Cannabis Bookkeeping
Sleep better at night knowing that all historical and current records are accurately recorded & up to date
Ready to use information allows you to pay your taxes on time and be responsive to banks and regulators;
Minimize errors that could cripple your business;
Remain compliant to 280E through proper cannabis industry accounting and tax planning.
Monthly Bookkeeping
Entry and categorization of transactions, processing receipts, and payments , account reconciliations, document management, journal entries, receipt research and collection, preparation of initial financial statements…
Bank Reconciliations
Reconciling accounting ledgers to bank balances, investigating discrepancies, monitoring bank activities to identify irregularities, preparation of necessary documentation for banks and regulators…
Cash Management
Ensure proper cash controls are in place, monitoring and tracking cash receipts, deposits and payments, reconciling POS transactions against cash controls, cash log, and system data…
Inventory Management
Reconciling POS and accounting system inventory with seed-to-sale track and trace system records, reviewing inventory counts against SOPs and system data, ensuring accuracy of inventory receipts and delivery, managing inventory adjustments…
Fixed Asset Management
Recording the cost of tangible and intangible fixed assets, tracking assets, calculating and recording depreciation and amortization, accounting for the disposal of fixed assets…
Cleanup
Implementing cannabis chart of accounts, entry and categorization of historical data, recognizing and recording owner contributions, periodic reconciling of bank accounts, cash and inventory, preparation of initial financial reports…