Advanced Accounting
P&L statement, expense management, medicine margins, and FBR tax summary
Overview
EliteHMS Advanced Accounting gives owners a full picture: Gross Revenue → Less Discounts → Net Revenue → COGS (purchase price × qty sold) → Gross Profit → Operating Expenses → Net Profit. Expenses tracked across 12 categories with vendor NTN and GST flags for FBR input tax credits. Medicine-level margin analysis highlights products below 15% margin. Excel export for FBR IRIS portal.
Standard Operating Workflow
P&L Statement
Auto-calculated from all bills (revenue) and purchase orders (COGS). Operating expenses entered manually. Net profit calculated with margin %.
Expense Management
Add expenses: category (Rent/Salaries/Utilities/Medicine Purchase/Equipment etc.), amount, payment method, vendor NTN, GST applicable flag.
Medicine Margins
Per-medicine: Revenue, COGS, Gross Profit, Margin %. Red alert for < 15% margin. Green for healthy margins.
FBR Tax Summary
Output Tax (GST collected) − Input Tax (GST paid with NTN invoices) = Net Tax Payable. Export to Excel for IRIS portal.
Yearly Trend
12-month Revenue vs Expenses vs Profit chart. Year-over-year comparison.
Key Operational Benefits
Real-World Healthcare Scenarios
Year-End FBR Filing
Accountant needs GST summary. Admin opens Accounting → FBR Tax Summary → exports Excel. Vendor-wise input tax breakdown ready for IRIS portal in 2 minutes.