Proven Solutions.....

 

FINOP SOLUTION will register with FINRA as your firm's Financial & Operations Principal (FINOP).  We will provide ongoing monitoring of your firm's net capital and will prepare financial statements and net capital computations on a monthly basis.  On a quarterly basis, or as otherwise required by FINRA, we will prepare and submit FOCUS reports to FINRA. 

 

FINOP SOLUTION will establish or convert your accounting records into a QuickBooks Online Version, allowing simultaneous access to financial records for FINOP SOLUTION and two Broker-Dealer personnel designated by you. QuickBooks Online Version is a powerful and cost-effective method that allows for 24/7 access to Broker-Dealer bookkeeping from any internet accessible computer.  We will provide detailed written instructions on how to enter your firm's daily transactions into QuickBooks. FINOP SOLUTION will pay the subscription fees for QuickBooks.  Your firm will no longer need to purchase costly accounting software or upgrades.

FINOP SOLUTION will provide review and adjustments of your accounting input.  Each month, you will fax or email to FINOP SOLUTION relevant documentation, such as bank, clearing deposit and settlement statements. FINOP SOLUTION will analyze your information and prepare the appropriate accruals, journal entries, and reconciliations to ensure your financials are presented in accordance with Generally Accepted Accounting Principles (GAAP). We will prepare and provide financial statements, net capital computations and FOCUS reports to be maintained at your location.

FINOP SOLUTION will go the extra mile.  We are happy to provide assistance to firm personnel who are new to bookkeeping procedures or QuickBooks usage. We are available to visit your office for periodic on-site conferences, if requested by you or required by FINRA. We can provide a visual inspection of your books and recordkeeping procedures. We will facilitate your firm's annual financial audit by serving as liaison to outside accountants.

 

FINOP SOLUTION will ensure your firm maintains a clean FINOP compliance record, our most important duty to our clients.