Inventory and Business Records in Veterinary Practices

Flashcards summarizing key vocabulary terms and concepts related to inventory, business records, and logbooks in veterinary practices.

Office Supplies

Typically found in the administrative area of a practice, monitored by lead receptionist or practice manager.

Capital Equipment

Equipment with a long life expectancy that contributes to the practice's income.

Medical Supplies

Necessary materials used by veterinarians and technicians for patient care, health, diagnosis, and treatment.

Pharmaceuticals

Drugs and medications used in practice or dispensed to clients.

Inventory Process

System to ensure an appropriate number of products and supplies are always on hand.

Physical Inventory

Physically counting all items to confirm accurate inventory, usually at the end of each quarter.

Want List

List of items needed, posted for all to see, indicating low stock items to be ordered.

Business Records

Managed primarily by practice managers or owners, for tracking trends, client purchasing, inventory, and financial evaluations.

Payment Policy

Payment is required at the time of service, with no credit offered by most practices.

Logbooks

Records that overlap business and medical documentation where various procedures and items are logged.

Controlled Substance Logbook

Required to record and manage drugs that are regulated to prevent abuse.

Laboratory Logbook

Synopsis of laboratory tests ordered, noting client and patient details, and the tests performed.