XYPN Books New Firm Setup & Training

What is it?

XYPN Books New Firm Setup & Training service includes the set up of your business’s books in accordance with your state's RIA regulations, as well as a training session to teach you how to get started keeping your own books. The team will set you up with the Michael Kitces recommended Chart of Accounts. Then, during the training session, you will be taught how to navigate QuickBooks (QBO) along with how to enter any expenses you paid for out of pocket. To follow up, you will receive a list of videos to help you with your QBO processes. A QBO subscription discount is included if signing up for QBO through us!

Why is it important?

RIA’s are part of a regulated industry. As such, you are required to keep a financial set of books. When the state or SEC regulators audit your company, you must submit up-to-date Balance Sheet and Profit & Loss statements, Reconciliation Reports, and a General Ledger. XYPN Books team members are experts on accounting requirements for financial advisors in your state and will help ensure your books are set up in accordance with these regulations. Starting off on the right foot with your new business’s books is essential to your success, and XYPN Books wants to help you get there!

Pricing & Services

One Time Fee: $425 for XYPN Members Only

Account Management

Sign up for XYPN Books New Firm Setup & Training

1. You can sign up right from your Member Portal.
2. Under Sign Up, confirm your account information.
3. Click Submit.
4. You're all set! XYPN Books will be in touch with you on the next steps for your New Firm Set-Up & Training.

Billing

• Billing will be directly through XYPN monthly with your membership dues.

Questions?

• Join us for XYPN Books Office Hours!

FAQ's

Is the XYPN Books New Firm Set-Up & Training included for those that sign up for XYPN Books? No, it is not included. For new Monthly Bookkeeping clients, a one-time onboarding fee of $499 for XYPN members or $650 for non-members will be assessed; this includes new firm set-up and training. Please note this does not include the QuickBooks (QBO) subscription, which can be billed at a discount starting at $30/month through XYPN, if we set up your QBO account. Our onboarding process includes: group training, review and modification of the chart of accounts, balance sheet review, two hours of book cleanup (cleanup exceeding two hours will be charged at $250/hour), and reconciliation of bank-type accounts.

Do I need to pay for and complete the XYPN Books New Firm Set-Up & Training webinar if I would like to receive the QuickBooks discount? Yes, you are required to pay the attend the XYPN Books New Firm Set-Up & Training if you are setting up a new QuickBooks account and would like to receive the discount.

Does the XYPN Books New Firm Set-Up & Training fee of $425 include the first month of my Quickbooks (QBO) subscription? No, it does not. Both the $425 one-time fee and the QuickBooks monthly subscription fee will be billed through XYPN on your monthly invoice as separate costs.

Contact

For questions or concerns, please contact XYPN Books directly at xypnbooks@xyplanningnetwork.com