Enhancing Rx Workflow: Maximizing Medsync Featuring Weston Humphreys, COO of Tyson Drugs
Cash flow is the name of the game right now in pharmacy and one of the best ways to improve cash flow and enhance pharmacy workflow is with MedSync! In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, …
The Bottom Line Pharmacy Podcast Improving Cash Flow with Inventory Management
Efficient inventory management is key to improving cash flow in your pharmacy. In fact, your bottom line is directly impacted by inventory and if not managed correctly, will skew your gross margins. If you saw every bottle or capsule on your shelf …
Classic Video: Trends In Perpetual Inventory Practices
In this video blog, Ollin Sykes of Sykes & Company, P.A., talks about why it’s important for independent pharmacy owners to have a perpetual inventory system that’s kept up to date. What are other trends in pharmacy accounting? Learn about the rise …
The Impact of Pharmacy Inventory Management on Gross Margins | Sykes & Company, P.A.
Your pharmacy inventory is critical to your gross margins. Learn how to properly manage your inventory to achieve a good industry average gross margin of 22-23%. In this video, Ollin Sykes of Sykes & Company, P.A. discusses inventory management and its affect …
Three Things Your Inventory is Telling You About Profits
Inventory issues in an independent retail pharmacy is crucial to what the income statement and profit and loss statement are going to show, as well as to cash flow. In this video, Ollin Sykes of Sykes & Company, P.A. explains why a …
Inventory Efficiency During the Pandemic and Beyond
Inventory is one of the largest expenses a pharmacy has. Efficiently managing your inventory is critical for pharmacy profits and growth. In this webinar, Jared Barton of Inventory IQ and Ollin Sykes and Scotty Sykes will discuss: Why inventory management is key …
The Hidden Problem with Inventory Accounting
Many independent pharmacy owners do not keep a perpetual inventory and are just guessing at their inventory. In this video, Ollin Sykes of Sykes & Company, P.A. explains how to keep up with inventory. A good script management and inventory system helps …
Build an Accounting Foundation for Pharmacy Success
When something in viewed as not important or a burden, it can quickly fall to the bottom of the priority list. Scotty Sykes, CPA explains how the accounting for your pharmacy business is the foundation that allows you to serve your patients …
Inventory Management
Ollin Sykes, Sykes & Company, P.A. Scotty Sykes, Sykes & Company, P.A. Dave Belinski, Datarithm Find out how inventory management systems help you not only manage your inventory but also increase profits, control your inventory expense and assist in making the transition …
Maximizing Your Largest Expense – Inventory
Owning an independent pharmacy is not easy. Pharmacy owners have misreported inventory by millions of dollars, says Scotty Sykes, CPA, CFP®. Jared Barton of Inventory iQ* tells us how we can rectify the situation by putting the time and effort into the …
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