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Dopelogo
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Cannabis Accounting Software Issues

CANNABIS ACCOUNTING SOFTWARE ISSUES

This session is intended for firms with a staff size of 5 or less.
Cost Free
Presentation Length 1.0 hour

Recorded DateJuly 15, 2019
CPE:Not available
(archived webinars do not offer CPE credits)
Course LevelBasic
Who should attend?CPA - small firm
Course Description

The cannabis industry lacks viable software solutions. A lack of cannabis friendly software solutions have posed many challenges to accounting professionals, owners, operators, and investors. Without centralized software solutions that integrate and speak to one another, it makes it extremely difficult to build monthly, quarterly, and yearly reporting that are required at the state and federal level. These reports include required bank reporting, consolidated financials for investors and lenders, and others. Cannabis accountants often have to hire extra staff or work long hours to do the laborious work that software should be able to streamline. This cuts into their bottom line and the lucrative opportunity of the cannabis niche market.

Learning Objectives:


  • A few software systems to keep an eye out for due to recent significant financial backing that could make them elite solutions in a few years.

  • Workaround solutions including POS systems, Payroll solutions, reconciliation ideas and more. Plus, some operation solutions to address communication, data storage and project management needs.

  • Working with state mandated software such as Metrc and the difficulty in matching them to the accounting that you have to cobble together from spreadsheets, software workarounds and good-old-fashioned ‘accounting-by-hand’.

  • A few suggestions that may work for your chart of accounts based on what we have developed for cultivation, extract, edibles and retail as part of our cannabis accounting system.

PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Andrew Hunzicker

DOPE CFO
Co-Founder
andrew@cfobend.com
(405) 990-4370

Dopelogo

Andrew co-founded DOPE CFO and is an expert in cannabis startups, CFO services, turnaround and high-growth strategies, capital sourcing, mergers, exits and wealth protection. He has served in Big 4 including PriceWaterhouseCoopers, as well as the winner of the 1995 Gold Medal Award for the highest score on the CPA exam. Andrew was runner up for Portland Business Journal's CFO of the Year in 2017, making him the first cannabis CFO to ever be nominated.

Linkedin

Allie Collins

GoCo
Director of Marketing
allie@goco.io

Goco

Linkedin

Naomi Granger, CPA, MBA

DOPE CFO
Co-Founder and Owner
naomi@dopecfo.com
(917) 291-1161

Dopelogo

A former “Big 4” accounting professional, Naomi has over 12 years of experience in both public accounting and industry accounting. She has managed large global teams responsible for planning, performing and managing audits of financial statements and internal controls over financial reporting. Noaomi was featured in MJ Biz’s Jan 2019 issue in their "Women to Watch" section.

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