In this video, Pharmacy CPA Scotty Sykes talks about mistakes he frequently sees independent pharmacy owners make with their accounting systems. To begin with, too many pharmacy owners don’t have a solid accounting system. Scotty explains the importance of viewing your accounting …

In the past, independent pharmacy owners may have used their bank balance to tell them the health of their pharmacy. In this video, Scotty Sykes explains why this is not an effective way to manage your pharmacy accounting—especially given today’s tight margins. …

Congress passed a substantial tax bill in late 2015 that is retroactive to Jan. 1, 2015. This bill has a number of changes that can benefit independent pharmacy owners. In this video, Ollin details the changes and what they could mean for …

In this video, Ollin talks about some of the worst pharmacy accounting problems seen by Sykes & Company — plus what to do if you think you’re in the middle of one. Find out how pharmacies get into trouble and how Sykes …

How do you know that your pharmacy’s accounting is healthy? In this short video blog, Ollin Sykes talks about the one test that all pharmacy accounting systems should be able to pass, but that few actually can. How well is your pharmacy’s …

How does fraud commonly occur in independent pharmacies? In this video, Ollin Sykes of Sykes & Company, P.A., talks about cases of fraud he’s seen working with pharmacies and how to put in place the checks and balances to reduce your vulnerability …

In the midst of flu season, Ollin Sykes addresses the need for independent pharmacies to have a resilient accounting system so that pharmacists can focus on their patients and not worry about their finances. He talks about the one key piece that …

On Oct. 18, 2014, Ollin Sykes is presenting at the NCPA convention about cash flow tips and other accounting solutions. In this video he gives a brief overview of what he’ll be covering and previews a few of the tips and ideas …