Accounting services for cannabis retailers

Market-leading accounting and finance with a configurable service approach

Your accounting and finance needs are too important to be forced into a one-size-fits-all box. Whether you’re seeking one-time financing or managing day-to-day cashflow, we offer a suite of accounting services that adapt to fit your cannabis retail operation’s size, budget, and stage of growth.

Our team introduces versatility and customizability to the way traditional accounting, advisory, bookkeeping, and payroll functions are performed. Rooted in a deep understanding of the cannabis industry in Canada, our personalized approach provides the combined benefits of a controller, bookkeeper, and payroll assistant at a fraction of the salaried cost, delivered from the world’s leading midmarket firm.

Five ways our Accounting Services Program helps you

  1. Save time and money
  2. Gain access to world-class financial talent
  3. Align your own people to the right roles
  4. Streamline operations
  5. Ensure accurate government reporting for your cannabis retail needs

 

Complete the form to get started today.

Get started today
Complete the form below to schedule your consultation with a member of our Accounting Services team.
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Frequently asked questions

What services does BDO’s Accounting Services offer?

Our services comprise financial and management reporting, tax planning and compliance, cash flow and expenditures governance, budgeting and forecasting, payables and receivables management, accounting period or month-end close.

 

How does your team operate to provide this range of services?

We combine four service offerings into one customizable suite of services. Led by one of our business consultants, each client relationship is customized to fit the needs of the cannabis retailer and may include up to four BDO professionals:

  • Bookkeeping and payroll – executes day-to-day accounting functions, to meet monthly bookkeeping and payroll duties.
  • Controller – oversees financial planning, accounting process streamlining, creation of metrics to enhance the business, and financial statements for management review.
  • Business advisory and coaching – acts as a strategic accountability partner to business owners and key stakeholders, working with business owners to develop a financial vision to support business goals, along with metrics to support owners in making better decisions.
  • Lead business consultant - initiates each new client relationship and works with the team to conduct a financial process analysis and review. Once complete, the team creates a recommendation for budget, scope, and timeline.

 

How do you ensure your accounting services fit my company’s needs?

Our process helps ensure that each arrangement fits that company’s needs, budget, and culture. We meet with the business owner to scope their precise pain points. Then we work together to find the best path to achieve the organization’s financial and accounting goals.

How can you save my cannabis retail operation time and money?

BDO’s accounting services program eliminates the overhead costs of hiring and training an in-house individual or team of accountants. Coupled with a monthly billing model, businesses can eliminate billing surprises and spread costs out to fit their cashflow.

 

What is the single greatest benefit offered by BDO’s Accounting Services?

The Accounting Services Program offers access to market-leading expertise from a global professional services firm. The model provides a cost-effective approach to receiving top-tier financial advice on an as-needed basis.

 

How do you support my organization’s internal staff and processes?

Collaboration begins during the analysis phase and continues throughout. Moreover, we support the team by adding the top-tier services of designated professionals—ensuring that staff are focused and successful with their respective responsibilities.

The analysis phase of our Accounting Services Program also provides an opportunity to review people, processes, programs, and policies with an experienced business consultant to determine how best to increase financial efficiencies.

 

What makes BDO different?

As the only full-service professional services firm focused on the mid-market, BDO understands the importance of rapid and effective revenue growth to the success of our clients.

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