Professionally prepared and reliable financial statements are a must. Investing in financial information prepared by a chartered professional accountant is a great investment in your pharmacy businesses’ future value.
Never cut corners expecting to get away with anything less.
Furthermore, reliable financial records and supporting documentation will substantiate the claim that your pharmacy business is what you say it is. Properly organized reports and working documents will provide comfort to a potential buyer when reviewing past financial performance, leading to shorter turnaround times and higher offer values. Of course, the alternative is true; poor documentation and shoddily prepared
internal financials will foster doubt and lower value offers.
Having reliable reporting provides you with the proper tools to manage your business on an ongoing basis. It is imperative to measure, and to measure properly your progress in order to successfully build profits.