Date: Thursday, June 24
Time: Noon CDT | 1 p.m. EDT
A lot has evolved in the pharmacy industry since the arrival of COVID-19, but one factor remains constant for success: fundamental accounting. This webinar -- the first in an extended series -- will explore why fundamental accounting is critical to pharmacy success, what best practices pharmacies should implement in the back office and tips and strategies for minimizing taxes and maximizing cash flow and profitability.
Presenters:
Ollin Sykes, CPA, CITP, CMA, Sykes & Company, P.A.
Scotty Sykes, CPA, CFP® Sykes & Company, P.A.
About Sykes & Company
Sykes & Company, PA is the nation's premier accounting firm for independent pharmacies. Sykes has empowered hundreds of pharmacies across the country to boost their profitability and bottom line by helping them improve performance across multiple facets of their operation.
This is the first in a series of monthly webinars aimed at empowering our members to take charge of their pharmacy finances. Here are future webinar dates, topics & registration links:
July
Date: Thursday, 7/22 | 6 p.m. CDT | 7 p.m. EDT
Presenters: Scott Sykes, CPA, CFP® & Kathy Blanchard
Title: Third Party Receivable and Inventory Best Practices for Pharmacies
As key fundamental components of your accounting system, ensuring third-party receivables and inventory best practices are in place is vital to understanding the performance of your pharmacy. This webinar will overview unique aspects of third-party receivables and inventory, plus we’ll discuss best practices for managing these areas in your pharmacy and accounting system.
August
Date: Thursday, 8/26 | 1 p.m. CDT | 2 p.m. EDT
Presenters: Scotty Sykes, CPA, CFP® & Ollin Sykes, CPA, CITP, CMA
Title: Managing Debt and Maximizing Cash Flow
Debt is a vital component of your pharmacy, balance sheet, cash flow and growth. This webinar will discuss the various forms of debt, common mistakes in managing debt in a pharmacy and how to structure debt to maximize your cash flow.
September @ APEX
Date: Friday 9/10, LIVE at APEX Conference in San Antonio (1.5 hrs of CE Credit)
Presenters: Scotty Sykes, CPA, CFP® & Ollin Sykes, CPA, CITP, CMA
Title: The Big Picture – Bringing Pharmacy Accounting Together to Maximize Your Opportunities
Up to this point, our webinar series has covered the fundamentals, third-party receivables, inventory and debt management. This live CE event will bring it all together so you can see how these components work together to give you the information you need to better manage and grow your pharmacy business. We’ll also touch on how to read your financial statements and discuss the key pharmacy performance indicators you need to know. Finally, we’ll leave you with a teaser of important tax topics that we’ll cover in more detail in our last webinar on Nov. 4.
November
Date: Thursday, Nov. 4, 6 p.m. CST | 7 p.m. EST
Presenters: Scotty Sykes, CPA, CFP® & Kendell Harris, CPA
Title: Pharmacy Tax Planning and Mitigation in 2021
Many tax changes and developments have transpired since the pandemic and the inauguration of President Biden. This webinar will discuss key tax planning strategies, developments and legislative updates you need to know to manage your tax mitigation opportunities and maximize your cash flow.
All webinars will be recorded and we will make
each recording available online the day after the webinar.
