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The 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 assets

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More resources about this topic:  

Podcast – Independent Pharmacy Accounting Fundamentals 

Blog – Fundamentals of Pharmacy Accounting 

Presentation – Fundamentals of Pharmacy Accounting: Navigating 2024 and Beyond