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Registering Purchase Price for Products and Treatments
Registering Purchase Price for Products and Treatments

Where can i add the purchase price to my treatments or products?

Pablo avatar
Written by Pablo
Updated over a week ago

Clinicminds includes a feature that allows clinics to register the purchase price of products and treatments. This addition is designed to enhance inventory management by enabling more accurate calculations of stock value.

How to Use This Feature

Entering Purchase Prices

  1. Navigate to treatments setup under record settings
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  2. Or navigate to the products setup page
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  3. Input Purchase Price: Enter the purchase price as part of the system's details for each product or treatment.

Utilizing Purchase Price Data

  • Stock Value Calculation: The system uses the registered purchase prices to calculate the total stock value. This information is crucial for financial reporting and inventory management.

Benefits

  • Improved Inventory Management: Accurate stock value calculation helps in maintaining optimal inventory levels and financial planning.

  • Enhanced Financial Oversight: Knowing the actual cost of stocked items allows for better budgeting and expense tracking.

Conclusion

By enabling the registration of purchase prices, Clinicminds helps clinics maintain precise control over their inventory finances, thereby supporting more effective business operations. This feature is straightforward but adds significant value to the administrative capabilities of Clinicminds.

Reports

To analyze the real value of your inventory, go to 'Reports' and navigate to the 'Administration' section. Here, you will find various stock reports that display the purchase price accordingly.

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