Unlike competitors, BDOS downloads RBC files throughout the month and captures both trade and non trade financial information. All general ledger entries are automatically generated and rep commissions are calculated.
Frequent downloads enable the reps to track their commissions and allows the firm to accurately determine their Net Capital on a timely basis (as required by FINRA) .
BDOS also has special procedures to reconcile the RBC monthly settlement statement. Typically, the reconciliation process is effortless and takes 1 – 2 hours.