Cash Flow Management Tips for When Money is Tight and other Accounting Solutions - Sponsored by Live Oak Bank

Saturday, October 18, 2014, 1:30 pm – 3:00 pm
Austin Convention Center
Location: 19AB, Level 4
Continuing Education Credits: 1.5 (0.15 Contact Hours)
ACPE #: 207-000-14-211-L04-P and ACPE #: 207-000-14-211-L04-T

A slow payer, a business growth surge, an unexpected expense—all of these situations can leave you with cash flow problems that affect your business. How do you address and prepare for these situations? This session will give insight into accounting and banking solutions that can help you to forecast and avoid cash flow and cash management problems, and a whole lot more.

Pharmacist and Technician Learning Objectives:

  1. Explain what you should be looking for in your review of monthly balance sheets for your pharmacy, to better manage your cash flow.

  2. Describe the relation between the balance sheet and the profit and loss statement and how these numbers affect your short and long term opportunities.

  3. Differentiate the key financial numbers you should focus on to better understand your pharmacy on a month by month basis.

Speaker: Ollin Sykes, CPA.CITP, CMA, president, Sykes & Company, PA, Edenton, North Carolina

Activity Type: Application-based
Audience: Pharmacists and Pharmacy Technicians