Cannabis & CBD Accounting & Bookkeeping
- Accurate tracking of all transactions: Sales, expenses, and vendor payments recorded in real time.
- Multi-platform integration: Sync POS, seed-to-sale systems, e-commerce, and bank accounts.
- Clean, audit-ready financials: Ensure transparency and accuracy for investors, banks, and regulators.
Inventory & Cost of Goods Management
- Real-time inventory tracking: Monitor plant counts, raw materials, and finished products.
- COGS calculations: Track product costs by batch, strain, or SKU for profitability analysis.
- Shrinkage & waste management: Reduce loss from spoilage, theft, or overproduction.
Payroll & Employee Management
- Compliant payroll processing: Accurate payroll for hourly, salaried, and seasonal staff.
- Cannabis-specific deductions & benefits: Handle tip allocation, state regulations, and fringe benefits.
- Recordkeeping for audits: Maintain staff payroll documentation to meet labor and compliance standards.
Tax Compliance & Reporting
- State & federal cannabis tax filings: Manage 280E compliance, excise taxes, and local requirements.
- Sales & excise tax tracking: Automate calculations and submissions across all jurisdictions.
- Audit-ready documentation: Ensure all deductions, revenue, and expenses are properly recorded.
Banking & Payment Reconciliation
- Reconcile cash-heavy operations: Track POS transactions, deposits, and payment processor fees.
- Integration with financial platforms: QuickBooks, Xero, and cannabis-friendly banking solutions.
- Error detection & correction: Identify discrepancies before they impact financials or compliance.
Strategic Financial Advisory & Growth Planning
- Budgeting & forecasting: Plan for expansion, product launches, and capital needs.
- Profitability analysis: Evaluate strains, SKUs, or product lines to maximize ROI.
- Compliance-first growth strategy: Expand operations while staying fully compliant with evolving regulations.
Why Cannabis, CBD & Hemp Businesses Choose Otterz?
Accurate Tracking of Seed-to-Sale Financials
Otterz organizes cultivation costs, extraction expenses, retail sales, POS data, packaging, and distribution — giving cannabis operators end-to-end financial clarity across every stage of production.
Effortless Compliance With Cannabis Tax & Accounting Rules
Nyra helps maintain perfect financial documentation for 280E, excise taxes, sales taxes, inventory records, and state regulatory audits — reducing risk in a highly regulated industry.
AI-Powered Cannabis Performance Dashboard
Monitor per-gram costs, retail margins, grow cycle ROI, strain profitability, wholesale vs. retail performance, and inventory turnover — all in one real-time dashboard built for cannabis finance.
Precise Cost Accounting for Cultivation & Manufacturing
Otterz tracks nutrients, labor, equipment, extraction costs, facility overhead, and batch-level expenses with precision, helping operators maximize margins and maintain compliance.
Streamlined Payroll for Growers, Budtenders & Multi-Site Teams
Whether managing cultivation staff, trimmers, processing teams, retail budtenders, or delivery drivers, Otterz ensures accurate payroll and compliant labor tracking across all locations.
24/7 Support for High-Regulation, High-Growth Operations
Cannabis moves fast — regulations change, sales cycle varies, and compliance is constant. Nyra provides round-the-clock financial insights, alerts, and instant answers whenever needed.
See what Otterz can do for you
Compliant 280E Accounting
Reduction in Seed-to-Sale Financial Errors
Savings Through Accurate Cost-Per-Gram Tracking
How Otterz Transformed GreenLeaf Cannabis Co.’s Finances
A fast-growing cannabis company turned compliance chaos and cash flow confusion into clarity — improving financial accuracy by 60% and reducing accounting time by 70%. Discover how Otterz helped GreenLeaf Cannabis Co. automate reconciliation, ensure compliance, and gain full financial control.
The Otterz
Onboarding Process
Your journey starts with a short consultation
where we:
- Understand your business model, challenges, and financial workflows
- Review your current bookkeeping, taxes, or systems setup
- Identify key goals — accuracy, compliance, cash flow, growth, automation
- Recommend the best Otterz plan tailored to your industry
Next, we prepare a precise and transparent plan outlining:
- What services you’ll receive (bookkeeping, tax, CFO, controller, etc.)
- The full scope of work and deliverables
- Your dedicated accountant + support team
- Timeline for onboarding and go-live
- Clear, fixed pricing with no surprises
Once you approve, your account is activated immediately, and onboarding begins.
This is where we get everything ready for a smooth start:
- Setting up your secure Otterz account
- Requesting all required documents (financials, statements, prior returns, payroll reports, etc.)
- Getting access to your bank, credit card, POS, payroll, and other financial software
- Ensuring all integrations sync correctly with our platform
- Verifying data accuracy before moving forward
You provide the access — we handle the rest.
We walk you through your new Otterz setup, introduce your dedicated accountant, and get your reports, dashboards, and AI assistant Nyra running.
From here:
- Your books run in real time
- Your taxes stay compliant
- You get ongoing insights for smarter decisions
You’re officially powered by Otterz.
Unify your CBD workflow from cultivation to distribution
Centralize inventory, processing costs, payroll, and compliance documents. Gain clear visibility into margins and streamline reporting across extraction, packaging, and wholesale channels.
Seamless Integration Through our Platform
AQs for Cannabis Businesses (Customer Point of View)
How does Otterz help cannabis businesses stay compliant with state and federal regulations?
Otterz ensures full compliance with cannabis-specific regulations, including seed-to-sale tracking, tax reporting, and state licensing requirements, keeping your business audit-ready at all times.
Can Otterz handle complex cannabis tax requirements like 280E?
Yes. Otterz manages federal, state, and local taxes, including 280E compliance, ensuring accurate filings and minimizing costly mistakes that are common in the cannabis industry.
How does Otterz manage cannabis inventory and cost of goods sold (COGS)?
Otterz tracks inventory from cultivation to sale, calculates accurate COGS, and reconciles production costs to financial statements, helping you maintain profitability and regulatory compliance.
Does Otterz integrate with cannabis point-of-sale and accounting systems?
Absolutely. Otterz integrates with major cannabis POS systems and accounting software to ensure seamless financial data flow, real-time reporting, and simplified bookkeeping.
Can Otterz help with multi-location or multi-entity cannabis operations?
Yes. Otterz provides consolidated reporting for multiple dispensaries, cultivation facilities, or manufacturing entities, giving a complete view of financials across your entire business.
How can Otterz help cannabis businesses improve cash flow and profitability?
Otterz automates accounts payable, receivable, payroll, inventory tracking, and financial reporting, giving insights into revenue, expenses, and profitability to make data-driven decisions.