Why Serving the Cannabis Industry Can Be Dope for Accountants | GoingConcern.com
In an interview with Going Concern, DOPE CFO founders Andrew Hunzicker, CPA, and Naomi Granger, CPA, explain what common cannabis accounting mistakes CEOs make and why the industry presents a huge opportunity for accounting professionals.
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Everything You Need to Know About Cannabis Software but were Afraid to Ask
Currently, the cannabis industry lacks a comprehensive software solution
In today’s cannabis world, there are monthly, quarterly, and yearly reporting requirements at the State and Federal level which include required bank reporting, and investor & lender reporting. This reporting is complex and requires specific software tailored to the industry, which means general business solutions will not work. Popular accounting systems like Quickbooks and Xero don’t...
5 Biggest Mistakes Cannabis CEOS Make | CPATrendlines.com
One of the single biggest mistakes made by cannabis CEOs is not paying enough attention to compliance. DOPECFO.com's Andrew Hunzicker breaks down the 5 biggest mistakes... and how to use them to land a client.
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5 Biggest Mistake Cannabis CEOS Make that Can Put Them Out of Business… Quick!
With an influx of new businesses in the cannabis space, it is easy to get caught up in the opportunity that this burgeoning market brings. As marijuana makes it’s transition from a street drug to a medicinal substance used in various treatments, to a state-legal - yet Federally classified Schedule I drug, some investors and CEOs are making the crucial mistake of not treating their investments as businesses.
Here are some common missteps that canna-business startups can avoid,...
Top 5 Reasons Superior Financial Reporting is Crucial to Cannabis Businesses
Tracking Sales of Marijuana: It’s the Law
Under most States cannabis licensing requirements, thorough financial accounting and record keeping is part of State Law. A number of states have very high penalties for not keeping accurate books and financials. Under IRS codes sections 280E and 471, accrual accounting (as opposed to cash accounting) is required to maximize allowable allocations of certain costs into Cost of Goods Sold (“COGS”) and Inventory. See more information on...
Five Secrets to Launching Your Own Cannabis Accounting Firm | CPATrendlines.com
In a recent article by DOPE CFO's Andrew Hunzicker, he shares five secrets to launching a cannabis accounting firm.
"To succeed in an accounting business in the booming cannabis niche, firms must be able to deliver real value to clients."
To learn more at cpatrendlines.com, click HERE
CPA Andrew Hunzicker Creates Course in Cannabis Accounting | CPATrendlines.com
Andrew Hunzicker has created a course to teach other CPAs, accountants and bookkeepers what they need to know to break into the cannabis industry.
To read more at cpatrendlines.com, click HERE