| Benefit | TrainedQuickbooksBookkeeper | In-houseStaff/CFO | FourTwentyMoney |
|---|
| High Costs, Taxes, Insurance, Turnover | | ✔ | |
| Data Entry of Expenses and Deposits | ✔ | ✔ | ✔ |
| Professional Onboarding/Cleanup | | ✔ | ✔ |
| Proprietary Chart of Accounts for all Cannabis Sub-Industries | | | ✔ |
| Solid Record Keeping (support docs attached to each transaction) | ? | ? | ✔ |
| Bookkeeping (Bank/Credit Card recs, Basic financials Printed) | ✔ | ✔ | ✔ |
| Deep review of journal entries and reconciliations | | ✔ | ✔ |
| Preparation of GAAP Accruals, including required cost accounting | | ? | ✔ |
| Preparation of Month End CFO Level Tie Out Report | | | ✔ |
| Proprietary Self Review System that checks/catches mistakes monthly | | | ✔ |
| Preparation of Professional/GAAP Financials and Month End Reports | | ? | ✔ |
| Preparation of 6 Month Rolling Cash forecast | | ? | ✔ |
| Other Services: Payroll, Compliance, Sales and Use tax, etc | | ? | ✔ |
| Other Value Add documents (Models, HR docs, KPIs, Dashboards, etc) | | ? | ✔ |
| 280e Tax workpapers (convert GAAP to 280e/471 ready) | | ? | ✔ |
| Tax Prep, Annual Tax Planning, Strategic Planning | | ? | ✔ |
| Perpetual Data Room (all corporate, financial, tax, insurance, contracts on cloud always ready any day/every day for investors/lenders/auditors) | | | ✔ |
| Fixed Fee Pricing/ We grow as you grow | | | ✔ |
| More Cash: increased Margins, better tax planning, maximize available deductions | | | ✔ |
| More Time and Peace of Mind (less CEO time on financials and worry about compliance) | | | ✔ |
| More Expertise: Our Network has many CPAs, CFOs, attorneys, MBAs, bookkeepers, all experts in cannabis | | | ✔ |
| Better Compliance as records and accounting are more robust | | | ✔ |
| Responsive and Reliable/ Available when you need us | | | ✔ |
