Copywrited Version Booklet for SteepHill Licensees (1)

A Clear Pat h t o Success

Specialized Account ing, Bookkeeping, Tax Services and
Business Solut ions for Commercial Cannabis Labs

is a professional and technology
driven outsourced accounting firm, focused
on providing complete accounting solutions
for growing companies in the cannabis
industry. By handling monthly bookkeeping
tasks such as data entry, reconciliation, and
financial statements, we empower our clients
with accurate, timely and consistent financial
d at a.

CONTENTS 2
3
Integrated Business Solutions 4
Business & Accounting Services 6
Our Specialties 7
Client Onboarding Process 8
Pricing Model 9
Our Approach
About Scrubbed

"Scrubbed is a must-have for any licensees. They will be a
tremendous necessity to run your laboratories. "

- Jmichaele Keller -President & CEO at Steep Hill

Integrated Business Solut ions

Save time and money by streamlining your accounting
system. Our suite of integrated systems will simplify your
process, allowing you to focus on growing your business

Xero is secure and reliable cloud-based accounting software with
all the tools needed to successfully manage your finances.
LIMS (Laboratory Information Management System) will easily
integrate with Xero for fast, easy, and accurate billing.
ADP is a cloud- based HR, payroll, and tax system that allows you to
manage everything employee-related in one centralized location.
Shopify is a powerful and easy to use ecommerce solution that
provides everything needed to build a scalable online store.
Bill.com is an ACH payments processing system that automates
your accounts payable and accounts receivable processes.
Dear Systems is a comprehensive and cloud-based system that
integrates seamlessly with Xero giving you real-time inventory.
PowerBI is a suite of user-friendly business analytics tools that allow
you to analyze data and track your business real-time.

2 A Clear Path to Success

Business & Account ing Services

From analyzing individual transactions, all the way to
producing a fully compliant financial statements, Scrubbed
helps your cannabis business succeed.

Bookkeeping & General Ledger Closing & Financial Report ing

We maintain your books and upkeep Our monthly close process includes
all records so you are current with all bank reconciliations, journal entries,
and comprehensive financial reports.
financial transactions

Purchase-to-Payment Process Sales-to-Collect ion Management

We streamline your transactional We set up a seamless process for
flow, from placing your purchase receiving orders, fulfilling goods and
order, through payment to vendor.
services, and invoicing customers.

Payroll & Human Resources Inventory & Cost Account ing

We provide solutions that support We help your business comply with
your organization's hiring cycle and IRS code 280e and accurately track

payroll operations. inventory and cost of goods sold.

Our cannabis industry-specific accounting policies and procedures
provide compliant accounting & financial reporting.

Business & Accounting Services 3

Our Specialt ies

W hen you work with Scrubbed, we look to standardize processe
timely results. Our typical scope of services include:

General Ledger Maintenance Financial

- Manage maintenance of your Company?s general - Complete month-end
ledger system in Xero and supporting add-on verification of all cash
applications.
- Identify and record m
- Record and prepare accounting entries related to entries such as accrua
sales transactions and purchase transactions. am ort izat ion.

- Reconcile and record all transactions, cash - Perform monthly finan
receipts and cash disbursements to appropriate process
account coding or classifications.
- Provide consolidation
- Maintain suppliers and vendors information in needed
Xero accounting systems.
- Establish and maintain
- Record other non- cash transactions using relevant financial data
appropriate accounting classifications and coding. management review.

- Record payroll payments and accruals in the - Prepare and publish c
appropriate accounts and cost centers. which include the foll

- Establish and maintain all accounting files and - Comparative Balan
supporting documents in a cloud-based system. - Comparative State
- Comparative State
- Monthly Payables &
- Monthly Budget-to

4 A Clear Path to Success

es, maintain precise attention to detail and deliver consistent,

Rep o rt ing Finance & Treasury Function

d bank reconciliation and - Create a system of proper safekeeping for actual
h transactions. cash receipts

onth-end adjusting journal - Establish a cash ledger system to record, track,
als, depreciation and deposit and reconcile actual cash receipts

ncial statement close - Implement a system of reconciling bank deposits
against weekly cash receipts
n of financial statements, if
- Implement an automated process to authorize,
n a financial dashboard with approve and disburse cash with direct interface
a and trend analysis for from your depository bank

consolidated basic financial - Prepare periodic funds and cash analysis report
owing monthly deliverables: showing current funds availability, run rate and
cash burn rates
nce Sheet
ement of Operations Other Support Services
ements of Cash Flows
& Receivables Aging Reports - Annual Tax Preparation & Tax Filing
o-Actual Comparison Reports - Financial Forecasting & Budgeting Support
- Internal Audit Services
- Merger & Acquisition Due Diligence Services
- External Audit Support

Typical Scope of Services 3

Onboarding Process

We look forward to providing high-value accounting
services for your Cannabis business. Our team is ready to
help with all aspects of your business and provide a
painless systems implementation.

Discovery & Review
We begin with a thorough review or establishment of your
chart of accounts. We then evaluate your current
accounting system to ensure all prior transactions were
recorded properly

Prior Year Transactions
Next we analyze prior year transactions and determine if
adjustments should be made to establish a reasonably
accurate and reliable financial statement.

Moving to the Cloud
Then we start the migration to Xero. Our Scrubbed team
will make the transition with minimal interruption to
business operations. Reports will be compared to the old
accounting system to ensure accuracy.

Connecting your Tools
Throughout the process, we also review and identify
automation possibilities with other systems. We manage
and handle all integrations between systems.

Collaborative Rules & Procedures
Now that the system is in place, we ensure your team is
prepared to properly utilize all of the tools. Standard
policies and procedures will be established to match
business practices.

Financial Reports Template
And last, Scrubbed provides standard US GAAP compliant
reporting template. Additional reports can be added to the
template as requested and required by the business.

6 A Clear Path to Success

Pricing Model

You'll be pleasantly surprised to discover the cost
effectiveness of Scrubbed services compared to having an
in-house accounting department.

Simplicity Defines Everything We Do.

We?ve done away with the outdated pricing model of hourly billing. Our
value based pricing strategy provides a simple and straightforward fixed
fee. After a one-time systems setup cost, we offer a competitive and
fixed monthly services fee for your accounting and financial reporting
services. We also offer customizable add-on support services such as
tax compliance and planning services.

- Receive value-based pricing rather than inefficient hourly rates
- Get your company on the cloud for a small one-time fee
- Easily manage your expenses with a fixed monthly accounting and

financial reporting fee
- Customize add-on support services like tax compliance and

planning services when needed

Upgrade today with Scrubbed. We are the affordable, and technology
focused accounting firm equipped to empower your cannabis business
with real accounting and business solutions.

Schedule a FREE CONSULTATION today!
email: support @scrubbed.net call: (800) 837-5160

Pricing Model 7

It ?s t ime your books get Scrubbed!

?Scrubbed? books and financial records are what every
accountant strives to achieve. In accounting lingo, ?Scrubbed?
describes books and financial records that are easy to follow,
well organized, professional and accurate.

Our Approach

Clean & Simple Account ing Made Easy
We focus on empowering our clients with the financial information
and insight needed to take their business to the next level of success.
Make Relevant Real-Time Decisions
We provide monthly financial statements 10 days after closing,
allowing you to make timely and business savvy decisions.
Best Pract ice Account ing St andards
We provide US GAAP compliant financial reporting standards,
accessible at any time or location because you?re on the cloud.
Cost Effect ive and Efficient Solut ion
We provide a cost effective alternative to forming an internal
accounting department and can scale to support your growth.

8 A Clear Path to Success

About Scrubbed

Scrubbed is a multifaceted team of accountants, auditors, tax
professionals and business advisors that share one mission: Provide
world-class, technology driven accounting and financial solutions
that allow you to focus on building your business to new levels of
success. We do this with years of experience and expertly crafted
standard procedures specifically designed for each client.
Here are some stats about our team.

About Scrubbed 9

38 Keyes Avenue Suite 200
San Francisco, CA 94129
w w w.sc rub b ed .net
(800) 837-5160
[email protected]