Bookkeeping vs. Accounting vs. Sykes Accounting
Often the terms bookkeeping and accounting get interchanged and confused with each other. In this video, Scotty Sykes of Sykes & Company, P.A. explains the difference between bookkeeping and accounting. He dives into how their firm approaches accounting for their pharmacy clients. He calls their method “The Sykes Model.” It includes advisory and analysis of your independent pharmacy to inform you of how you compare to other pharmacies and the trends within the industry. Watch this video to learn more about The Sykes Model for pharmacy accounting and how it can be a part of your growth strategy.