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Accounting & Bookkeeping
Services

Accounting Expertise Brought
to
Your Business

American Cannabis Consulting New Logo in White

How it Works

We Get You Set Up – First, we’ll connect you with an American Cannabis Accounting onboarding specialist. They’ll get to know your business, introduce you to our process, and start gathering the information we need.

We Connect – Upload your monthly receipts, bills, and other paper documents to our secure online portal.

We Automate Your Accounting – Relax. We are going to invoice your clients, pay your vendors, process your payroll, and reconcile all of your accounts to deliver clear and accurate financial reports, every month, automatically.

What You Get

A Dedicated Cloud Accountant – Our Cloud Accounting Specialists are here to make your life easier. We promise to deliver timely monthly financial statements in addition to our award–winning customer support. 

Accurate Financial Reporting – Perfectly reconciled and categorized transactions. Detailed expense tracking. American Cannabis Company will tag your transactions with labels like product, industry, location, client, or sales channel so you can know exactly how your business is performing at anytime throughout the year. 

The Best Technology – We partner with the best in cloud–based technology companies. We use technology to help automate your accounting department. 

Services

Package #1  – Basic Bookkeeping* 
Cost: $
599.00 per month

  • Monthly reconciliations of bank accounts, credit cards, and other accounts 
    • Tired of your bank balance and QuickBooks/Xero balance not matching up? Every month we will obtain your bank statements, credit card statements, etc. and reconcile the accounts for outstanding checks and deposits in transit.
  • Chart of accounts 
    • We will build a fully customizable cannabis industry specific chart of accounts included in your package.
  • Posting monthly revenue from sales channels 
    • Need to see more than just one line for revenue on your income statement? We will setup class reporting to breakout your different streams of revenue.
  • ReceiptBank integration 
    • Fully paperless receipt archiving right from your phone

*This package assumes that cash-based accounting practices will be utilized. Accrual-based GAAP accounting is available for an additional fee of $150.00 per month. 

Package #2  – Automated Accounting Department* 
Cost: $
1199.00 per month

  • Monthly reconciliations of bank accounts, credit cards, and other accounts 
    • Tired of your bank balance and QuickBooks/Xero balance not matching up? Every month we will obtain your bank statements, credit card statements, etc. and reconcile the accounts for outstanding checks and deposits in transit.
  • Chart of accounts 
    • We will build a fully customizable cannabis industry specific chart of accounts included in your package.
  • Posting monthly revenue from sales channels 
    • Need to see more than just one line for revenue on your income statement? We will setup class reporting to breakout your different streams of revenue.
  • ReceiptBank integration 
    • Fully paperless receipt archiving right from your phone
  • Bill.com integration 
    • Streamline your billing process
  • Accounts payable support 
    • Facilitation of accounts payable process
  • Accounts receivable support 
    • Soft AR collections
  • Payroll processing and payroll tax filings (including Form 941 and 8300 Forms) 
    • We will process your payroll to and take care of all of the quarterly and annual tax filings. Direct deposit included for payroll processing.
  • Sales tax filings (state and federal) 
    • Need help better understanding sales tax? We will handle the filings and help you understand the nuances of different state reporting. 

*This package assumes that cash-based accounting practices will be utilized. Accrual-based GAAP accounting is available for an additional fee of $150.00 per month. 

Package #3  – Virtual CFO & Automated Accounting Department* 
Cost: $3000.00 per month

  • Monthly reconciliations of bank accounts, credit cards, and other accounts 
    • Tired of your bank balance and QuickBooks/Xero balance not matching up? Every month we will obtain your bank statements, credit card statements, etc. and reconcile the accounts for outstanding checks and deposits in transit.
  • Chart of accounts 
    • We will build a fully customizable cannabis industry specific chart of accounts included in your package.
  • Posting monthly revenue from sales channels 
    • Need to see more than just one line for revenue on your income statement? We will setup class reporting to breakout your different streams of revenue.
  • ReceiptBank integration 
    • Fully paperless receipt archiving right from your phone
  • Bill.com integration 
    • Streamline your billing process
  • Accounts payable support 
    • Facilitation of accounts payable process
  • Accounts receivable support 
    • Soft AR collections
  • Payroll processing and payroll tax filings (including Form 941 and 8300 Forms) 
    • We will process your payroll to and take care of all of the quarterly and annual tax filings. Direct deposit included for payroll processing.
  • Sales tax filings (state and federal) 
    • Need help better understanding sales tax? We will handle the filings and help you understand the nuances of different state reporting.
  • Custom financial reporting 
    • Is the standard financial statement template in QuickBooks not enough? We will customize your financials to show what you want to see.
  • CFO advisory support 
    • Need more than just bookkeeping? Our CFO support includes true partnership advisory services including scheduled 40-minute biweekly Zoom meetings to stay on top of all ongoing projects. 
    • Includes 280E worksheet support
  • Entire outsourced accounting department solutions 
    • Accounting system migrations, KPIs, reporting by store, ERP implementation, and more 

*This package assumes that cash-based accounting practices will be utilized. Accrual-based GAAP accounting is available for an additional fee of $150.00 per month. 

Additional Services

  • Clean-up/Catch-up of retroactive bookkeeping/accounting – (to be scoped out per account, cost typically varies from $400.00-$600.00 per month)

  • Corporate tax return preparation and filing – $300.00 per month for Package subscribers, otherwise $3,600.00 as a one-time fee (per account)

  • Quarterly strategic tax planning, including 280e consulting – $250.00 per month for Package subscribers (per account)

  • Roll preparation and filing of personal tax return – $75.00 per month for Package subscribers, otherwise $900.00 as a one-time fee (per account)

FAQ

Will I get my own dedicated bookkeeper?

  • Every client is assigned a cloud accounting team. This way, you know your bookkeeper and we know your business. 

How long is the commitment?

  • We offer our services on a month-to-month basis. You can cancel your service at any time, although we are confident you won’t want to. 

How do I know if I need bookkeeping?

  • Here are a couple indicators your business might be ready for bookkeeping services:
    • You don’t know your current business financial performance at any given time. 
    • You need to save time and money in your business.
    • You have more than one employee. 
    • If you’re paying for professional tax preparation, you should be paying for professional bookkeeping services. 
    • Your annual revenue is approaching 6 figures.  

Did you Know?

  • The average amount of time a bookkeeper can save you a week is approximately 10 hours
  • Small businesses hire a bookkeeper in order to keep their accounts in order throughout the year
  • Pristine bookkeeping allows for better controls
  • Bookkeepers develop systems that organize a business’s finances