When something in viewed as not important or a burden, it can quickly fall to the bottom of the priority list. Scotty Sykes, CPA explains how the accounting for your pharmacy business is the foundation that allows you to serve your patients better and grow your independent pharmacy. In the article from America’s Pharmacist, he shares why how you are approaching your accounting is key. Find out:
- Why a reliable accounting system and accurate balance sheet are critically important for your pharmacy.
- How incorrect inventory can impact your gross margin.
- How your accounting method can impact your tax return.