Here are some of the frequently asked questions we get:
- What types of businesses does Regenerative Business Institute work with?
- How much does Regenerative Business Institute services cost?
- Can Regenerative Business Institute do my taxes?
- What’s the difference between a bookkeeper and an accountant?
- What other small business tools do you work with?
- What other financial services does Regenerative Business Institute provide?
- Do you serve businesses in the pre-venture or startup phase?
- Does Regenerative Business Institute handle payroll?
- Does Regenerative Business Institute handle sales tax?
- Does Regenerative Business Institute handle invoicing?
- Does Regenerative Business Institute handle bill pay?
- Why should I outsource to Regenerative Business Institute?
- What does regenerative mean anyway?
- Do my books need to be in order before I hand them over to Regenerative Business Institute?
- What accounting software do you support?
- What should I do with the shoe boxes full of receipts?
- Can you work with me if I own several businesses?
What types of businesses does Regenerative Business Institute work with?
Regenerative Business Institute specializes in agriculture and agriculture based businesses with a regenerative emphasis on their business practices, growing/raising practices, financial practices, and community involvement.
Examples of these types of businesses are:
Regenerative Business Institute specializes in agriculture and agriculture based businesses with a regenerative emphasis on their business practices, growing/raising practices, financial practices, and community involvement.
Examples of these types of businesses are:
- Agriculture - small to medium sized farms, bio-intensive operations, aquaponics, aquaculture, controlled environment producers (CEA), heritage seed companies, etc.
- Agriculture based - value-added producers, agriculture professional services (finance, legal, insurance, real-estate, marketing, etc.) artisan producers, and manufacturing companies that specialize in agriculture based tools, equipment, and products.
- Retail - Main Street, box retail, eCommerce, etc.
- Professional services – Attorneys, CPAs, real estate agents, insurance agents, financial advisors, marketers, etc.
- Contractors – General Contractors, rough and finish carpenters, HVAC technicians, plumbers, electricians, painters, etc.
- Health and wellness – Counselors, Naturopathic Physicians, Health Retailers, etc.
- Restaurants – Quick-service restaurants, fine dining restaurants, coffee shops, caterers, specialty food providers, etc.
- Hospitality - Hotels, B&Bs, RV Campsites, etc.
How much does Regenerative Business Institute services cost?
Check out our Pricing section for details on the cost of our services.
Check out our Pricing section for details on the cost of our services.
Can Regenerative Business Institute do my taxes?
Regenerative Business Institute does not do tax preparation or filing. We work with outstanding and ethical CPA partners and are able to coordinate your tax prep and filing to be done. If you have a CPA you prefer to work with, we will work with them to ensure they have what they need, in a timely manner, to handle your tax requirements.
Regenerative Business Institute does not do tax preparation or filing. We work with outstanding and ethical CPA partners and are able to coordinate your tax prep and filing to be done. If you have a CPA you prefer to work with, we will work with them to ensure they have what they need, in a timely manner, to handle your tax requirements.
What's the difference between a bookkeeper and an accountant?
Bookkeepers and accountants perform distinctly different tasks for the businesses they serve. While some accountants might provide bookkeeping services, bookkeepers are generally responsible for on-going maintenance of their clients’ general ledgers. A bookkeeper will typically handle the following tasks:
Bookkeepers and accountants perform distinctly different tasks for the businesses they serve. While some accountants might provide bookkeeping services, bookkeepers are generally responsible for on-going maintenance of their clients’ general ledgers. A bookkeeper will typically handle the following tasks:
- Compiling data on a daily basis
- Categorizing revenues/expenses in the general ledger
- Reviewing the general ledger for accuracy
- Reconciling bank statements against the general ledger
- Generating financial statements
- Preparing income tax returns
- Providing tax planning advice
- Analyzing the company’s financial data
What other small business tools do you work with?
Regenerative Business Institute uses for it's own operations and works with clients to implement:
Regenerative Business Institute uses for it's own operations and works with clients to implement:
- Effective strategies for setting goals and executing on them.
- Implementing a lean business model
- The Business Model Canvas
- Profit Mastery
- Principles of business shared and used by Joel Salatin of Polyface Farms
- Principles of business shared and used by Will Harris of White Oak Pastures
- Principles of business shared and used by the Permaculture community
- A Triple Bottom Line Focus - (Social, Ecological, and Financial)
What other financial services does Regenerative Business Institute provide?
Regenerative Business Institute provides the following services:
Regenerative Business Institute provides the following services:
- Cash flow management - Recording deposits, matching payments to accounts receivable, expense management
- Expense management – Expenses categorization, accounts payable, receipt and mileage tracking
- Bill payment – Online bill payment, document storage
- Payroll services – Payroll software setup, reconciliation
- Financial reporting - Producing/reviewing financial statements from GL (i.e. Income Statement, Balance Sheet)
- Financial ratios - Used as a management tool to provide owner with insight into operational and financial performance metrics
Do you serve businesses in the pre-venture or startup phase?
Of course we do! Experience has taught us that pre-venture and start-up phase companies are highly susceptible to cash flow problems. In-fact, cash flow problems, rather than a lack of sales, is the leading cause of business failure. At Regenerative Business Institute, we will set your books up properly from the beginning. Additionally, we are able to use various resources from a business development standpoint to assist with your company's Financial Plan, Feasibility Analysis, Market Segmentation, Break-even Analysis, and Minimally Viable Product.
Of course we do! Experience has taught us that pre-venture and start-up phase companies are highly susceptible to cash flow problems. In-fact, cash flow problems, rather than a lack of sales, is the leading cause of business failure. At Regenerative Business Institute, we will set your books up properly from the beginning. Additionally, we are able to use various resources from a business development standpoint to assist with your company's Financial Plan, Feasibility Analysis, Market Segmentation, Break-even Analysis, and Minimally Viable Product.
Does Regenerative Business Institute handle payroll?
Yes, Regenerative Business Institute is able to assist with payroll processing through a cloud based payroll system that connects with your accounting software. We verify the details from each pay cycle, record the journal entries, reconcile against your bank statement, and produce the financial statements. Additionally, we work to ensure that payroll is properly recorded to either cost of goods sold or overhead expenses. This allows us to accurately track your gross and net margins.
Yes, Regenerative Business Institute is able to assist with payroll processing through a cloud based payroll system that connects with your accounting software. We verify the details from each pay cycle, record the journal entries, reconcile against your bank statement, and produce the financial statements. Additionally, we work to ensure that payroll is properly recorded to either cost of goods sold or overhead expenses. This allows us to accurately track your gross and net margins.
Does Regenerative Business Institute handle sales tax?
Regenerative Business Institute will help you track the sales taxes you collect so you're prepared to file and report at the correct times. Regenerative Business Institute does not currently do sales tax calculations or filing. We recommend that you work with your CPA to develop a tax strategy that is appropriate to your industry and situation.
Regenerative Business Institute will help you track the sales taxes you collect so you're prepared to file and report at the correct times. Regenerative Business Institute does not currently do sales tax calculations or filing. We recommend that you work with your CPA to develop a tax strategy that is appropriate to your industry and situation.
Does Regenerative Business Institute handle invoicing?
Regenerative Business Institute will help you manage your invoice reconciliation process and your revenue tracking. We can set you up with electronic invoicing and provide you with the training necessary to efficiently manage the invoicing process. At this time, we don't send invoices to your clients on your behalf but we can work with you, through our business development services, to properly manage your invoices and accounts receivables based on your industry composites.
Regenerative Business Institute will help you manage your invoice reconciliation process and your revenue tracking. We can set you up with electronic invoicing and provide you with the training necessary to efficiently manage the invoicing process. At this time, we don't send invoices to your clients on your behalf but we can work with you, through our business development services, to properly manage your invoices and accounts receivables based on your industry composites.
Does Regenerative Business Institute handle bill pay?
Absolutely! Bill pay is one of the many features and benefits to working with Regenerative Business Institute. As part of our Institution's mission, we work to teach regenerative business and financial practices. The bill pay feature allows us to teach and deliver effective cash flow management.
Absolutely! Bill pay is one of the many features and benefits to working with Regenerative Business Institute. As part of our Institution's mission, we work to teach regenerative business and financial practices. The bill pay feature allows us to teach and deliver effective cash flow management.
Why should I outsource to Regenerative Business Institute?
We are a team of bookkeeping and accounting professionals that translate your financials into management and operational performance ratios that provide you necessary insight. The financial aspects of your business are a tool to measure many external and internal factors. We make the process of gathering, recording, reporting, and using this financial data in a way that is empowering.
We are a team of bookkeeping and accounting professionals that translate your financials into management and operational performance ratios that provide you necessary insight. The financial aspects of your business are a tool to measure many external and internal factors. We make the process of gathering, recording, reporting, and using this financial data in a way that is empowering.
What does regenerative mean anyway?
We define regenerative as A Process by Which Regeneration Occurs. Take a look at a forest, African Serengeti, or coral reef. When these natural, biological, systems are left to their innate proclivity, they are highly productive and even capable of producing an abundance of prosperity and they do so in a self-regenerating way. Agriculture producers that are leaving the industrial practices and adopting a Regenerative approach to their production methods are finding that they are sequestering carbon and building soil with fewer external inputs required. This translates into continually improving soil fertility and expanding profitability of farm and ranch enterprises. Regenerative Business Institute translates this ecologic process into business development activities with an intentional focus on bookkeeping and cash flow management as the soil building equivalent.
We define regenerative as A Process by Which Regeneration Occurs. Take a look at a forest, African Serengeti, or coral reef. When these natural, biological, systems are left to their innate proclivity, they are highly productive and even capable of producing an abundance of prosperity and they do so in a self-regenerating way. Agriculture producers that are leaving the industrial practices and adopting a Regenerative approach to their production methods are finding that they are sequestering carbon and building soil with fewer external inputs required. This translates into continually improving soil fertility and expanding profitability of farm and ranch enterprises. Regenerative Business Institute translates this ecologic process into business development activities with an intentional focus on bookkeeping and cash flow management as the soil building equivalent.
Do my books need to be in order before I hand them over to Regenerative Business Institute?
It is not necessary for your books to be in order before you hire us to take on your bookkeeping and business development requirements. In your on-boarding process, we will determine what your forensic and historic requirements are and provide you with the costs associated to bring the books current, up front.
It is not necessary for your books to be in order before you hire us to take on your bookkeeping and business development requirements. In your on-boarding process, we will determine what your forensic and historic requirements are and provide you with the costs associated to bring the books current, up front.
What accounting software do you support?
We work with Xero as our bookkeeping/accounting software. Xero is a cloud based software that allows Regenerative Business Institute and your company to have access to and perform our necessary functions anywhere in the world. Xero has many features and benefits that make the program adaptable to most businesses, industries, and users. For more information check out the bookkeeping section of our service tab or www.xero.com
We work with Xero as our bookkeeping/accounting software. Xero is a cloud based software that allows Regenerative Business Institute and your company to have access to and perform our necessary functions anywhere in the world. Xero has many features and benefits that make the program adaptable to most businesses, industries, and users. For more information check out the bookkeeping section of our service tab or www.xero.com
What should I do with the shoe boxes full of receipts?
We will work with you on your document retention strategy. When you sign on with our services, we will transfer your existing books, if applicable, to determine a strategy to digitize your historic records. Once you begin using Regenerative Business Institute, your documents will be stored in Xero, which provides a secure, cloud based solution for document retention.
We will work with you on your document retention strategy. When you sign on with our services, we will transfer your existing books, if applicable, to determine a strategy to digitize your historic records. Once you begin using Regenerative Business Institute, your documents will be stored in Xero, which provides a secure, cloud based solution for document retention.
Can you work with me if I own several businesses?
Yes, of course! Contact us to discuss your specific situation.
Yes, of course! Contact us to discuss your specific situation.
