CANNABIS BOOKKEEPING
STILL TRACKING EXPENSES IN EXCEL? WORRIED NOT ALL OF THE MONEY YOU SPENT ON YOUR BUSINESS IS ACCOUNTED FOR? IT'S TIME TO DELEGATE AND GET YOUR TIME BACK!
What is the difference between bookkeeping and accounting?
Bookkeeping and accounting, while related, serve different functions in the financial management of a business.
Bookkeeping: the process of recording daily transactions on a cash basis (some bookkeepers are trained on accrual accounting, but this is something to ask about), this includes categorizing transactions, reconciling bank statements, and sometimes preparing financial statements. A bookkeeper's role is primarily transactional, ensuring all financial transactions are accurately recorded in a timely manner.
Accountant: on the other hand, is a more advanced level of managing a business's financial information. Accountants, who typically hold a degree in accounting, handle more complex tasks beyond cash basis accounting. They manage accruals, lease accounting, cost accounting, and other advanced financial matters.
In essence, bookkeeping is about keeping accurate records of financial transactions, while accounting involves interpreting, classifying, analyzing, reporting & summarizing this financial data for your cannabis business.
Bookkeeping Services:
For the Budding Cannabis Business
Whether you're a pre-revenue startup or a growing business starting to see revenue, our bookkeeping services are designed to keep your financials in check. We understand that as a business in the cannabis industry, you have unique financial needs and challenges. That's why our bookkeeping services are tailored to help you categorize transactions, manage receipts & invoices, and ensure your financial records are accurate and up-to-date.
Starting at $500 per month for basic bookkeeping, we offer packages that scale with your business. For $1000 per month, you'll get everything in basic bookkeeping plus monthly financials reviewed by a CPA and fixed asset accounting. And for businesses with lease obligations greater than 12 months, our $1500 per month startup package includes everything in the Launch package plus ASC 842 lease accounting. With our bookkeeping services, you can focus on what you do best - growing your cannabis business.