Your business finances don’t have to be overwhelming for you and your bookkeeping team. Even if you have no team and you’re on your own taking care of the books for your small business, it’s time to consider investing in these five finance tools. As a scaling, efficient bookkeeping team, we’ve tried nearly every bookkeeping software solution available—but you don’t have to. Here are the five we depend on most to organize, share, and protect our clients’ business finances (and our own) every day.

I distinctly remember the thrill of opening my first credit card. At a department store, where I was spending more money than I probably should have been, the sales associate at the cash register offered me the opportunity to open a store card extolling the benefits of using their card– including a 20% discount on my purchase that day. I signed up immediately. It didn’t take long to regret the decision. I’ve never been one to act so impulsively when it came to my personal finances and couldn’t believe how easily I took the bait.

If you’re reading this, I would like to thank you for being a part of the Breakaway story. Every one of our colleagues, clients, friends, believers has had an important part of building this amazing community that supports small businesses and brings JOY to accounting, for both our clients and our advisors.

The topic of credit scores is highly debated. Some people say that credit scores don’t matter and that there are other ways to secure financing with either low scores or no credit history. But I’m here to say they do matter. And they are one of the best tools that a person has to have some control over their financial future.

Twenty twenty-one is boom time. Everyone is getting back out in the world and having a good time. People who were stuck at home all last year are now traveling and seeing friends and family… But in between those BBQs and vacations, it’s time we should all spend a few minutes focused on our finances. After all, now that it feels like the world hit the “reset” button, there’s no better time to check in and see where you stand, by the numbers.

In the new year, I will celebrate a more joyful office culture, flexible schedules, borderless partnerships and being mission-driven. These values will make your employees happier and make your company more successful.

There are many reasons new businesses fail, and cannabis companies are not immune to the same issues non-cannabis operators face. The accountants and advisors at Breakaway have seen that financially savvy, professionally operated cannabis entities are far more likely to thrive. In the following piece, we list the three most common reasons cannabis businesses fail and provide guidance on how to avoid these pitfalls.

California is famous-or infamous, depending on your perspective- for their comprehensive consumer protection laws. While many decry these burdensome, costly regulations, they save lives and foster safer living conditions. The author is not against regulations per se but believes that products with similar risks should be subject to similar regulations.

This article wraps up my story of becoming an entrepreneur. Thanks for reading. As we discussed the tips and lessons I learned to help build a successful business, I am thrilled to leave you with this final piece.

Endemic to the cannabis cultivation business is a significant timing difference between upfront expenses vs delayed revenue receipt compared to other verticals in the cannabis industry. Especially with cost-basis accounting, it is difficult to discern the underlying value of a cultivation business by merely looking at an income statement. In this piece we’ll explain how to prove the value of a cultivation business.