SERIES: Master The Margin Episode 2 | The Balance Sheet: A Snapshot In Time

Send us Fan MailThe Balance Sheet: A Snapshot in Time in how your pharmacy is financially from an asset, liability, and equity perspective.In this episode of Master The Margin, Scotty Sykes, CPA CFP® and Kathy Blanchard, Senior Pharmacy Accountant build on the foundational principles (fundamental accounting) discussed in their inaugural episode by exploring the balance sheet!Join Scotty Sykes, CPA, CFP®, and Kathy Blanchard, Senior Pharmacy Accountant explore:The formula "Assets = Liabilities + Equity" Its significance in providing a snapshot of a pharmacy's financial health Common assets you'll find on a pharmacy's balance sheet The importance of tracking current assetsSchedule an Rx AssessmentDid you like this episode? Stay up to date on new episodes by liking and subscribing!Read and follow along with this episode at the show transcriptStay connected with us on social media:Sykes & Company P.A.:  Facebook Twitter (X) LinkedIn Instagram YouTube  Hosts Scotty Sykes – CPA, CFP LinkedIn Scotty Sykes – CPA, CFP Twitter  More resources about this topic:  Podcast – Independent Pharmacy Accounting Fundamentals Blog – Fundamentals of Pharmacy Accounting Presentation – Fundamentals of Pharmacy Accounting: Navigating 2024 and Beyond