Cannabis Business Accountant Services:

420 Financial Strategies offers three different levels of monthly service to fit your needs. Whether you are looking for basic bookkeeping services, more detailed analysis or a virtual CFO, 420 Financial Strategies has a solution that will work for you. Scroll down on this page to view all of our monthly service packages.

Managing payroll for an all cash business can be complicated. Let us take this burden off you without having to keep someone on full time. Payroll services include:

  • Enter timesheets into payroll system
  • Calculate payroll and cut checks or vouchers
  • Calculate payroll tax deposits, federal and state
  • Make electronic payroll tax deposits or arrange for cash deposits
  • File quarterly and annual payroll tax returns, federal and state
  • Prepare and file annual W-2s

Just starting out? Let us help you get your business off the ground. Building a solid foundation for your marijuana business is invaluable to your future growth. What we offer to set your cannabusiness on the right path:

  • Review license applications, including policies and procedures, operations, accounting and internal control documentation needed for application
  • Assist with finding bank, POS system design and implementation
  • Assist with personnel planning
  • Create realistic, industry driven budgets
  • Set up your books, including accounting system and chart of accounts
  • Train on policies and procedures

For those times when you have a few questions or want to discuss several aspects of your business, we will do consultations. It is an opportunity to explore new ideas, get a better understanding of your financial performance, visit with investors, however you choose to use the time.

We bill time at $150 per hour.  You can also do a monthly retainer for up to 3 hours of “on the fly consultations” for $300 per month.

We are always available to help you with your special projects, whether that be the creation of a budget, a detailed analysis of some aspect of your business, a cash flow projection, whatever you need. These projects can usually be priced in advance so you know the cost before you commit.

Monthly Accounting Services:

Bookkeeper

Basic
$599/per month
  • Reconcile bank account (if there is one)
  • Record monthly transactions (includes: Sales by category, Accounts payable and expenses, Payroll)
  • Reconcile POS system to cash
  • Review monthly general ledger and reconcile balance sheet accounts
  • Prepare financial statements
  • Prepare and file sales tax return
  • Prepare annual 1099s

Financial Analyst

Intermediate
$799/month
  • Reconcile bank account (if there is one)
  • Record monthly transactions (includes: Sales by category, Accounts payable and expenses, Payroll)
  • Reconcile POS system to cash
  • Review monthly general ledger and reconcile balance sheet accounts
  • Prepare financial statements
  • Prepare and file sales tax return
  • Prepare annual 1099s
  • Analysis of cost of goods sold
  • Update budget and report budget to actual

Virtual CFO

Premium
$999/month
  • Reconcile bank account (if there is one)
  • Record monthly transactions (includes: Sales by category, Accounts payable and expenses, Payroll)
  • Reconcile POS system to cash
  • Review monthly general ledger and reconcile balance sheet accounts
  • Prepare financial statements
  • Prepare and file sales tax return
  • Prepare annual 1099s
  • Update budget and report budget to actual
  • Analysis of cost of goods sold
  • Monthly one hour consultation to review financials and discuss general business concerns