article thumbnail

CPAs Should Get Into Weed, Says CPA Into Weed (As a Business, That Is)

Going Concern

Hunzicker recommends approaching the cannabis niche with a broad knowledge base, including a full understanding of “cannabis science, medicinal uses, software tools, and business operations, then layer in accounting — GAAP, cost accounting, the tax codes and the court cases.” You love to see it!

cpas 72
article thumbnail

Specializing an Accounting Business: What and How?

PANALITIX

Cost Accounting. Commercial Finance. To help leadership analyze the operational performance of their business (product success, customer behavior etc.) and take action to increase profit. To prepare budgets, analyze and recommend on expenses such as labor, materials, shipping and production to maximize efficiency and profitability.

Account 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Learn When Your Should Outsource Your Accounting

xendoo

Expanding retail or office space. Other overhead costs. Outsource accounting teams can minimize these errors, eliminating the expense associated with mistakes. Optimize Costs. Accounting firms can streamline tax preparation to help growing businesses. Financial Reporting and Planning. Investing in new technologies.

Account 98
article thumbnail

US Inflation Balloons: 2.9 Pct Over Past 12 Months

PYMNTS

The biggest increases were seen in the cost of housing, where consumer demand is pushing inflation. percent jump in shelter costs accounted for about 60 percent of the increase in the overall CPI last month, the Labor Department said. The previous month’s CPI was up a scant.2

article thumbnail

Offering Virtual CFO Services in the Cannabis Industry with Guillermo Rodriguez

Anders CPA

And there’s courses out there to learn how the cost accounting works in the cannabis industry. And I came from a cost accounting background in construction and engineering. And then at the end is the retail. And so, I just decided I really wanted to be a part of that. Jody (00:31:28) – Yeah.

article thumbnail

How to Find the Best Real Estate Accounting Software for Your Business

Snyder

Best real estate accounting software solutions with general accounting features. Wave allows users to effortlessly manage their finances, create invoices, and track their expenses, all without the need for costly accounting software. If all you need is free basic accounting functions, Wave is the right choice.