Cannabis CPA Plan

The Greenbooks Cannabis CPA Plan helps our clients establish optimal strategies and processes for cannabis operator tax accounting.

Our Cannabis CPA Plan, refined over seven years, provides the essential services needed to get your business tax-optimized and compliant.

Cannabis CPA Plan Services

The Greenbooks Cannabis CPA Plan includes all of these essential services to bring your business compliant with accurate books.

  • Expert CPA Support & 280E Strategy

    Our Cannabis CPA Plan includes consultative, strategic support for setting up a tax-optimized cannabis business.

    Optimized Tax Entity Structuring (C-Corp, S-Corp)

    Cost of Goods Sold (COGS) Maximization for 280E

    Cash Management Guidance

    Eligibility for R&D Tax Credits

    Unlimited access to our Expert CPAs

  • Strategic COGS Management

    Includes COGS assessment & strategy. We provide recommendations to get the best returns for you financially.

    Cost of Goods allocation review and recommendations

    Monthly pushdown of COGS utilizing consistent methodology, ensuring accuracy and compliance.

    Maximize Deductions

    Detailed Documentation on how COGS is calculated by our expert accounting team every month.

  • Cash Management & Reconciliation

    Get control of your cash management. Eliminate the headache and worry.

    Cash Management Guidance

    Financial Oversight

    Cash Control

    Monthly reconciliation to Cash on Hand

  • Inventory Compliance

    Ensure adherence to federal and state tax regulations with proactive compliance monitoring, accompanied by actionable recommendations to mitigate risks.

    Compliance Review

    Track Inventory in METRC, BioTrack, POS, Financials ensure integrity across systems.

    Reconcile sales and inventory from state seed to sale, along with seamless POS tracking system integration.

  • Monthly Closeout Reporting

    Each month you receive monthly closeout reporting providing critical insights into your business performance

    Monthly Financial Statements including all underlying documentation (calculations)

    Flower Calendar that tracks where each of your products are in the process.

    Performance Insights: How did your company perform this month?

    Profitability Check: Are revenues too low or expenses too high?

    Expert Review: Regular business review with a cannabis CPA expert.

  • Tax Filing

    With your books in order, Greenbooks CPA handles your tax filings.

    Federal: Quarterly & Annual

    State: Annually or as required

    Local: As required

Cannabis CPA Plan Onboarding

Our onboarding process guides you to success. We apply a step-by-step process of bringing your business compliant and getting your books accurate. Onboarding is part of every Cannabis CPA Plan.

  • Initial Review: We discuss and align around your business goals.

  • We ensure your entity structure is best-suited for your strategy.

  • We work with you to get access to your books and critical information needed to bring your business compliant.

  • We do a thorough Cost-of-Good Sold (COGS) allocation review to determine opportunities to optimize how your COGS is calculated.

  • We conduct a thorough accuracy check of your previous tax returns

  • We reconcile your inventory against POS and inventory tracking systems like METRC and BioTrak

  • We evaluate your cash management process and provide guidance for establishing an optimal and secure cash management process.

  • We set your business up to receive Monthly Closeout Reporting that will provide you with critical performance insights each month.

Cannabis CPA Plan Pricing

You can hire one of them…

Account Manager @ 90-150K/year

Greenbooks Cannabis CPA Plan Starting at $1,250/mo

…or get more for less from Greenbooks…

Greenbooks Green Accounting Cleanse Process

Many cannabis business struggle to maintain accurate books. We often see issues with:

  • Innacurate Ledger Entries and Balance Sheets

  • Inventory Out-of-Sync with POS/Inventory Tracking

  • Poor COGS Allocations

Getting your books accurate can often require going back as much as twelve months to correct your books and previous tax filings. The Greenbooks Green Accounting Cleanse process goes back in time from the date you engage Greenbooks and brings your books and previous tax filings current and compliant. This program is an overlay to our Cannabis CPA plan and is an essential service for many of our clients seeking to get their books back on track. We offer our Green Accounting Cleanse for a very low fee based on the number of months we will need to review and update. Once your books are all updated your monthly closeout reporting and tax filings are a cinch.

Let’s work together