Cannabis Inventory Costing Services

Cannabis Inventory Costing

Focused on Cannabusiness Inventory Costing

Citrin Cooperman's Cannabis Advisory Services team has the experience to support you with your inventory costing for bookkeeping and tax-related purposes. We ensure that you are able to defend your positions taken on tax returns and keep an eye on your business's financials.

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Services Included

Review

Our team reviews the general ledger and trial balance for costing in accordance with 471, allocations of mixed-use costs, and calculation of inventory and COGS

Deliverables

Comprehensive set of workpapers tied to inventory sales

How Citrin Cooperman Can Help

Managing a cannabusiness can be quite difficult as you navigate the complexities of the cannabis industry and day-to-day operations. With our team at your side, we can provide the support you need in order to calculate your inventory costs, giving you a better picture of your business's financial health.

When You Should Reach Out

Your company is starting cultivation or production and needs to understand how to perform cost accounting
Your company wants to analyze gross margin on products but can't figure out how to cost inventory
Your company needs to understand how book and tax deductions intersect

Value to Your Business

Understand margin positions on both book and tax purposes
Acquire support to defend positions taken on tax returns

Want to learn more? Click here to read our service guide.

Cannabis Inventory Costing Leaders

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Mitzi S. Keating

Partner, Citrin Cooperman Advisors LLC Partner, Citrin Cooperman & Company, LLP

Robert (Bob) Cohen

Consultant, Citrin Cooperman Advisors LLC