This episode of Master The Margin expands on the Balance Sheet by sharing the ins and outs of pharmacy leasing...more specifically, capital leases and operating leases.
Scotty Sykes, CPA, CFP and Kathy Blanchard, Senior Pharmacy Accountant take a deep dive into:
- The key differences between capital leases and operating leases
- Why most equipment leases in pharmacies are capital leases
- Best practices for evaluating your financing options
Need help understanding your balance sheet? Schedule an Rx Assessment with us: https://www.sykes-cpa.com/rx-assessment-service/)
Listen to previous episodes here: https://www.youtube.com/watch?v=v3hFJluMST8&list=PLbdUM3PBAwLsqJc2QZAXdJNMsENdgl3aO)
More resources on this topic:
Podcast – Master The Margin: Fixed Assets 101: https://www.sykes-cpa.com/pharmacy-fixed-assets/)
Blog – Tax-smart Depreciation on Pharmacy Buildings and Equipment: https://www.sykes-cpa.com/tax-smart-depreciation-on-pharmacy-buildings-and-equipment/)
Video – The Right Way to Depreciate Pharmacy Equipment: https://www.youtube.com/watch?v=DjPRp4EKk1s)
