Cannabis Bookkeeping is a complex system due primarily from the unjust tax burden of IRC 280e and inadequate banking solutions. However, like any business paving their way to success, a solid accounting system is the foundation needed to determine profitability, gauge operational efficiencies and market trends. Without reliable and consistent financial data, a business and their management team are left incapacitated.
The bookkeeping systems and processes we implement have been developed to:
- provide consistent, reliable and accurate financial data
- educate and empower our clients around their finances
- determine the financial health of a business; cash flow, debt financing, profitability ratios compared to industry standards, etc.
- ensure that your company's books are ready for your CPA to process your annual income tax returns
And like a well defined habit, our clients understand that in order to maintain the integrity of their finances, a solid bookkeeping system is one that is practiced monthly.
Organize around business functions, not people. Let systems run the business and people run the systems ~ Michael Gerber