Understanding The Balance Sheet: A Snapshot In Time | Master the Margin

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 assets

Schedule an Rx Assessment: https://www.sykes-cpa.com/rx-assessment-service/ 

More resources about this topic:  

Podcast – Independent Pharmacy Accounting Fundamentals: https://www.sykes-cpa.com/independent-pharmacy-accounting-fundamentals/ 

Blog – Fundamentals of Pharmacy Accounting: https://www.sykes-cpa.com/fundamentals-of-pharmacy-accounting/ 

Presentation – Fundamentals of Pharmacy Accounting: Navigating 2024 and Beyond: https://www.sykes-cpa.com/wp-content/uploads/2024/07/IdeaShare-Workshop-Digital-Presentation.pdf