As a cannabis business, you will need a chart of accounts to keep your accounting under control.
It helps to have a specific cannabis chart of accounts to help mitigate the impact of 280E on your cannabis business taxes.
This chart of accounts is also necessary to see how you spent your money in prior periods so that you can budget your money properly for the next period.
In this video, we will cover:
- What is a Chart of Accounts?
- Cannabis Chart of Accounts Considerations
- Implementing a Chart of Accounts
If you need help with your cannabis business accounting of getting a cannabis chart of accounts, then please reach out to us at: https://greengrowthcpas.com/get-started/ or call 800-674-9050.