The columns would be as follows:
A. Item(or RX) # - (this is descriptive-to tell me what the item is)
B. Item category (A, B, C. etc)
C. Cost - what it cost the store to buy/replace it
D. Paid - the reimbursement from insurance or private pay - what we got for the item
E. Gross profit -column d minus column c
F. Margin percentage - the percent increase between what we bought it for and what we sold it for
That's the simple part. Now here's where it gets tricky:
I would like to be able to calculate an approximate NET profit taking into account the fees we are charged for submitting claims to insurance. There are different categories for the items, and the category will determine what kind of fee we are charged. These are the categories:
A - equipment primary/secondary claim - $5.50
B - equipment claim, primary insurance only - $3.00
C - drug primary/secondary - $8.25
D - drug - primary only - $4.50
E - no insurance claim (private pay) $0
So, depending on what letter I enter into the CATEGORY column, the spreadsheet should subtract the indicated amount from the GROSS PROFIT, and place the result in a new column, COLUMN G - NET PROFIT.
Is this even possible??
I would also like it to keep a running total (MTD as well as YTD) that I can glance at any time. The month to date and year to date should tell me the same thing as columns A-G above, but it should be a running total.
And, if possible, would like to be able to see an entire year on one spreadsheet, rather than having a new one each month. Problem is, there is no way of knowing how many rows I will need for each month. I might need to add rows if I run out of room.
Any advice, and/or point me in the direction of a good tutorial website, is much appreciated!