Looking for accountants that specializes in unique problem-solving skills and expert solutions to help your business grow? Look no further than Budding Accounting Solutions. Our female-led team is fully remote, making it easy to work with us from anywhere. Check out our services to see how we can help your business thrive.
Our Services
Bookkeeping Services
We offer full-service accounting and bookkeeping solutions tailored to the needs of cannabis businesses. From day-to-day transaction recording to monthly financial statement preparation, we ensure accurate and up-to-date financial records that enable you to make informed business decisions.
Controller Services
Our financial reporting services provide you with comprehensive insights into your business's financial health and performance. We generate accurate and timely financial statements, conduct financial analysis, and offer meaningful reports to help you understand key metrics, identify trends, and make informed decisions. Effective cash flow management is essential for the success and sustainability of any business. We assist in optimizing your cash flow by developing projections, monitoring inflows and outflows, and providing recommendations for improved liquidity and working capital management. Staying compliant with the ever-changing regulations of the cannabis industry is crucial. We help you navigate the complex regulatory landscape, including licensing requirements, reporting obligations, and 280E tax regulations, ensuring that you remain compliant and avoid costly penalties.
Lite CFO Services
These services are designed to provide essential financial management support without the full-scale commitment. We can offer insights on business strategy, growth opportunities, pricing strategies, and other non-financial aspects that impact your business's overall success. We can also help streamline accounting procedures, implement financial systems or software, and establish effective internal controls. We assist in developing comprehensive financial plans and budgets that align with your business goals and objectives. Our experts provide strategic guidance on revenue projections, expense management, and resource allocation, empowering you to make sound financial decisions and achieve your desired outcomes.
Maximizing Your Profits with Our Accounting Services
CASE STUDY
Although only 1-2% of small businesses receive an IRS audit each year, an unprepared business can result in hefty penalties and interest. In 2021 we were approached by a business owing nearly $100,000 to the IRS after a recent audit: the result of inaccurate record keeping. We cleaned up their books, then created a fail-proof process for accurately categorizing transactions and reviewing the financials each month. After the cleanup, an audit reconsideration was requested, and this business decreased their tax audit bill by 40%.
Often a business owner’s ability to receive funding is directly impacted by the presentation of its financial statements. We like to ask the question, “Do your financials accurately reflect the operations of your business?” In 2022, we began working with a small business that couldn’t meet its growth goals due to its existing debt structure. When the owner approached his bank to request funding, the bank did not feel that his financials accurately represented the operational story he told. Upon review of his financials, we could easily identify mis-categorization of expenses and income, as well as a lack of regular reconciliation. Once we restructured his chart of accounts, reclassed transactions, and tied out his loans, his Profit and Loss and Balance Sheet told a completely different story to the bank. Our client was then approved for debt reorganization which opened a $150,000 line of credit and an overall reduced interest rate on debt.
We offer full-service accounting and bookkeeping solutions tailored to the needs of your businesses. From day-to-day transaction recording to monthly financial statement preparation, we ensure accurate and up-to-date financial records that enable you to make informed business decisions.
Bookkeeping Services
Our financial reporting services provide you with comprehensive insights into your business's financial health and performance. We generate accurate and timely financial statements, conduct financial analysis, and offer meaningful reports to help you understand key metrics, identify trends, and make informed decisions.
Effective cash flow management is essential for the success and sustainability of any business. We assist in optimizing your cash flow by developing projections, monitoring inflows and outflows, and providing recommendations for improved liquidity and working capital management.
Controller Services
These services are designed to provide essential financial management support without the full-scale commitment. We can offer insights on business strategy, growth opportunities, pricing strategies, and other non-accounting aspects that impact your business's overall success. We can also help streamline accounting procedures, implement financial systems or software, and establish effective internal controls.
We assist in developing comprehensive financial plans and budgets that align with your business goals and objectives. Our experts provide strategic guidance on revenue projections, expense management, and resource allocation, empowering you to make sound financial decisions and achieve your desired outcomes.
Lite CFO Services
Looking for accountants that specializes in unique problem-solving skills and expert solutions to help your business grow? Look no further than Quantum Accounting Associates. Our female-led team is fully remote, making it easy to work with us from anywhere. Check out our services to see how we can help your business thrive.
Our Services
