A Chart of Accounts Built for Cannabis Licenses
Every Nevada license type, cultivation, production, dispensary or consumption lounge, has a distinct cost structure that a generic chart of accounts cannot capture. We build charts of accounts segmented by cost center so a Pahrump cultivator can separate vegetative-room, flower-room and drying-room costs, while a Henderson dispensary tracks retail cost of goods separately from delivery operations if licensed for that activity.
This structure feeds directly into your 280E COGS allocation and your Nevada excise tax filings, since both require costs to be traceable at a granular level. Operators who start with a properly segmented chart of accounts avoid the expensive rebuild that otherwise happens when tax season arrives and the existing books cannot answer basic questions about production cost by batch.
Monthly Close and Financial Statement Preparation
We run a disciplined month-end close that reconciles bank and cash accounts, ties inventory value to your METRC on-hand quantities, and produces a GAAP-basis income statement, balance sheet and cash flow statement. For most Nevada operators this close finishes within two to three weeks after month-end, giving you financials current enough to make real operating decisions rather than reviewing numbers that are ninety days stale.
Lenders, prospective investors and landlords increasingly request reviewed or audit-ready financial statements before extending credit or approving a lease for cannabis-use real estate in markets like Las Vegas and Sparks. We prepare your monthly close with that end use in mind so your financials hold up when a bank or investor asks pointed questions about revenue recognition or inventory valuation.
- Bank, cash-drawer and armored-transport reconciliation each month
- METRC inventory tie-out against general ledger inventory balances
- GAAP-basis income statement, balance sheet and cash flow statement
- Variance analysis comparing actual results to budget and prior period
Compliance-Aligned Recordkeeping
The Nevada Cannabis Compliance Board and Nevada Department of Taxation can each request financial and inventory records during a compliance review or tax audit. We structure recordkeeping so source documents, invoices, and METRC export files are retained and cross-referenced to specific general ledger entries, reducing the time and stress of responding to a records request.
Because Nevada cannabis businesses cannot rely on standard banking relationships in the way most industries can, cash handling and deposit procedures need their own documentation trail. We build cash count logs, dual-control deposit procedures and daily reconciliation templates that satisfy both your internal control needs and any regulator's expectation of a clean audit trail.
Multi-Location Consolidation
Operators with locations in both Las Vegas and Reno, or multiple retail storefronts across Clark County, need consolidated financials that still let you drill into single-location performance. We build consolidation workpapers that roll individual location trial balances into one company-wide statement while preserving location-level detail for management review.
Consumption Lounge Accounting
CCB-licensed consumption lounges combine retail product sales with a hospitality service component, requiring revenue streams to be tracked separately for excise tax and 280E purposes. We set up lounge-specific revenue accounts that distinguish product sales from any admission or service fees permitted under your license.
Software and Systems Integration
We work within the accounting platform you already use and integrate it with your point-of-sale and METRC data feed rather than forcing a costly system migration. Where your current setup cannot support cannabis-specific inventory costing, we recommend targeted upgrades and manage the transition so your historical data carries forward cleanly.
- Point-of-sale to accounting software integration and daily sales imports
- METRC data export mapping to inventory and COGS accounts
Ongoing Advisory Alongside the Numbers
Accounting service includes a standing monthly or quarterly review call where we walk through your financials, flag trends worth attention, and answer questions before they become problems. This keeps accounting connected to decision-making rather than functioning as a historical record produced only for tax filing.
