The cannabis industry is here to stay. As Canada’s lawmakers prepare to unveil their strategies for the legalization of the marijuana market on October 17, business owners that have already set up shop in the cannabis industry are figuring out the best way to operate their companies. This is giving rise to a new opportunity for accountants and bookkeepers seeking a niche audience: managing the numbers for a cannabis-based firm.
In this guide to construction bookkeeping, we review some of the key factors that any contracting business should consider as they review their bookkeeping processes. Contractors and their company bookkeepers alike can use this guide to ensure they are thinking through the various scenarios and complexities when it comes to setting up a construction bookkeeping system.