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Ollin Sykes, CPA, CITP, CMA

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Pharmacy Podcast NetworkPharmacy Podcast NetworkMcKesson IdeaShare 2025 LIVE Recap Series | Part Two🎙️ Podcast Show Notes — McKesson ideaShare 2025 | Part Two: Frontline Voices of Pharmacy Innovation Presented by the Pharmacy Podcast Network | On-site Press Coverage In Part Two of our exclusive press coverage from McKesson ideaShare 2025 in Nashville, we spotlight some of the most influential voices shaping the future of independent pharmacy. This episode features five compelling interviews that explore digital health, public policy, clinical innovation, and pharmacy entrepreneurship. 💡 Featured Guests: Nancy Lyons, BSPharm, MBA, CDCES, Vice President & Chief Pharmacy Officer at Health Mart, McKesson Crystal Lennartz, PharmD, MBA Vice President, Pharmacy Performance at McKesson C...2025-08-061h 03The Pharmacy Ownership PodcastThe Pharmacy Ownership PodcastPharmacy Ownership in 2025: Avoiding Expensive MistakesBuying a Pharmacy? Schedule an Appointment with our transition specialistThe NCPA Pharmacy Ownership Workshop provides valuable insights for both new and existing pharmacy owners. But what does ownership look like in 2025 and what are some of the major, and expensive mistakes owners can avoid? In this episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA, CMA, CITP, and Austin Murray discuss insights from a recent pharmacy ownership workshop, focusing on the importance of avoiding costly mistakes in pharmacy transactions and the need for strategic planning in pharmacy st...2025-05-3012 minThe Pharmacy Ownership PodcastThe Pharmacy Ownership PodcastInventory and Your Valuation: Tips For Maximizing The Value of Your PharmacyInventory can make or break the value of a pharmacy - especially during a sale.  But how do you ensure you’re handling it the right way? In this episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA, CMA, CITP, and Austin Murray break down the complexities of pharmacy inventory valuation and how it impacts transactions from both the buyer and seller perspectives. Tune in to learn more about: Why seasonal and expired items could hurt your bottom line How pre-sale inventory management can boost cash flow The differences between script and OTC inve...2025-04-1006 minThe Bottom Line Pharmacy Podcast: Sykes & Company, P.A.The Bottom Line Pharmacy Podcast: Sykes & Company, P.A.Navigating the Pharmacy Marketplace Featuring Wade Hinkle, Founder and CEO of Pharmacy Market PlaceSend us a textBuying from primary vs. Secondary wholesalers, when is it best for your pharmacy and how does it impact your bottom line?In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP, Bonnie Bond, CPA, and Ollin Sykes, CPA, CITP, CMA sit down with Wade Hinkle, Founder and CEO of Pharmacy Market Place to discuss:Optimizing pharmacy operations through technologyInefficiencies in traditional pharmacy purchasing methodsImportance of balancing primary vendor agreements with secondary market opportunitiesAnd more!More about Wade Hinkle:Wade Hinkle is...2024-12-1923 minThe Bottom Line Pharmacy Podcast: Sykes & Company, P.A.The Bottom Line Pharmacy Podcast: Sykes & Company, P.A.Tradeshow Series: Live from NCPA 2024 ConferenceSend us a textSchedule an RX AssessmentCatch up on the latest in pharmacy with our last installment of the 2024 Tradeshow Podcast Series!In this episode, Scotty Sykes CPA, CFP, Bonnie Bond CPA, Ollin Sykes CPA, CITP, CMA, and Kathy Blanchard, Senior Pharmacy Accountant come to you in person from the 2024 NCPA Annual Convention!They discuss trends they’re seeing in independent pharmacy, the current state of PBM reform, 2025 tax changes, and more!Stay connected with us on social media:  FacebookTwitter2024-11-2211 minThe Pharmacy Ownership PodcastThe Pharmacy Ownership PodcastDue Diligence: What to Look for When Buying a PharmacyLooking at buying a pharmacy? Do proper due diligence - schedule a meeting with us here.The most important step you can take when buying a pharmacy is performing the right due diligence, but what should you be looking for?In this episode of The Pharmacy Ownership Podcast, Scotty Sykes, CPA, CFP®, and Ollin Sykes, CPA, CITP, CMA share critical insights into the due diligence process when purchasing a pharmacy.Tune in to learn more.Did you like this episode? Stay up to date on new episodes by liking and subscribing!2024-10-2406 minThe Pharmacy Ownership PodcastThe Pharmacy Ownership PodcastThe Multi Store Owners Guide to Selling Your PharmacyThink you're ready to sell your pharmacy? Schedule a meeting with us! If you're a multi-location pharmacy owner, you’re going to want to tune in to this episode of the Pharmacy Ownership Podcast! In this episode Scotty Sykes, CPA, CFP® and Ollin Sykes, CPA, CITP, CMA tackle a common yet complex issue: selling a single pharmacy location from a multi-store entity.  With real-world examples, Scotty and Ollin walk you through: The crucial steps of spinning off one location Importance of proper accounting practices, like using class codes for pr...2024-09-2707 minThe Bottom Line Pharmacy Podcast: Sykes & Company, P.A.The Bottom Line Pharmacy Podcast: Sykes & Company, P.A.Finishing the Fight: What’s Next for Independent Pharmacy with Doug Hoey, CEO of NCPASend us a text🎉 It’s episode 50 which means it’s time to celebrate a milestone! 🎉In this milestone episode, Ollin Sykes, CPA, CMA, CITP and Bonnie Bond, CPA are thrilled to sit down with the esteemed Doug Hoey, CEO of the National Community Pharmacists Association (NCPA).This episode is packed with updates and insights into:Payment ReformFinish the Fight CampaignAdvice for Independent Pharmacy Owners in 2024Join the Discussion with Ollin Sykes, Bonnie Bond, and Doug Hoey!Schedule an Rx AssessmentStay up to date on new episodes b...2024-07-2526 minThe Pharmacy Ownership PodcastThe Pharmacy Ownership PodcastAssessing The True Value of Your PharmacyOne of the most common questions we get from pharmacy owners looking to buy or sell a pharmacy is “what’s the pharmacy worth?”In this episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA, CITP, CMA and Scotty Sykes, CPA, CFP discuss assessing the worth of your pharmacy, maximizing the value of your pharmacy, maximizing cash flow, and more!Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes.  Want to read and follow...2024-06-0706 minThe Pharmacy Ownership PodcastThe Pharmacy Ownership PodcastPreparing to Sell Your PharmacyBefore selling your pharmacy, it’s important that you have sound financials, but what other steps need to be taken? In this episode of The Pharmacy Ownership Podcast, we dive deep into what you need to consider when selling your pharmacy. We talk about what pharmacy lending banks are looking for, cash vs. accrual accounting, perpetual inventory, and more! Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes.  Want to read and follow along with this episode? Click here for t...2024-05-0305 minThe Bottom Line Pharmacy Podcast: Sykes & Company, P.A.The Bottom Line Pharmacy Podcast: Sykes & Company, P.A.Improving Cash Flow with Inventory Management with Jared BartonSend us a textIf you saw every bottle or capsule on your shelf as a $100 bill, you might be trying to find ways to get that money into your bank account, especially in the cash flow crunch that pharmacies are facing now.This is exactly what perpetual inventory from Inventory IQ allows you to do.In this episode of The Bottom Line Pharmacy Podcast, we share insights to help you keep cash in your bank, not on your shelf. We dive deep into inventory management, how to improve your cash flow, ways...2024-05-0227 minThe Pharmacy Ownership PodcastThe Pharmacy Ownership PodcastWhat is Due DiligenceBefore buying a pharmacy, it’s important that you do your due diligence, but what does due diligence look like?  On this episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA, CMA, CITP and Scotty Sykes, CPA, CFP discuss everything about Due Diligence.   We share the different types of due diligence, why it’s important to do your due diligence, what information you need to look for, and more! Stay up to date on new episodes by liking and subscribing!  Interested in learning more about the podcast team and th...2024-04-0407 minThe Pharmacy Ownership PodcastThe Pharmacy Ownership PodcastHow to Buy a PharmacyAre you interested in buying a pharmacy but aren't sure how or where to even start?   Often, we get approached by entrepreneurs looking at buying a pharmacy but aren’t sure what kind of pharmacy they are buying and what the difference between an asset purchase and a common stock purchase is.   In this episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA, CITP, CMA and Scotty Sykes, CPA, CFP bring you 40 years of pharmacy CPA insights that dive deep into how to buy a pharmacy, some things you need to consid...2024-03-0804 minThe Pharmacy Ownership PodcastThe Pharmacy Ownership PodcastAre You Ready to Sell Your PharmacyAre you planning on selling your pharmacy? Do you think you’re ready to sell your pharmacy? Many pharmacy owners underestimate the amount of time and planning it takes to optimize the value of your pharmacy so you can make the most money from your transition.   On this first episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA CMA, CITP and Scotty Sykes, CPA, CFP share insights into how to make the most money from your pharmacy sale, proper timing and planning when selling your pharmacy, what you need to consi...2024-02-0907 minThe Bottom Line Pharmacy Podcast: Sykes & Company, P.A.The Bottom Line Pharmacy Podcast: Sykes & Company, P.A.History of Sykes & Company, P.A. in Pharmacy AccountingSend us a textWe get asked all the time about how we got our start here at Sykes & Company, P.A., so we invited founder Ollin Sykes, CPA.CITP, CMA – the pioneer himself – to tell us how he got started in pharmacy accounting. Join Ollin, Bonnie Bond, CPA, Kendell Harris, CPA and Scotty Sykes, CPA, CFP® on this episode of The Bottom Line Pharmacy Podcast as they talk about how Sykes & Company, P.A. grew their niche assisting independent pharmacies nationwide.  As always, ask Sykes if you have any questions pertaining to pharmac...2022-09-0717 minPharmacy Podcast NetworkPharmacy Podcast NetworkAcquisition Road Map: Structuring and Evaluating a Purchase | Live Oak BankIn this episode Greco DeValencia, VP of Pharmacy lending at Live Oak Bank talks with Ollin and Scotty Sykes of Sykes & Company, P.A. about an essential step of the acquisition process: structuring and evaluating a business purchase. Greco De Valencia VP - Pharmacy Direct: 910-375-5921 Mobile: 916-710-6669 Email: greco.devalencia@liveoak.bank Website: www.liveoakbank.com/pharmacy Ollin B. Sykes, CPA.CITP, CMA Direct: 252-632-0012 Email: ollin@sykes-cpa.com Twitter: @OllinSykes Website: https://www.sykes-cpa.com/ Scotty Sykes, CPA, CFP® Direct: 252-632-0026 Email: scott@sykes-cpa.com Twitter: @ScottySykesCPA Website: https://www.sykes-cpa.com/ Learn more about...2022-04-2250 min