Cash Vs. Accrual Accounting for Pharmacies

The Pharmacy Ownership Podcast | Episode 14 | When Opportunity Knocks: Buying Your Second Pharmacy

Buying or selling a Pharmacy? Contact us [https://www.sykes-cpa.com/ask-sykes/] Buying a second pharmacy can feel like a natural next step but the biggest challenge isn’t finding the opportunity, it’s being prepared when that opportunity shows up. In this episode of The Pharmacy Ownership Podcast, Austin Murray sits down with Ollin Sykes, CPA, CMA, CITP to break down what pharmacy owners need to consider before expanding and why readiness, not timing, is often the deciding factor in successful growth. They cover: - Why most pharmacy acquisition opportunities are unexpected—and how to be ready - The critical role of up-to-date financials and accounting fundamentals - Common mistakes that prevent owners from securing financing - The shift toward regional pharmacy ownership and multi-location strategy And more! Check out all our social media: Facebook [https://www.facebook.com/sykesandco%20] Twitter [https://twitter.com/OllinSykes%20] LinkedIn [https://www.linkedin.com/company/sykes-&-company-p-a-?trk=tyah]  Instagram [https://www.instagram.com/sykescpa/%20] Ollin Sykes, CPA, CITP, CMA LinkedIn [https://www.linkedin.com/in/ollinsykes/%20] More resources about this topic: Podcast - Cash Vs. Accrual Accounting For Pharmacies [https://youtu.be/NJ_VZuI6774] Podcast - Independent Pharmacy Accounting Fundamentals [https://youtu.be/cNGhqjwOUWs] Podcast - Avoiding Expensive Mistakes [https://youtu.be/47Y0ydauIn8]

The Pharmacy Ownership Podcast | Episode 13 | Insider Transitions: Selling to a PIC

Buying or selling a Pharmacy? Contact us [https://www.sykes-cpa.com/ask-sykes/] Selling your pharmacy to your PIC can seem like the perfect transition. But when you dig deeper, the structure, financing, and long-term implications can be far more complex than most owners expect. In this episode of The Pharmacy Ownership Podcast, Austin Murray sits down with Ollin Sykes, CPA, CMA, CITP to break down what it really looks like to sell your pharmacy to a PIC and how these internal transitions compare to outside buyers. They cover: * Why selling to a PIC can create more value for both the owner and the community * The key differences between stock sales and asset sales in internal transactions * How seller financing and SBA loans impact deal structure * The importance of working capital and how it can make or break the transition And more! Check out all our social media: Facebook [https://www.facebook.com/sykesandco%20] Twitter [https://twitter.com/OllinSykes%20] LinkedIn [https://www.linkedin.com/company/sykes-&-company-p-a-?trk=tyah]  Instagram [https://www.instagram.com/sykescpa/%20] Ollin Sykes, CPA, CITP, CMA LinkedIn [https://www.linkedin.com/in/ollinsykes/%20] More resources about this topic: Podcast - Cash Vs. Accrual Accounting For Pharmacies [https://youtu.be/NJ_VZuI6774] Podcast - Independent Pharmacy Accounting Fundamentals [https://youtu.be/cNGhqjwOUWs] Podcast - Avoiding Expensive Mistakes [https://youtu.be/47Y0ydauIn8]

What Changes When You Buy the Stock Instead of the Assets

Buying or selling a Pharmacy? Contact us [https://www.sykes-cpa.com/ask-sykes/] Buying a pharmacy through a common stock purchase can look deceptively simple but beneath the surface, the risks, liabilities, and due diligence requirements are anything but. In this episode of The Pharmacy Ownership Podcast, Austin Murray sits down with Ollin Sykes [https://www.linkedin.com/preload/#], CPA, CMA, CITP to break down the real mechanics of a common stock purchase and what pharmacy owners should expect when considering this type of transaction. They cover: * The critical role of multi-year due diligence and financial normalization * What you’re actually acquiring in a common stock purchase * Hidden liabilities buyers often inherit * And more! Check out all our social media:  Facebook [https://www.facebook.com/sykesandco ] Twitter [https://twitter.com/OllinSykes ] LinkedIn [https://www.linkedin.com/company/sykes-&-company-p-a-?trk=tyah]  Instagram [https://www.instagram.com/sykescpa/ ] Ollin Sykes, CPA, CITP, CMA LinkedIn [https://www.linkedin.com/in/ollinsykes/ ] More resources about this topic:  Podcast - Cash Vs. Accrual Accounting For Pharmacies [https://youtu.be/NJ_VZuI6774] Podcast - Independent Pharmacy Accounting Fundamentals [https://youtu.be/cNGhqjwOUWs] Podcast - Avoiding Expensive Mistakes [https://youtu.be/47Y0ydauIn8]

Cash Vs. Accrual Accounting for Pharmacies

Buying or selling a Pharmacy? Schedule an Appointment with our transition specialis [https://www.sykes-cpa.com/pharmacy-buy-sell-advisory-services/]t In this episode, Ollin B. Sykes, CPA, CMA, CITP and Austin Murray break down the key differences between cash and accrual accounting for independent pharmacies. They explain how accrual-based financials provide a clearer picture of pharmacy performance, from third-party receivables and inventory adjustments to balance sheet impacts on profitability. Check out all of our social media:   Facebook [https://www.facebook.com/sykesandco]  Twitter (X) [https://twitter.com/SykesCompanyPA]  LinkedIn [https://www.linkedin.com/company/sykes-&-company-p-a-?trk=tyah]  Instagram [https://www.instagram.com/sykescpa/]  YouTube [https://www.youtube.com/@sykescompanyp.a.]  Ollin Sykes – CPA, CITP, CMA LinkedIn [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa3lrWkpqS1RycWlnN3l4ZlAwVm1BcHdkYmN4d3xBQ3Jtc0trY1BtMXUxUERrT2Q5cHg0ZHBEN3lvb3RlWFBleTliMG5DRC1IdzhMMGY3NTFuMTFWTjRiZGJVV3EyakNTYTQzYTd3bzR6Vk51UlpyLXJ3Nmdwd19tNFZCQTVVVE5qZHNLZXBDNTc1b3JIUjIySVNobw&q=https%3A%2F%2Fwww.linkedin.com%2Fin%2Follinsykes%2F&v=smmNR_SFOwg]  More resources about this topic:  Podcast - Independent Pharmacy Accounting Fundamentals [https://youtu.be/cNGhqjwOUWs] Podcast - Avoiding Expensive Mistakes [https://youtu.be/47Y0ydauIn8]

Pharmacy Asset Sales 101

Buying or selling a Pharmacy? Schedule an Appointment with our transition specialis [https://www.sykes-cpa.com/pharmacy-buy-sell-advisory-services/]t In this episode, Austin Murray and Ollin B. Sykes delve into the complexities of pharmacy asset sales. They discuss the strategic considerations for both buyers and sellers. From asset allocation to the valuation of goodwill and script files, this episode provides a comprehensive guide to navigating these transactions. Check out all of our social media:   Facebook [https://www.facebook.com/sykesandco]  Twitter (X) [https://twitter.com/SykesCompanyPA]  LinkedIn [https://www.linkedin.com/company/sykes-&-company-p-a-?trk=tyah]  Instagram [https://www.instagram.com/sykescpa/]  YouTube [https://www.youtube.com/@sykescompanyp.a.]  Ollin Sykes – CPA, CITP, CMA LinkedIn [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa3lrWkpqS1RycWlnN3l4ZlAwVm1BcHdkYmN4d3xBQ3Jtc0trY1BtMXUxUERrT2Q5cHg0ZHBEN3lvb3RlWFBleTliMG5DRC1IdzhMMGY3NTFuMTFWTjRiZGJVV3EyakNTYTQzYTd3bzR6Vk51UlpyLXJ3Nmdwd19tNFZCQTVVVE5qZHNLZXBDNTc1b3JIUjIySVNobw&q=https%3A%2F%2Fwww.linkedin.com%2Fin%2Follinsykes%2F&v=smmNR_SFOwg]  More resources about this topic:  Resource - Pharmacy Startup Costs: Financing [https://www.sykes-cpa.com/pharmacy-start-up-costs-financing/] Resource - Pharmacy Startup Costs: Leases/Facility Planning [https://www.sykes-cpa.com/pharmacy-start-up-costs-leases-facility-planning/]