An algorithm for generating of a program, as well as an associated method for handling of radioactive pharmaceuticals by a pharmacy so that data may be maintained on the acquisition, dispensing and handling of the radioactive pharmaceuticals and the disposition thereof. The algorithm and method allow for data to be electronically introduced in generally temporal relationship to the performance of physical activities. In addition, the algorithm and the method allow for computerized generation of required governmental reports, which thereby reduces the amount of manual operator attention which would otherwise be required. In addition, the algorithm and method allows for periodic information to be sent to quality control assurance personnel for generation of reports and information by such personnel.