Bookkeeping

Month End Close Process: Importance, Checklist & Best Practices

Now that you’ve collected your financial reports, you have an opportunity to make changes to your business. It helps you with spend management and risk management, ensuring the company’s financial health. Account reconciliations help you spot mistakes in your financial reporting. You can also check your account statements for evidence of fraudulent transactions. Accurate monthly […]

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Cannabis Accounting Education and Training Bookkeepers CPAs Tax

Section 280E of the Internal Revenue Code is a real headache for most cannabis companies operating legally in states where cannabis is legalized. It was initially meant to prevent illegal drug traffickers from claiming business expenses on their federal tax returns. However, it also applies to cannabis industry professionals, even if they’re following state laws.

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