Providing world-class accounting service to your Cannabis clients includes knowing all the complicated processes that general accountants would likely not understand. One of these industry-specific processes is seed to sale tracking software. This state-mandated tracking requirement is different in each state, extremely difficult to navigate, and directly affects compliance with the 471-11 tax code.
Fortunately, understanding seed to sale and helping your clients generate accurate reports and properly conducting cost accounting (instead of accumulating significant penalties) doesn't have to be overwhelming. Along with covering five key workarounds for seed to sale challenges, this webinar also features insights into:
In a nutshell, “seed to sale” is what states use to track a Cannabis plant from the time a seed is planted, to the final consumer product delivery. This tracking and reporting is mandated by states where Cannabis sales are legal, and license holders must adhere or face revocation. Seed to sale software is extremely difficult to use, doesn’t integrate well with other Cannabis or accounting software, and creates a huge headache for Cannabis CEOs and accounting professionals alike. And on top of seed to sale reporting required for state-mandated tracking, proper cost accounting is required to help Cannabis businesses better manage their company, as well as maximize tax deductions.
The good news is you, the accounting professional, can smoothly manage this entire process and bring incredible added value to your clients if you have the right tools, processes, and procedures in place.
Join DOPE CFO co-founders Andrew Hunzicker, CPA, and Naomi Granger, MBA, CPA as they host our webinar, “5 Key Work Arounds for Navigating Seed to Sale Challenges.” Andrew and Naomi cover the importance of seed to sale tracking in today’s Cannabis landscape, challenges faced by both CEOs and accountants, and how you can leverage certain tools to manage one of the most complex aspects of Cannabis accounting.
As a bonus, watch our presentation until the end for an exclusive, exciting offer to gain tools to help you rock seed to sale tracking.
Andrew Hunzicker, CPA
Co-Founder and Owner
DOPE CFO
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Naomi Granger, MBA, CPA
Co-Founder and Owner
DOPE CFO
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