New RIA-Compliant Bookkeeping Service

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Registered investment advisory-focused consulting firm RIA In A Box has introduced a bookkeeping service.

The new service includes profit and loss statements, balance sheets, general ledgers and transaction journals using QuickBooks to create and maintain the internal books necessary to meet state and SEC compliance standards.

Monthly fees for the bookkeeping service start at $39 and will be led by the company’s newly appointed director of accounting, Damien Scott, a Certified QuickBooks ProAdvisor.

“Based on our experience with RIAs and what we know from our compliance director who is a former auditor, RIAs don’t focus on their bookkeeping,” said RIA In A Box chief executive Zachary Gronich. “They focus on offering investment advice, so they can get in trouble on this front when audits take place. It is much better for RIAs to do what they do best rather than creating and managing compliant books. It makes financial and strategic sense for RIAs to let Damien [Scott] manage this part of the business for them.”

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