Cannabis Accounting Outsourcing Services at IQ BackOffice
We Help Cannabis Business Leaders Streamline Their Back Office
Cannabis is a complex industry, and is riddled with accounting issues: banking, cash, accounting, software, detailed lot tracking, regulatory compliance/legal issues, and insurance just to name a few.
Cannabis Accounting Outsourcing - Streamline Your Back Office
We recognize the unique challenges facing this industry, from tracking sales at many geographically diverse locations, processing payrolls with high employee turnover, large amounts of cash and debit card payments, and complex financial reporting needs by product line, from cultivation, manufacturing, all the way to the sale to the end-user at the dispensary.
Cannabis Accounting Outsourcing - Increase the Value of Your Business
Complete Cannabis Accounting Services from IQ BackOffice
Let IQ BackOffice deliver these benefits to you through a Cannabis Accounting outsourcing solution that includes:
- Efficient and Timely Processing of Accounting Transactions
- Granular Financial Tracking and Analytics
- Detailed Accounting Policies and Procedures
- Financial statements
- Electronic Routing and Storage of Documents (invoices, sales receipts, bank records) including exception and approval routing
- Daily Sales and Cash reconciliation
- Fixed asset reporting
- Partnerships with best in class service providers, including Industry related Tax Experts in Federal and Tax Code rulings
Contact IQ BackOffice today to discuss improving your Cannabis business with our Outsourcing Services.
IQ BackOffice partnered with Hair Cuttery in their acquisition of one of the largest chains of hair salons in the country with over 500 stores. IQ designed and implemented an entire state-of-the-art back office infrastructure in 30 days including a new accounting system, EDI systems, payroll platforms for over 7,000 employees as well as all of the associated business processes and reporting. IQ saved Hair Cuttery over 80%, while providing best practice financial business processes and technology and excellent quality and services.
IQ BackOffice works with leading global companies which include the world’s largest steel manufacturer, the largest technology and entertainment conglomerate, large retailers and restaurant chains across thousands of stores and e-commerce sites. Other major clients include distribution, energy, healthcare, real estate, and financial services companies.
We would like to hear from you! If you have a question or comment about our Business Process Outsourcing services, or you’d like an IQ BackOffice representative to contact you, please use the form below. We’ll also send you a link to our Corporate Brochure.