PEACH TREE ACCOUNTING SERVICES FOR PHARMACEUTICALS INDUSTRY
Algebraa Business Solutions Private Limited provides specialised, technology-driven accounting solutions for the pharmaceutical industry, where precision, compliance, and traceability are essential. Using Peachtree (Sage 50), we deliver structured financial systems that support drug manufacturing, formulation units, R&D operations, distribution networks, and global supply chains. Our accounting services strengthen compliance with regulatory standards, enhance financial clarity, and provide full visibility across production, quality, and inventory processes.
Daily Accounting & Financial Operations Built for Pharma Businesses
Pharmaceutical companies require a high level of accuracy due to strict regulatory oversight and multi-layered cost structures. We manage complete day-to-day accounting through Peachtree with:
- Sales and purchase posting
- Vendor and customer ledger reconciliation
- Multi-branch accounting for plants, R&D units, depots
- Bank, cash, and credit reconciliation
- Journal entries with structured classifications
- Automated month-end and year-end closing
Every transaction is managed with compliance-aligned accuracy, ensuring audit-ready books.
Pharmaceutical Costing Models – Precision Across All Manufacturing Stages
We implement custom costing structures that reflect the complexity of pharma production.
- Batch-wise and process-wise costing
- Material, labor, and overhead allocation
- API and formulation costing
- Multi-stage manufacturing cost tracking
- Cost variance reports for continuous optimization
- R&D expense tracking and capitalization support
Accurate costing supports competitive pricing, margin control, and profitability decisions.
Strict Inventory Control & Valuation Aligned with GMP Standards
Inventory accuracy is critical to pharmaceutical operations. Using Peachtree, we build strong inventory frameworks:
- Batch, lot, and expiry tracking
- Raw material, WIP, and finished goods management
- FIFO, LIFO, and weighted average valuation
- Storage condition-based stock categorisation
- Damaged, expired, and quarantine stock accounting
- Vendor quality tracking linked to materials
This ensures compliance with GMP requirements and strengthens supply chain efficiency.
GST, Taxation & Mandatory Regulatory Compliance
Pharma companies face stringent statutory regulations. Our Peachtree accounting ensures:
- GST output/input/RCM management
- HSN code-based GST classification
- TDS calculation and filing support
- Compliance with drug pricing regulations (financial accounting perspective)
- IFRS, IAS, and GAAP aligned reporting
- Vendor compliance and ITC reconciliation
Our compliance-first approach protects companies from penalties and ensures seamless audits.
Payroll & Labor Accounting for Manufacturing & R&D Workforce
Pharmaceutical operations involve scientists, R&D teams, QC/QA personnel, plant workers, and sales staff.
Our payroll accounting includes:
- Monthly salary processing
- PF, ESI, and statutory deductions
- Shift-based and production-linked payroll
- Contract labor and outsourcing cost allocation
- Travel and medical allowance accounting
- Bonus, leave encashment, and incentives management
Payroll accuracy improves regulatory compliance and employee confidence.
Fixed Asset Management for Manufacturing, R&D & QA Infrastructure
Pharma companies rely heavily on validated equipment, laboratory assets, and controlled-environment machinery. Peachtree supports structured asset management:
- Asset categorization and tagging
- Depreciation tracking as per statutory norms
- Calibration and maintenance cost accounting
- Capital work-in-progress monitoring
- Asset disposal and revaluation support
This ensures precise valuation and improves long-term capital planning.
Financial Statements & Global Reporting for Pharma Corporates
We deliver professionally structured financial statements aligned with global standards:
- Profit & Loss Account
- Balance Sheet
- Cash Flow Statement
- Working capital analytics
- Receivable and payable ageing
- Ratio analysis and financial dashboards
These reports enhance credibility with investors, regulatory bodies, and global partners.
Audit Support & Compliance-Driven Internal Controls
Given the regulatory intensity of the pharmaceutical industry, we ensure complete audit readiness.
- Full documentation for statutory, internal, and tax audits
- Ledger verification and rectification
- Batch and cost audit support
- Internal control setup for procurement, inventory, and production
- Digital audit trails within Peachtree
This strengthens governance and reduces compliance risks.
MIS & Performance Reporting for Strategic Pharma Decisions
MIS reporting empowers leadership to make informed production, pricing, and market decisions.
- Batch performance analysis
- Cost vs. yield reports
- Production efficiency dashboards
- Sales territory and product line analysis
- R&D expense monitoring
- Budget vs. actual performance
These insights help boost profitability and operational efficiency.
Commercial, Financial & Legal Benefits Delivered
Commercial Benefits:
- Strong cost management
- Enhanced supply chain accountability
- Better pricing and margin protection
Financial Benefits:
- Transparency across production and R&D
- Improved cash flow and working capital
- Investor-ready financial reporting
Legal Benefits:
- GST and statutory compliance
- IFRS/IAS/GAAP aligned reporting
- Reduced regulatory risks and penalties
Commitment to Pharmaceutical Financial Excellence
Algebraa Business Solutions Private Limited ensures that pharmaceutical organizations achieve:
- Total financial control
- Improved profit margins
- Strong regulatory and statutory compliance
- Scalable financial systems for expansion
- Long-term operational stability
Our Peachtree (Sage 50) accounting services empower pharmaceutical companies to operate with precision, compliance, and complete financial clarity.