AUDIT-READY INVENTORY DATA FOR EVERY IFRS REPORTING CYCLE
Give your accounting team the granular, stage-by-stage inventory data they need to value biological assets, calculate gain on transformation, and produce IFRS-compliant financial statements, without manual spreadsheet reconciliation.
- Track plant inventory by growth stage for IAS 41 biological asset valuation
- Export harvest yields, lot weights, and cost data to CSV in seconds
- Complete audit trail with digital signatures on every inventory operation
The Challenge
The problem: your ERP was never built for biological assets
Standard accounting software tracks widgets on shelves. Cannabis is different. Your plants are living biological assets that change value every day they grow, and your auditors need data your ERP was never designed to provide.
- Quarter-end scrambles to reconcile growing data with financial statements
- No way to track plants through propagation, vegetative, and flowering stages
- Harvest weights scattered across paper logs and disconnected spreadsheets
- Auditors requesting point-in-time inventory snapshots you cannot produce
- Manual cost allocation that takes days and introduces errors
- Destruction records missing the documentation auditors require
The Solution
How GrowerIQ solves it
GrowerIQ tracks every gram of cannabis from seed through sale, capturing the exact data your accounting team needs at each IFRS-relevant stage, automatically.
Track
Every plant is tracked individually through growth stages. Plant counts, stage transitions, strain data, and room assignments update in real time, giving your accountants the denominator for biological asset valuation.
Record
Harvest weights, drying losses, cured yields, and extraction outputs are recorded with triple-signature verification. Each weight event creates an immutable audit record with timestamps and personnel attribution.
Export
Pull any inventory data to CSV with one click. Batch reports, lot inventories, activity logs, and point-in-time snapshots are ready for your accounting models and external auditors.
Process
How it works
Cultivation stages feed IAS 41
Plant counts by stage (propagation, vegetative, flowering) update automatically as your team manages batches. Your accountants pull current counts any time.
Harvest captures the transition
When plants are harvested, wet weight is recorded with digital signatures. This is the IAS 41 to IAS 2 transition point, and GrowerIQ captures it to the gram.
Post-harvest tracks every category
Drying, curing, extraction, packaging: each stage is a separate inventory category with its own quantities, lot IDs, and QA status for IAS 2 valuation.
Export feeds your models
Pull batches, lots, activities, and full inventory snapshots as CSV. Your accounting team plugs the data directly into their IFRS valuation models.
Features
Core capabilities
Real-time plant counts by growth stage with strain, room, and batch identifiers for biological asset valuation
Multi-stage yield tracking from wet harvest through dry, cured, extract, and oil with conversion ratios
Point-in-time inventory snapshots that reconstruct inventory positions for any historical date
Transaction and cost allocation system linking purchase costs to specific production batches
Destruction records with dual-witness digital signatures, reason codes, and quantity documentation
AI Report Builder for ad-hoc accounting queries using natural language, with dedicated auditor report mode
Use Cases
Who benefits from cannabis inventory accounting
Controllers and CFOs
Pull stage-by-stage inventory data for biological asset valuation without waiting for operations to compile spreadsheets. Produce IFRS-compliant financial statements with traceable source data.
External Auditors
Access complete audit trails with digital signatures, point-in-time inventory snapshots, and CSV exports that map directly to IAS 41 and IAS 2 requirements.
Compliance Teams
Reconcile seed-to-sale data with Health Canada CTLS submissions. Generate CRA B300 excise duty reports automatically. Maintain one source of truth for both regulators and financial reporting.
Financial Reporting Ready
Built for cannabis compliance and financial reporting
GrowerIQ is purpose-built for the unique regulatory and financial reporting requirements of licensed cannabis producers. Every data point is captured with the traceability and granularity that auditors and regulators demand.
- Complete audit trail on every inventory operation with user attribution and timestamps
- Digital signature verification on harvests, weight recordings, and destructions
- Health Canada CTLS reconciliation data for regulatory cross-referencing
- CRA B300 excise duty report generation with automated calculations
- Quality grading system for tiered net realizable value assessments
Ecosystem
Part of the GrowerIQ ecosystem
Cultivation Tracking
Biological asset data flows directly from cultivation batch management, with plant counts and stage transitions feeding your IAS 41 valuation models.
Learn more →Quality Management
QA test results and sample tracking inform inventory impairment decisions. Failed batches are flagged for write-down with full documentation.
Learn more →Inventory Management
Post-harvest lot tracking, package runs, and warehouse operations provide the IAS 2 inventory categories your accountants need for valuation.
Learn more →Results
Business impact
Manual Reconciliation
Eliminate the quarter-end scramble. Inventory data flows directly from operations to accounting without manual spreadsheet compilation.
Audit Trail Coverage
Every inventory operation is digitally signed and timestamped. Auditors trace any figure back to its source activity in seconds.
Reporting Turnaround
Pull point-in-time inventory snapshots, activity exports, and batch reports the same day your auditors request them.
FAQ
Frequently asked questions
Does GrowerIQ calculate IFRS valuations automatically?
GrowerIQ provides the underlying inventory data your accounting team needs: plant counts by stage, harvest weights, lot quantities, cost allocations, and destruction records. Your accountants apply their own valuation assumptions and models using the exported data. This separation ensures your finance team retains full control over valuation methodology.
What inventory data can I export for my accounting team?
You can export batch inventories, lot details, complete activity logs, full inventory snapshots, and transaction records as CSV files. The AI Report Builder also lets you run custom queries in plain English and export the results. All exports include timestamps, user attribution, and lot-level traceability.
How does GrowerIQ handle the IAS 41 to IAS 2 transition at harvest?
When plants are harvested, GrowerIQ records the exact wet weight with digital signatures from the person who weighed, checked, and approved the harvest. This harvest event marks the transition from biological asset (IAS 41) to agricultural produce and subsequent inventory (IAS 2). All post-harvest stages, including drying, curing, and packaging, are tracked as separate inventory categories.
Can auditors access point-in-time inventory data?
Yes. GrowerIQ maintains historical snapshots that let you reconstruct inventory positions as of any past date. This is critical for period-end cutoff testing and retrospective valuation. Auditors can verify what inventory existed, where it was, and what stage it was in at any reporting date.
How are destruction events documented for write-downs?
Destructions follow a two-step process: inventory is first queued for destruction with a reason code, then the actual destruction is recorded with dual-witness digital signatures. The system captures original quantity, destroyed quantity, destruction date, personnel involved, and the reason. This documentation supports inventory write-down entries under IAS 2.
Customer Reviews
Trusted by cannabis operators worldwide
Platform
Explore GrowerIQ Modules
Cannabis Inventory Accounting integrates seamlessly with the full GrowerIQ platform. Pull financial data from cultivation batches, quality workflows, and compliance reporting.
Cultivation
Software that conforms to your operations
Manufacturing
Produce the best quality products
QMS
Connect your QA team to the rest of your operations
CRM
Track Accounts, Orders, and Shipments in one place
GACP/EU GMP
Capture new markets through high-quality standards
Reporting & Data
Multi-facility and team reporting in one place
See cannabis inventory accounting in action
Ready to give your accounting team audit-ready inventory data from day one? Let us show you how GrowerIQ maps your cultivation and inventory operations to IFRS requirements.
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About GrowerIQ
GrowerIQ is changing the way producers use software - transforming a regulatory requirement into a robust platform to learn, analyze, and improve performance.
To find out more about GrowerIQ and how we can help, fill out the form to the right, start a chat, or contact us.