What Does a CEO get from
Higher Level Accounting
So What Does A Cannabis CEO Get From Our Firm | Established CPA Firm | Trained Quickbooks Bookeeper | Cannabis Accountant | In House Staff/CFO | |
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Probably Nothing (as they are not in the space) | |||||
High Costs, Taxes, Insurance, Turnover | |||||
Data Entry of Expenses and Deposits | |||||
Professional Onboarding/Cleanup | |||||
Proprietary Chart of Accounts for all Cannabis Industries | |||||
Solid Record Keeping (support docs attached to each transaction) | (May be) | (May be) | (May be) | ||
Bookkeeping (Bank/Credit Card recs, Basic financials Printed) | |||||
Accountant/CPA review of entry and Recs | |||||
Preparation of GAAP Accruals, including required cost accounting | (May be) | (May be) | |||
Preparation of Month End Tie Out Report (all BS/sign P&L accts tied to supporting sched/recs /accruals) |
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Preparation of Professional/GAAP Financials and Month End Reports | (May be) | (May be) | |||
Preparation of 9 mth Rolling Cash forecast (maybe) (one page presentation: forward looking BS/P&L/Cashflow) |
(May be) | ||||
Other Value Add docs (Models, HR docs, etc) | (May be) | (May be) | |||
280e Tax workpapers (convert GAAP to 280e/471 ready) | (May be) | (May be) | |||
Tax Prep, Annual Tax Planning, Strategic Planning | (May be) | (May be) | |||
Perpetual Data Room (all corporate, financial, tax, insurance, contracts on cloud always ready any day/every day for investors/lenders/auditors) |
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Fixed Fee Pricing/ We grow as you grow | |||||
More Cash: increased Margins, better tax planning, maximize available deductions |
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More Time and Peace of Mind (less CEO time on financials and worry about compliance) |
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More Expertise (Our Network has around 50 CPAs, CFOs, attorneys, MBAs, bookkeepers, Eas, Controllers in 22 states with deep combined knowledge) |
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Better Compliance as records and accounting are more robust | |||||
Responisve and Reliable/ Available when you need us |