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 …
Sykes Client Testimonial: Cole and Jill Sandlin
When Cole and Jill Sandlin bought a pharmacy, they didn’t want to do pharmacy finances the “old school way.” They found Sykes’ pharmacy accounting system to be much simpler and less time consuming, freeing up Jill to spend more time on the …
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 …
Exemplar Health’s New Small Business Level Funded Solution
Independent pharmacies are competing with the large retail chains and the PBMs they own. Exemplar Health has stepped up in a big way by launching a small group insurance health product that is winning business nationwide. Hear how Exemplar gets you materially …
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 …
How to Consistently Improve Your Gross Margins
Achieving a good industry average gross margin can be challenging when managing the expenses the independent pharmacy owner is faced with. In this video, Scotty Sykes of Sykes & Company, P.A. discusses what you can do to consistently improve your gross margins. …
The Hidden Fee That Affects Accurate Revenue
Direct and Indirect Remuneration (DIR) fees are only recently being recognized by script management systems and it’s critical that pharmacy owners engage with a pharmacy specific accountant. In this video, Ollin Sykes of Sykes & Company, P.A. discusses why it’s important to …