Cory Parnell, CPA

linkedin Cannabis CPA
COO | Principal
Direct: 651-287-6307

Outsourced Accounting Services

Bridge West’s Outsourced Accounting Services Group will provide your cannabis business with customized outsourced accounting services. Whether your cannabis operation is a startup with limited funding or an established business with a fully staffed internal accounting team, Bridge West has the experience to meet your needs. With a dedicated focus on the cannabis industry since 2009, we specialize in cannabis cultivators, processors, dispensaries, and vertical operators. We serve over 600 cannabis operators throughout the country ranging in size from single state to multi-state operators.

When it comes to outsourced accounting services, it may be challenging for business owners to know where to start or what level of outsourcing support would be most beneficial. Bridge West’s outsourced accounting services team will guide you through our proprietary assessment to determine your current situation and the optimal level of services and support for success. With deep knowledge of the cannabis industry, our team of experienced accounting professionals will work as an extension of your existing team. This structure allows you to leverage best practices in accounting, reporting, controls, and processes, and costs are always transparent and expected. As your organization grows and evolves, our flexible and scalable services will develop with you, supporting you every step of the way.

Bridge West offers two different service models:

  • CFO Services
  • Controller Services

CFO Services

Bridge West’s CFO Services are the right solution for growing businesses that need professional financial advice but cannot afford a full-time Chief Financial Officer. These services are also a good fit for businesses that need to fill a current CFO role but do not need someone onsite daily. Once a CFO is assigned to your organization, they will take the lead and work with you to help guide your business. In addition to the assigned CFO, you will have a dedicated Bridge West team, so you’re not dependent upon a single person. Our CFO Services provides business owners professional strategic support at an affordable monthly flat fee.

Our CFO Services include:

  • Short and long-term financial forecasting
  • Development of key performance indicators and performance management
  • Business advisor to management/CEO
  • Strategic business planning guidance
  • Managing banking and financing relationships
  • Income tax strategy consulting

Controller Services

Bridge West’s Controller Service are a good fit for growing businesses that need professional financial advice but cannot afford a full-time Controller. We pair businesses with an experienced Controller who helps complete historical financial reporting, trends, and benchmarks for your business, including measurement of past performance. Our Controller Services are a fraction of the cost of hiring a full-time Controller.

Our Controller Services provides:

  • Recording of unusual/complex/large transactions
  • Completing month-end financial adjustments
  • Balance sheet account reconciliations
  • Monthly financial analysis
  • Facilitate monthly financial performance meeting
  • Oversight/coordination of income tax compliance

Connect With Bridge West’s Outsourcing Accounting Services Practice Leader

While proper bookkeeping and accounting are critical components of any business’s success, the time, resources, and expertise required to manage these operations can drain your energy and focus. Bridge West’s Outsourced Accounting Services is an innovative solution.

Contact Cory Parnell, Bridge West’s Chief Operating Officer and Outsourced Accounting Services Practice Leader, at 651-227-9431 or to learn more.