Bookkeeping Process
How RBAA Simplifies Your Bookkeeping
At RBAA, we understand that managing your business’s financial records can be overwhelming and time-consuming. Our bookkeeping services are designed to take the stress out of bookkeeping, so you can focus on your business.
Our Bookkeeping Process
Our process ensures your financial records are accurate, current, and, in line with regulatory standards.
Predictable Costs
We’ll meet with you to understand your business and financial needs, including:
- Your existing bookkeeping,
- Areas of concern,
- Determine your objectives for bookkeeping, and
- Assess volume and complexity of transactions.
01
02
Tailored Bookkeeping Strategy
We will craft a customized plan for:
- The range of services needed, and
- Frequency of tasks.
Onboarding
We’ll collect data and ask for access to:
- QuickBooks files
- Bank/credit card statements
- POS/revenue reports
- CRA/HST files
- Receipts and Accounts payable
03
04
Bookkeeping Support
We’ll perform bookkeeping tasks and keep records up to date by:
- Recording transactions.
- Overseeing accounts payable and receivable.
- Reconciling bank and credit card statements.
- Preparing financial statements.
Our Bookkeeping Process
Our process ensures your financial records are accurate, current, and, in line with regulatory standards.
01
Predictable Costs
We’ll meet with you to understand your business and financial needs, including:
- Your existing bookkeeping,
- Areas of concern,
- Determine your objectives for bookkeeping, and
- Assess volume and complexity of transactions.
02
Tailored Bookkeeping Strategy
We will craft a customized plan for:
- The range of services needed, and
- Frequency of tasks.
03
Onboarding
We’ll collect data and ask for access to:
- QuickBooks files
- Bank/credit card statements
- POS/revenue reports
- CRA/HST files
- Receipts and Accounts payable
04
Bookkeeping Support
We’ll perform bookkeeping tasks and keep records up to date by:
- Recording transactions.
- Overseeing accounts payable and receivable.
- Reconciling bank and credit card statements.
- Preparing financial statements.
Outsourcing vs Employment
Many small business opt to hire an in-house staff member to do their bookkeeping. It’s estimated that having and employee on payroll costs approximately 1.4 X their salary. Here’s how you come out ahead by working with RBAA as your Outsourced Accounting and Advisory Department.
Employee Costs
One monthly fee
Based on the unique needs of your business, your goals and your desired outcome.
Our conservative estimate puts us at well over $57 K annually or $4,750.00 per month. Our fee is significantly less and we keep going where the employee stops!!
| In-House Employee Deliverables | RBAA Deliverables | |
|---|---|---|
| Daily transaction entry/allocation and monthly reconciliation |  | |
| Accounts Receivable and Accounts Payable Tracking | | |
| Month end adjustments and system generated P&L and Balance sheet | | |
| Analysis | |
|
| Monthly meetings | |
|
| Business advisory and strategic planning | |
Ready to Outsource Your Bookkeeping Work?
You have more important things to do than bookkeeping and accounting. Trust us to take care of your bookkeeping, payroll, tax prep, and reporting.
Discover more about RBAA by completing our online form below.