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 assetsSchedule 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