Services
Reliable, accurate, GAAP-compliant bookkeeping — done by people who know what a patronage dividend is.
Your cooperative has financial mechanics that a standard QuickBooks setup doesn't accommodate — member equity accounts, patronage accruals, revolving fund tracking, and the specific chart of accounts structure that makes cooperative financial statements actually readable to your board.
When a generalist bookkeeper handles these mechanics, the results tend to be either ignored (patronage just gets lumped into retained earnings) or miscategorized (member equity accounts treated as liability or equity inconsistently). Both create problems — at audit time, at tax time, and when your board tries to understand what they're governing.
RBI's bookkeeping service is built specifically around cooperative accounting mechanics. We've set up the chart of accounts for more than twelve cooperative organizations. We know what a Subchapter T election means for how you categorize income, and we build it in from the first journal entry.
Monthly Bookkeeping Includes
Pricing guide
A cooperative-specific chart of accounts that properly captures member equity categories, patronage accrual accounts, revolving fund tracking, and non-member income separation — from day one, not retrofitted later.
Accurate, member-level patronage records — the foundation of legal patronage distributions under Subchapter T. We maintain the per-member usage tracking that makes correct patronage allocation possible at year-end.
Individual member equity accounts that track each member's current equity position, patronage allocations, cash distributions, and redemption history. The record system your members have a right to, and your auditors will require.
Monthly financial packages written for cooperative governance — not just an accountant's data dump. We present the information your board needs to govern responsibly, with context and variance explanations they can actually use.
Year-end audit support including workpaper preparation, auditor coordination, and the FASB ASC-compliant disclosures that cooperative audits require. We take the scramble out of audit season.
Cooperative tax returns under Subchapter T of the Internal Revenue Code, patronage dividend deduction documentation, and annual Form 1099-PATR preparation for members. Tax compliance that reflects the actual cooperative structure of your organization.