spotlight reporting<\/a> to provide highly visual financial statements that help explain cash flow projections and forecasting, as well as share reports that are specific to management and investors.<\/p>\n\u201cthat has been really helpful because it helps bring numbers to life,\u201d she said.<\/p>\n
garza said she works with all types of clients, but if they are looking to get licensed, she will refer that client to icomply. she said her sweet spot clients are those that are vertically integrated \u2013 have an operations company, a grow and a dispensary \u2013 and are poised for growth. typically, they are between $1 million to $15 million in revenue. she said once those businesses get bigger, they really need to have a controller managing the day-to-day.<\/p>\n
\u201cthey need to be nice,\u201d she added of potential clients. \u201cwe have a lot of interactions with them. they need to be communicative, respectful, and they need to want to be in compliance.\u201d<\/p>\n
garza said when it comes to her clients, their biggest challenges are that they try to do the accounting and compliance work on their own. they also are lacking connections to other professionals such as insurance agents, attorneys and cpas.<\/p>\n
\u201cthey basically try to do the work on their own and didn\u2019t understand how to mold the financials the correct way, or get the chart of accounts set up right, or have things flowing into the right sections of their financial statements so it actually gives them the most tax benefit,\u201d she said. \u201cusually getting hit with that first big tax bill is a big wakeup.\u201d<\/p>\n
in terms of her own team, she is currently on the search for what she calls \u201caccounting unicorns\u201d \u2013 or those unique individuals who are not just good at the numbers, but who have an interest in the clients and in the work. and while she found setting up a team in a denver office didn\u2019t work for her savvy and mobile crew, the technology the company uses keeps them well connected. cannacomply uses slack to talk with each other throughout the day and embedded in slack is zoom, which allows for on-demand, face-to-face video calls.<\/p>\n
\u201cwe are looking for people who are not only really great at accounting, but are also unique in their skill set, have really deep soft skills, are good communicators, inquisitive and who ask why a lot,\u201d garza said. \u201cthey don\u2019t accept the status quo of how things have traditionally been done. they are basically tiny entrepreneurs in our business. they are out there talking to people and making relationships happen.\u201d<\/p>\n
\u201cour goal is to offer financial statements and a road map to a positive future,\u201d she said. \u201cif they are looking at expanding, bringing on additional partners or employees, our goal is to arm them with information so they can make decisions.\u201d<\/p>\n
as for other accountants and cpas who want to move into the cannabis space, garza shared an \u201cabundance not scarcity\u201d mentality. she received most of her clients via referral and acknowledged that not every business will be a match for her company \u2013 and vice versa.<\/p>\n
\u201cbefore you get started, do your research,\u201d she said. \u201cknow what regulations you need to follow in your home state, be careful with your current business \u2013 we wanted to make sure we didn\u2019t lose banking and payroll \u2013 and then go for it. there are definitely challenges. you have to be a person who is less risk-averse. if you are happy and don\u2019t want to learn anything new, don\u2019t get into cannabis.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
\nnew accounting technology is part of the package.<\/strong>
\nby liz gold<\/em>
\ncannabizcpa.pro<\/em><\/a><\/p>\n","protected":false},"author":2463,"featured_media":58930,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2759,2734,3120,3002],"tags":[2727],"class_list":["post-58901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cannabis","category-podcast","category-pro-member-exclusive","category-special","tag-cannabiz"],"acf":[],"yoast_head":"\ncristina garza: keeping cannabiz clients in compliance - 卡塔尔世界杯常规比赛时间<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n