opinions stay with your lawyer and valuator.
Can you take over from my current accountant?
Yes. We handle the transition, request prior-year files and CRA access, review what was filed, and flag anything that needs to be corrected before we take over your filings.
Do you provide audits?
No. The Accounting Doc does not provide audit or assurance engagements. We focus on accounting, bookkeeping, tax, compliance, business registration, reporting and advisory services within the scope of our professional services.
The Accounting Doc does not provide audit or assurance engagements.
Get my pharmacy accounting quote
Tell us about the business. We come back with a fixed price and a first step within one working day.
We never ask for confidential documents on this form. Secure upload happens after onboarding.
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