Start-up pharmacists have a lot on their plate to run a successful operation, but some daily...
Pharmacy Start-Up Costs: Operations
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Inventory Update: Inventory Accounting Under TCJA
The IRS has issued proposed guidance on how independent pharmacies should handle inventory...
Care Plans: From ‘Nuisance’ to Narrative
Care Plans tell the story of a patient’s complete history within your pharmacy and beyond. More...
Inventory Efficiency During the Pandemic and Beyond
Inventory is one of the largest expenses a pharmacy has. Efficiently managing your inventory is...
Accrual vs. the Cash Method of Accounting: Inventory Reporting Risks
After the Tax Cuts and Jobs Act (TCJA), pharmacies have the option to use the cash or accrual...
Brands vs. Generics: Manage Your Pharmacy Product Mix
Generic drug sales should make up roughly 85% to 90% of pharmacy scripts, but we find that too...
Inventory Management
Ollin Sykes, Sykes & Company, P.A. Scotty Sykes, Sykes & Company, P.A. Dave Belinski,...
Improve Cash Flow with Inventory Management Best Practices
Ollin Sykes, Sykes & Company, P.A. Scotty Sykes, Sykes & Company, P.A. Jared Barton,...
The Hidden Problem with Inventory Accounting
Many independent pharmacy owners do not keep a perpetual inventory and are just guessing at their...
Three Things Your Inventory is Telling You About Profits
Inventory issues in an independent retail pharmacy is crucial to what the income statement and...
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Schedule a complimentary call with one of our pharmacy CPA advisors, or jump right in and asses your growth potential with our Rx Assessment.