the cannabis financial prep
package
Accounting cleanups. Software onboarding. Early tax planning.
Create a package for new cannabis startups or use our services a la carte.
The Financial Prep Package is intended for cannabis companies that are just starting up and need some help finding their financial footing. This package is specifically targeted towards problems for new companies in the industry. This can include:
Spent a bunch of money so far to obtain your license but haven’t been keeping a good track of your receipts? Let our accountants handle the books.
Working out of a spreadsheet for your financial records? Our cannabis accountants will help onboard you on to an accounting software.
Use the expertise of our cannabis CPA’s to do some tax planning before you open your doors - it could mean big savings down the line.
Are you just starting your cannabis business? Do you need a cannabis specific accountant and CPA by your side? The Financial Prep Package is specifically designed to help folks organize themselves as they prepare to open their cannabis business. Our accountants are experts at cannabis, real estate and construction so no matter what phase you're in - we're here to help.
Common services in the package include:
+ Accounting Software Onboarding
This service sets the foundation for your financial operations by integrating your business with reputable accounting software like QuickBooks. We handle the entire setup process, including customization to fit the cannabis industry's unique requirements. This means you can effortlessly manage inventory, track expenses, and generate reports from day one.
+ Cleanup of Prior Transactions
Startups often have a backlog of financial transactions that have not been formally recorded. We go through these line-by-line to classify, rectify, and enter them into your accounting system. This ensures that your financial history is accurate, providing a reliable baseline for future financial activities and decision-making.
+ Tax Planning for Construction Costs
Building out your cannabis facility comes with significant costs, and tax planning can translate into substantial savings. We help you identify deductible expenses and investment tax credits, ensuring you're maximizing savings and optimizing your financial strategy from the construction phase itself.
+ Regulatory Compliance Monitoring
The cannabis industry is heavily regulated, with compliance obligations varying from state to state. We keep you updated on all tax laws and financial regulations that could affect your business, and ensure that you're following best practices to stay compliant. This mitigates risk and saves you from potentially hefty fines or legal challenges down the road.
our competitive advantage
Our Customer Commitment - our commitment to our customers is built on a foundation of three important principles:
Grow With Us: the idea that everyone in cannabis succeeds together.
Fixed Pricing: the idea of removing uncertainty between firm and client.
Analytical Outputs: the idea that no engagement is ever truly finished.
We Are Industry Specialists - Greenbooks is solely focused on cannabis. By engaging the firm, you will be taking advantage of our cumulative knowledge and application of tax, accounting and financial concepts within cannabis.
