Accounting Built for Financial Advisory Firms
Outsourced bookkeeping, advisory, and systems work for RIAs, financial planners, and wealth management firms.
We Understand Your Industry
Financial advisory firms have accounting needs that look very different from most businesses. Revenue comes from advisory fees tied to assets under management, often billed quarterly through custodians instead of traditional invoices. Add financial planning fees, commissions, referral splits, and multiple owner distributions, and the financial picture becomes far more complex than a typical accounting firm is equipped to handle.
Common challenges: Advisory fees from multiple custodians, tracking planning fees and commissions, owner distributions, revenue recognition, and maintaining a clear separation between client assets and firm revenue.
Why generic accountants struggle: Most accounting firms aren't familiar with how advisory firms earn revenue or the importance of keeping client assets completely separate from the firm's books. Without that understanding, reporting can become inaccurate and compliance risks increase.
Why NetDeposited is different: We understand how advisory firms actually operate. We reconcile advisory fee revenue to custodian statements, organize owner compensation and distributions, and deliver accurate financial reporting that reflects the true performance of your practice.
The Problems We Solve!
You spend your days managing money for your clients. You shouldn't have to spend your nights reconciling advisory fees and custodian statements. We handle the books behind your firm so you can focus on your clients and your practice.
Why businesses choose NetDeposited!
We combine certified accounting expertise with specialized experience supporting financial advisory firms. As QuickBooks Online specialists, we reconcile advisory fees and custodian statements, manage multi-entity and owner-level accounting, and deliver GAAP-aligned financials you can rely on. Our cloud-based team serves firms nationwide with accurate reporting that's ready for tax, financing, or due diligence. Led by a Top 10 QuickBooks ProAdvisor recognized by Insightful Accountant, we help firms gain confidence in their financials and focus on serving their clients.
The NetDeposited Process
Discovery Call
Where you’ll tell us what you’re looking for and we’ll discuss how we can help, the services you may need, and answer any questions.
Non-Disclosure Agreement (NDA)
Sounds a little extreme, but it’s to keep your business safe! This allows us to review your systems, determine what your business needs and to create a proper scope of work.
The Proposal
Once we’ve done our review, we’ll send you a
one-of-a-kind proposal tailored to the needs of your business!
Frequently Asked Questions
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Yes. We work with registered investment advisers (RIAs) and independent financial advisory firms. We understand advisory fee billing, custodian statements, commissions, and the accounting workflows unique to advisory practices.
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Yes. We reconcile advisory fee revenue to your custodian statements so your books accurately reflect what was earned and received.
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Yes. We keep separate entities, owner distributions, and profit splits organized and reporting cleanly, and we work in Intuit Enterprise Suite for consolidated reporting.
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We do! We're fully cloud-based and serve clients nationwide.
