Transform Your Finance Function
In the competitive and fast-moving cannabis marketplace, you need to focus on doing what you do best: growing your business. But as your operation gets more complex, you may need cannabis outsourced CFO support to make sure you’re performing optimally, you’re not over- or under-paying taxes, and you’ve got the insight to make strategic decisions with confidence.
CFO Services Focused on Growing Businesses
Few cannabis businesses have the resources to support a fully staffed back office, but the risks of ignoring the numbers include leaving money on the table due to inefficient operations or getting into trouble with regulatory authorities, resulting in an audit or worse.
Track Performance and Exceed Expectations
GreenGrowth CPAs understands you got into the cannabis business to make a difference, not to count peanuts. That’s why we’ve got a highly-customizable turn-key outsourced CFO and accounting and financial solutions to build an industry-leading accounting and finance function.
Our cannabis Outsourced CFO services include a one-time “Onboard” to get your systems set up appropriately, or we can provide “Monthly” services where we close the books, provide tax projections, and provide guidance based on KPIs and other metrics.
Inventory Aging and Accounts Receivable are two common issues ripe for improvement for cannabis operations. We’ll take a holistic view of your processes and provide recommendations to reduce overhead, boost sales, and ensure regulatory compliance.
We can help your company implement ASC 606 and account for revenue from contracts in a GAAP compliant manner. We will also evaluate your current rev rec policy and develop a custom strategy to create transaction-level revenue and deferred revenue subledgers.
Maintaining accurate and compliant financial records is critical to understanding your business. We can help reduce the time it takes to close your books and reduce errors in the closing process. We will help you architect a consistent process that abides by SEC reporting guidelines and streamlines your ability to report to all stakeholders of your company.