Cannabis Accounting

Your business and investors count on accurate accounting to keep you profitable and informed. Don’t trust your business to anyone but a qualified cannabis accounting team like Denali Accounting, LLC.

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Located in San Diego servicing Los Angeles, San Diego and San Francisco

Ways We Help Protect Your Cannabis Business

Accurate records empower informed decisions, which promote success.

We provide accounting and back office expertise to emerging cannabis businesses. Our highly- skilled professionals offer the support necessary to ensure your new venture is a success and your current business grows with you. All of our staff is educated and highly skilled in the Cannabis arena.

Accounting And Consultancy

Working with us will save you time, money, and energy...and reduce your audit risk.

Our expert accounting firm understands the various businesses within the industry and their precise needs. Whether you’re a grower, dispensary, or producer of extracts and edibles, we can help you devise and implement smarter spending strategies. By working closely with your company, we become a helpful assistant during the busy closing periods, including tax season.

IRS and State Compliance Cannabis Experts

We know how to deal with the many complex regulations for the cannabis industry the inherent tax issues, including 280E, and 471 to keep your business profitable and in compliance.

An increasing number of states have made the sale of medical and recreational marijuana legal, however, tax code 280E continues to heavily impact the finances of cannabis businesses because, at present, they can only deduct taxes for the cost of goods sold; nothing else.

Hire A Knowledgeable Cannabis Accounting Professional

Our CFOs go through rigorous education and training for specifics in cannabis accounting practices. They learn innovative processes that decrease your overall tax burden without compromising the integrity of your business, all the while falling within the parameters of the tax code 280E. Cannabis companies require complex, accurate accounting in order to remain compliant and audit ready. With our full trained and educated cannabis CFOs coupled with our expertise in accounting, we can help your cannabis businesses thrive.

We Help You Keep Extremely Detailed Records

You want to be able to claim Costs of Goods Sold (COGS) where available. If your business is audited and you don’t have comprehensive records about every individual transaction, you risk forfeiting your COGS claim, and you’ll have to pay a steep 20% fee for signing an inaccurate tax return. And trust us the IRS loves to get paid.

Our CPAs Understand GAAP accrual and cost absorption accounting properly and have the proper accounting tools to do precise bookkeeping and reporting to help CEOs and investors have transparent insight into the financial health of their company.

Who We Serve in the Marijuana and Hemp Industry

  • Growers/Cultivators
  • Producers/Processors
  • Distributors
  • Retailers/Dispensaries
  • Other Ancillary Businesses

Turn to our experienced cannabis accountant firm for:

  • Accounts Receivable
  • Accounts Payable
  • Financial Statements
  • Account Reconciliations
  • Consolidated Financials
  • Rolling Cash Forcast
  • General Ledger
  • Sales Tax Returns
  • Non-Profit Accounting
  • Inventory Setup
  • Cost of Goods Sold Tracking
  • Historical Data Entry
  • Remote Services
  • QuickBooks Setup and Training
  • Accounting Review and Clean-Up
  • Audit Ready Records and Files
  • Payroll Services

We Can Help Your Cannabis Business Today!

Give Us A Call at 1-800-345-9893 or Click The Free Quote Button

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What Our Happy Cannabis Industry Clients Say About Us

Don't take our word for it. See what some of our clients have to say about our cannabis accounting services and how we've helped their businesses and relieved their stress.

"Denali Cannabis Accounting Experts most impressive talent is working thru the changing regulations and requirements of my industry. Their team identifies issues and problems before they become real issues and problems."

Brett Wilson
Savage Extracts LLC

"Sharon and her team took on the task of setting up the books for the largest dispensary in the world, Nuwu tribe in Las Vegas, Nevada. Sharon and her team also handles all the high-end accounting functions, interfaces with all levels of management and owners. This includes all of the cash flow into and out of the tribe's dispensary."

Melody Langstaff
Cash Manager, LVPCA Tribal Cannabis Las Vegas

"As a cannabis business owner, we have discovered that their value to our company is by far the best thing we have experienced.

We highly recommend Sharon's team for any sized business, more specifically cannabis businesses."

Jo Meuller
Advanced Science Research