Sun Oct 10, 2021 | Alan Lefkowitz | Business, Cannabis, Small Business
Experts believe that marijuana sales will total $160 billion in annual revenue in the United States by 2025. Even from 2020 to 2021, sales increased by 30%, putting the industry on a significant upward trajectory. With figures like this, it’s only natural to wonder whether you have the knowledge and ability to build a successful cannabis company. However, in such a saturated market, having a cannabis business plan might mean the difference between a successful company and one that fails to stand out.
Read More Wed May 26, 2021 | Alan Lefkowitz | Accounting, Business, Small Business
Conducting a monthly bank reconciliation helps you understand your company’s cash flow, protect against overdraft fees, and guard against fraud. The bank reconciliation process is vital to the checks and balances (no pun intended). The best practice is to ensure that no individual has control over all financial transactions for a business.
Read More Wed May 26, 2021 | Alan Lefkowitz | Accounting, Small Business
As any small business owner, you know that you must keep track of your financial data: what your company earns, what your company owes, and what your company is worth (owner’s equity or stockholders’ equity). A small business balance sheet helps you organize and document this information so that you can assess not just your business’s assets, liabilities, and equity but, most importantly, the overall financial health of your company.
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