The pharmacy business or medicine trade in Bangladesh is currently thriving! Especially in major cities and suburban areas, pharmacies see a steady flow of customers day and night. However, it is also true that to succeed in the pharmacy business, one has to survive through tough competition.
Today, we will discuss how to achieve success in the pharmacy business by using accounting software. In other words, we will explore the use of digital applications to manage daily transactions, stock inventory, outstanding balances, invoicing, and other aspects of running a pharmacy.
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How does ‘HishabPati’ benefit the owner of a pharmacy business?
Without further ado, let's first focus on how the features of the HishabPati app can simplify the management of your retail pharmacy and wholesale medicine business?
01. It will simplify stock/inventory management for the pharmacy.
The biggest challenge for every pharmacy business is managing product stock. Every day, a large volume of products must be bought, sold, and stored. This is where HishabPati's feature of adding unlimited products becomes very useful. You can add products by category and track each medicine item individually. You can check stock levels at any time, and set an alarm to keep track of expiration dates. Notifications will be sent to your mobile on time! Such automated inventory management and expiration product notifications will keep you away from unwanted situations.
02. It will help maintain good relationships with customers and suppliers.
Maintaining good relationships with customers and suppliers is crucial in the pharmacy business. As we all know, pharmacy customers prefer to buy products from a specific place. Therefore, it is essential to conduct transactions accurately and transparently with them. Hisabpati provides the best solution for this. It offers features like generating transaction invoices, providing detailed transaction information, managing outstanding and cash accounts, adding notes and photos to transactions, and sending messages, all of which help maintain smooth relationships with customers and suppliers.
03. Keeping track of all financial records, including income, expenses, and outstanding balances
One of the major challenges in managing a pharmacy business is keeping records of various financial transactions and ensuring that all parties are aware of up-to-date accounts. HishabPati provides the best solution for this task. Here, you can maintain records of income and expenses, as well as track outstanding balances. With HishabPati, you can send messages regarding customer and supplier dues, notify when payments are made, and send instant messages for outstanding balances if transactions are on credit.
04. Making decisions based on accurate information rather than estimates
The HishabPati app provides detailed reports on almost every aspect of the business. The reporting feature becomes very essential for the pharmacy business, as it generates weekly, monthly, and annual transaction reports. You can view reports by party and item, and export all reports as PDF or Excel files for sharing. This enables decision-making based on accurate information rather than estimates. These reports are also useful for business planning.
05. It creates a professional or business-like perspective.
The use of the HishabPati app will help create a professional image for your pharmacy business. Providing transaction invoices and incorporating your brand colors into them will change how customers and suppliers perceive your pharmacy. Well-designed bills or invoices enhance trust and acceptance among customers, leading to the establishment of loyal, long-term customers for your medicine business.
06. Data security and immediate access
Since HishabPati is a cloud-based software, you can be assured of data security. All your business data is securely stored on the cloud server. Data is synced and updated across multiple devices, so even if a device is lost or damaged, you don't have to worry about losing your data. You can log in to your account from any device using your mobile number and access all your data. Additionally, you can monitor your business accounts from anywhere, at any time.
07. Accurate expense management aids in business budgeting and planning
The expense management feature of HishabPati will help you understand the flow of your business expenses, making it easier to control costs. Proper expense management in your pharmacy aids in creating a business budget and setting future action plans. Additionally, it allows the pharmacy owner to easily identify where to cut costs and where to invest.
In addition to these features, HishabPati offers an excellent customer support team to ensure uninterrupted business management. Pharmacy owners can call the support team whenever they need help to resolve any issues.
For Pharmacy business why HishabPati app should be choosen?
Before selecting software for your pharmacy business, three key factors should be considered. Otherwise, the daily accounting tasks for your store might become unnecessarily complicated.
- Ease of use and intuitive interface of the app.
- App is cost effective for you.
- You can use the app free before subscribing.
You will have these three basic advantages in hisabpati app.
Subscription fees start with an affordable package at just 99 Taka.
HishabPati is the most affordable accounting app in Bangladesh. Its subscription fees are set in two terms—monthly and annually—and divided into three economical packages.
01. Basic Package: The Basic package is completely free! This means you can try out the app without purchasing a subscription.
02. Premium Package: The monthly subscription fee for the Premium package is just 99 Taka, and the annual subscription includes a 17% discount! This means the yearly cost will be only 999 Taka.
03. Business Package: The monthly subscription fee for the Business package is just 199 Taka. Like the Premium package, the annual subscription also comes with a 17% discount, making the yearly cost only 1990 Taka.
Know about all features of packages today in details & choose your desired package.
Let the journey of your pharmacy business begin with the HishabPati app!
Sign up for HishabPati: First, visit the HishabPati website and create an account for your pharmacy business. Alternatively, download hisabpati app from google play store and register. Registration in HishabPati is quite easy & complete free.
Set up your pharmacy business or company: Set up essential aspects of your pharmacy business, including inventory, units, purchasing and sales, outstanding balances, invoices, and transactions. Then, start updating daily transactions.
Use features of HishabPati app After starting to manage your pharmacy business with HishabPati, continue using the necessary and unique features, such as invoices, barcode scanner, units, expense management, and more.
