Let’s Chat – Tradeshow Season, DIR Fees, ERTC and MORE!
Join us as we share our experiences from recent tradeshows and dive into trending pharmacy topics. From DIR fees and ERTC updates to revenue diversification and cash flow management, we discuss real-world challenges and innovative solutions that pharmacy owners need to know. …
Elevating Patient Care through 340B Partnerships ft. Eric Fromhart
In this episode of The Bottom Line Pharmacy Podcast, hosts Scotty, Bonnie, and Kendell dive deep into the world of 340B with special guest Eric Fromhart from Aventi Health. Get the facts about 340B, covered entities, and independent pharmacies in this informative …
Classic Video: Outsourced Bookkeeping vs. Outsourced Accounting for Your Pharmacy
Sykes & Company, P.A. has compared having an in-house bookkeeper for your pharmacy to having an outsourced accounting solution, but what about an outsourced bookkeeping solution? Scotty Sykes, CPA shares the difference between an outsourced bookkeeping solution and an outsourced accounting solution. …
Why the First 18 Months of a Pharmacy Start-up are Make or Break
The first 18 months is a critical time for any pharmacy start-up to become successful. In this video, Ollin Sykes of Sykes & Company, P.A. discusses what it takes to be cashflow positive, what to do in those first 18 months to …
The Impact of Proactive Accounting on Independent Pharmacies
While most accountants can manage basic bookkeeping and provide you with standard monthly accounting, working with a pharmacy-specific accountant provides you with insight that can help your pharmacy perform at its best. In this video, Bonnie Bond of Sykes & Company, P.A. …
Classic Video: NCPA Trends: A Rise in Organic Pharmacy Startups
One of the trends apparent at this summer’s NCPA Ownership Workshop is the rise of new independent pharmacy owners who begin their new pharmacy organically rather than buying an existing location. Ollin Sykes of Sykes & Company, P.A., describes the trends and …
Classic Video: The Key to a Resilient Accounting System
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 …
Improving Pharmacy Profit Margins with Outsourcing
Recently, we talked about the importance of having numbers with integrity in order to improve pharmacy profit margins. In this video, Ollin Sykes discusses your option to outsource the accounting and bookkeeping functions of your pharmacy. Outsourcing through the cloud can help …
Pharmacy Accountants Recap 2022 Trade Show Circuit
In this lighthearted, yet educational episode of our new The Bottom Line Pharmacy Podcast, join the Sykes & Company, P.A. team as they recount memories and takeaways from their tour of the independent pharmacy trade show circuit in 2022. Pharmacy accountants and …
QuickBooks Options for Your Pharmacy and How to Choose
It’s important to have the right tools in place for your pharmacy accounting. QuickBooks is one of the main tools that independent pharmacies rely on, but which version is right for your pharmacy accounting? In this video, Ollin Sykes, CPA, and Kathy …