In most clinics, income comes from two main sources — services (consultations, treatments, procedures) and products (medication, supplements, skincare). Both contribute to overall revenue, but blending them together in accounting makes it impossible to understand where profits truly come from.
Here’s how clinics can track service vs product income the clear, reliable way — and how ccMonet helps keep this process automatic and accurate.
The simplest way to separate income is to define it properly at the front desk.
Every transaction—whether a consultation or a product sale—should be recorded under its correct type. But in practice, many systems export daily totals without breakdowns, leaving accountants to guess later.
ccMonet fixes this by letting clinics upload receipts, payment reports, or POS summaries directly. AI reads and classifies entries automatically:
No manual sorting required—and no risk of overlap.
When claims, card payments, and product sales arrive through different channels, reconciliation can quickly become messy.
ccMonet’s AI Bank Reconciliation automatically matches each deposit to its source, confirming whether it came from a service invoice or a product sale.
This ensures total accuracy—and gives clinics a complete audit trail for every dollar received.
Once cleanly separated, these two income streams tell powerful stories:
With AI Insights, ccMonet visualises these ratios in real time—no spreadsheets, no waiting for end-of-month reports. You can instantly see which side of your business is expanding and where margins are shifting.
Many clinics find that product income, though smaller, delivers higher margins due to low staff cost. Others discover that procedure-based services are strong but inconsistent week to week.
By maintaining a clean separation, ccMonet helps clinics make smarter operational choices:
Clean data means confident business decisions.
Because ccMonet stores every record with timestamps and source documents, clinics can generate detailed revenue reports anytime. Whether for management, tax filing, or compliance review, both service and product income are easy to trace—no data cleanup needed.
When service and product income are tracked clearly, every report becomes a strategic tool—not just an accounting record.
With ccMonet, Singapore clinics can separate, reconcile, and analyse revenue automatically—giving you clarity without complexity.
Track your income the clear way. Visit ccMonet to see how AI bookkeeping keeps clinic finances clean and insightful.
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