Cannabis Accounting & Consulting
Our Mission:
To provide essential accounting and financial support to business owners, enabling them to make informed decisions that drive their success and growth. Their success and growth is our success and growth
Who we provide services to:
Manufacturers must follow IRC 471 as well as all GAAP accounting rules. We work with our partners to ensure that full absorption accounting methods are used for inventory tracking.
Manufacturers
We work with extractors or processors to ensure that all accounting and reporting systems are GAAP compliant. We ensure all accounting practices are accurate and in line with IRC 471.
Processors
All aspects of the growing lifecycle must be taken into account. We ensure that the entire seed to sale process is GAAP compliant with accounting processes and Cost of Goods Sold are captured correctly.
Cultivators
We partner with dispensary owners to provide support with inventory management, cash management, tax compliance, and reporting. We also ensure of GAAP compliancy and accurately capturing of costs allowed by IRC 471.
Dispensaries
The cannabis industry operates in a highly unique and regulated industry that faces challenges not found in other sectors. Our goal is to always have your reporting systems and operations be audit ready.
- 280E and IRC 471 Compliance
- Tax Strategies
- Scalability and Growth
- Accurate financial reporting while maximizing financial efficiency
- Accurate Financial records to make business decisions
- Best business practices and cannabis accounting to ensure audit readiness
Learn about why a cannabis accounting expert is worth it:
Don't just take our word for it
Dixon O. -- CFO
"Mindtrix has been a God-send.
MOAZ Industries LLC was forced to rebuild our Quickbooks files after our server was hacked by a ransomware entity. Mindtrix stepped in and helped make sense of an incredibly complicated chart of accounts, which included many due-to due-from accounts with related parties, a split of expenses based on a very specific IRS code that dictates our industry’s financials, and a very messy ATM bank account which our previous bookkeeper had never been able to reconcile. Mindtrix made this herculean task a priority and we were able to timely file our tax return following the cyber attack."
James C. -- CEO
"Mindtrix Gets It Done!
Partnering with Mindtrix has been one of the best decisions we’ve made at Fried Pickles LLC. Our controller has seriously leveled up our operations—he built out SOPs, got our AR/AP dialed in, trained two rock-solid bookkeepers, and even helped manage our benefits.
What stands out most is the attention to detail and how easy they are to work with. They are sharp, dependable, and genuinely care about getting it right.
If you're looking for someone to bring order, structure, and professionalism to your financials while being a solid team player—Mindtrix is it."
With our specialized designed accounting and business system we help your company with state and federal reporting to be audit ready. Providing support to avoid fines and penalties.
Get ahead of the curve before it is too late! Schedule your free assessment by clicking below.