Pharmacy Accounting: Three Tips to Manage Payroll Expenses
How do you keep a lid on pharmacy payroll costs when wages are rising to attract and keep talent? Pharmacy advisor Katie Musorofiti, CPA shares three ways that independent pharmacists can manage these costs and improve cash flow. She recently published her …
Good Accounting for Tax Planning Strategies
Good accounting goes beyond daily, weekly and monthly reconciliations and cash flow management. It also supports your pharmacy business decisions and tax planning. In this video, Scotty Sykes, CPA, CFP® provides an overview of how good accounting practices can lead to better …
Scotty Sykes, CPA, CFP® Creates Continuing Education Curriculum for NCPA
For the December 2021 issue of America’s Pharmacist, the premiere publication of the National Community Pharmacists Association (NCPA), Scotty Sykes, CPA, CFP® wrote a whitepaper about the fundamentals of a sound financial and accounting system. Sykes & Company, P.A. is a frequent …
Annual Enrollment Opportunities to Reduce DIR Fees
Did you know that the annual Open Enrollment Period for Medicare is one of the best opportunities to help your patients while also managing DIR fees? In this webinar recording with guest Nathan Shanor, general manager for FDS Amplicare, we explore how …
3 Keys to Top-Line Independent Pharmacy Growth
In order to achieve top-line growth at your independent pharmacy, you have to be forward thinking and proactive. In this video, Ollin Sykes, CPA discusses the importance of offering clinical services to increase profit margins, using technology to improve efficiency and outsourcing …
FAQ Regarding SBA Expanded EIDL Program
The U.S. Small Business Administration (SBA) recently announced that it is quadrupling the Economic Injury Disaster Loan (EIDL) cap from $500,000 to $2 million. Answers to many questions pharmacy owners have regarding the EIDL can be found in the new FAQ Regarding …
Have You Discovered Sykes University for Pharmacies?
Accountants and advisors who focus on independent pharmacies are very different from bookkeepers. At Sykes & Company, P.A., we offer guidance and resources for all aspects of your pharmacy business, including staff training. Before considering our services, visit Sykes University. We work …
Fixing Your Independent Pharmacy Accounting Mystery
Is the accuracy of your independent pharmacy financial statements a mystery? Maintaining monthly accrual-based financial statements helps to ensure that your accounting information is up-to-date and accurate. Ollin Sykes, pharmacy CPA, describes the information you will want to collect monthly to better …
Working With — Not Against — PBMs
It makes business sense for an independent pharmacy to work collaboratively with PBMs, as opposed to having an adversarial relationship. This Master the Margin webinar hosted by Sykes & Company, P.A. discusses exactly how the pharmacy can work with PBMs on a …
After COVID-19: Growth Opportunities for an Independent Pharmacy
Growth opportunities for independent pharmacies after COVID-19. Ollin Sykes, pharmacy CPA, describes the role of the independent pharmacy as community healthcare provider post COVID-19. Independent pharmacies have new opportunities to interact with patients about prescriptions, vaccinations and various clinical services. Learn more …
