CannaCFO Magazine Issue 1 | Page 21

Payroll, Rent, and Other Expenses: Depending upon where you are at in the supply chain and whether you are changing the molecular nature of the product (i.e., cultivation/manufacturing), you may be able to take indirect cost of goods sold as a deduct against your income. This would include payroll, rent and other expenses.

Cash Forecasting: Ask your accounting team to “Show me the money!” Once your “Historical” reports and accounting are rock solid, you can receive an easy-to-understand accurate cash flow predictive report.