C
COGS capture
Inventoriable costs are separated from disallowed selling, general, and administrative expenses as the books close.
§280E compliance
§280E compliance for New Jersey dispensaries.
We keep your books so §280E is handled every month, not guessed at during tax season.
§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 |
Done-for-you accounting work, built around the task.
420Ledger is not a self-serve tool. We use the portal to run the accounting, review the details, document the decisions, and deliver the monthly work.
S
Source support
Every material classification ties back to invoices, payroll detail, POS, bank activity, or METRC support.
F
Tax filings
Federal and New Jersey returns are prepared from workpapers that match the ledger.
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.
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.
Talk through your dispensary.
Book a consult and we’ll map what this service would look like for your current books and operating setup.