We’re excited to have XYPN teammate, Dan Keslin, on the show today. Dan is the Director of XYPN Books and he joins us today to shine light on the responsibilities of an RIA owner when it comes to keeping books and financial records accurate and updated—a task many advisors underestimate when starting out.
Dan talks about how having a deep understanding of your accounting allows you to make strategic decisions about your firm, compare yourself to benchmarks, seek credit, and even know when it’s the right time to hire. He walks through best practices for reconciling books and creating a chart of accounts, and breaks down what XYPN Books can offer advisors—and what to consider when outsourcing certain aspects of your business.
If you’re interested in what it may be like to balance your own books, or outsource it to the pros, then this episode is for you.
You can find show notes and more information by clicking here: https://www.xyplanningnetwork.com/282