Fundamentals of Pharmacy Accounting
Fundamental accounting is a key component to financial success in independent pharmacies and provides a clearer picture for you to understand how your pharmacy is performing. In this video, Megan Perry, CPA, and Kathy Blanchard of Sykes & Company, P.A. share how …
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 many expensive brands and specialty drugs are prescribed. High dollar volume brand sales can seriously impact margins in the long run. Scotty Sykes, CPA, …
How to Maximize your Pharmacy’s Value for a Sale
Selling a pharmacy is a process that requires planning and strategy to maximize the value. In this video, Scotty Sykes of Sykes & Company, P.A. discusses some of the things you should do now to maximize the value of your pharmacy for …
Pharmacy Tax Planning for Year-End
Tax planning is a year-long process for independent pharmacies and even more so with the recent tax reform. In this video, Scotty Sykes of Sykes & Company, P.A. shares which pharmacy KPIs are important to monitor throughout the year as they relate …
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. …
Selecting Advisory Services for Selling a Pharmacy Business
How do advisors support a successful process from start-up through growth and in transitions? In this video, Ollin Sykes, CPA, discusses the role that pharmacy specific advisors play in helping you sell your pharmacy. This video highlights the preparation that should take …
Why You Need a Pharmacy Specific CFO
Growth increases the complexity of pharmacy accounting. This makes working with a CFO with pharmacy experience critical for your independent pharmacy’s continued growth. CFOs with pharmacy experience understand the metrics and pharmacy KPIs. In this video, Scotty Sykes, CPA, shares the benefits …
Why Mature Pharmacies Need Transaction Advisory Services
Who are the advisors that a mature pharmacy should have on hand to support growth? In this video, Ollin Sykes, CPA, discusses the transaction advisors that mature pharmacies should be sure to have on their advisory team, beginning with a pharmacy CPA. …
Pharmacy Advisory Services Promote Growth
We continue our conversation about the pharmacy advisory team you need during the start-up pharmacy phase. In this video, Ollin Sykes CPA, discusses who your start-up pharmacy should have in place to succeed. Learn which advisors must be on your team to …
