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Double-entry, done right
A real double-entry ledger with trial-balance validation, month-close locking, depreciation, and recurring journal entries.
Cannabis accounting and tax, done for you
Your cannabis accountant, built for §280E.
420Ledger is the accounting and tax practice for licensed cannabis dispensaries. We keep your double-entry books, run the §280E work that separates deductible from disallowed, and hand you clean, audit-ready financials and filings every month so you keep more and stay ready.
§280E specializationNew Jersey focusedCannabis-only practice
app.420ledger.com/portal
Books closed · June
Monthly close
Revenue YTD
$1.24M
reconciled to POS
Deductible COGS
$531K
allocated under §280E
Review queue
14
transactions need support
§280E allocationReconciled
| Product COGS | $412,000 | Deductible |
| Packaging and testing | $31,500 | Deductible |
| Retail salaries | $210,000 | Disallowed |
| Marketing | $64,000 | Disallowed |
POS · bank · METRC
Reconciliation queue
Sales and deposits4 flagged
| Jun 02 | $4,820 POS | $4,820 bank | Matched |
| Jun 03 | $2,140 POS | No deposit | Undeposited cash |
| Jun 04 | METRC sale | Missing POS | Needs review |
| Jun 05 | $3,605 POS | $3,605 bank | Matched |
June 2026
Trial balance
Validation checksIn balance
| Cash | $221,430 | Verified |
| Inventory | $318,920 | Tied to source |
| Sales tax payable | $46,210 | Review due |
| Owner distributions | $72,000 | Posted |
Tax year 2026
Filing workflow
Returns and payroll formsOwner review
| NJ CBT-100 | Draft workpapers | Review |
| Form 941 | Q2 payroll deposits | Ready |
| 1099-NEC | Vendor payments | Filed |
| Audit trail | June close packet | Locked |
Everything your dispensary’s books actually need, handled.
Not generic bookkeeping with cannabis bolted on. §280E-first books, kept for you by a practice that does only cannabis.
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§280E handled in the books
Deductible cost-of-goods and disallowed expenses are separated as transactions are reviewed, with support saved alongside the close.
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Three-way reconciliation
POS sales, bank deposits, and METRC records are cross-checked so cash, inventory, and revenue do not drift apart.
How it works.
A simple handoff that turns messy cannabis records into monthly books, §280E workpapers, and filing-ready support.
A
Connect the source data
Bank, POS, payroll, METRC, prior returns, and current workpapers come into one monthly accounting workflow.
B
We close the books
Transactions are categorized, reconciled, reviewed, and documented with §280E treatment built into the close.
C
You get usable numbers
Monthly financials, tax workpapers, payroll support, and filing status are kept organized for your dispensary.
Stop treating cannabis tax as a year-end cleanup.
Your §280E exposure is created transaction by transaction. We close the books the same way: review queues, source support, reconciliation, and documented positions every month.
Questions operators ask.
Short answers before you book a consult.
No. 420Ledger is a done-for-you cannabis accounting and tax service. The portal is how we deliver the work, but we keep the books, do the §280E work, and prepare the filings.
No. 420Ledger is focused on licensed New Jersey dispensaries.
We look at your entities, volume, POS and bank setup, payroll, current books, catch-up needs, and §280E exposure.
No. We coordinate payroll records with the books so wages, taxes, owner pay, and §280E treatment are captured correctly.
Get your books off your plate.
Book a consult and we’ll walk through your dispensary, your current books, and exactly how we’d take over the monthly close, §280E work, payroll support, and filings.