Managing Pharmacy Overhead and Expenses
Pharmacy inventory, payroll and DIR fees are the three biggest expenses that community pharmacies typically incur. In this video, Megan Perry, CPA and Kathy Blanchard of Sykes & Company, P.A. share a few ways you can manage overhead and expenses in your …
Accounting for Your Pharmacy – Beyond the Bank Account
Using your bank account as your pharmacy’s accounting system leaves you in the dark about the true performance of your pharmacy business. Scotty Sykes explains in an issue of ELEMENT Show detrimental this can be for your independent pharmacy. In the article, …
3 common accounting mistakes of independent pharmacies
Whether you took ownership of your pharmacy three years ago or three decades, you might have fallen victim to one of the three most common mistakes we see again and again in pharmacies. These mistakes impact your cash flow, your margins, and …