Small Business Accounting

Your Place for Excellent Small Business Accounting Services

Although no two successful small businesses are exactly alike, they share one similarity: efficient accounting. Unfortunately, balancing the day-to-day responsibilities of operating your business with its various accounting tasks can be overwhelming. If you’re looking for a way to maximize the potential of your company’s accounting, our firm is the place for you.

At BASC Expertise, we’re proud to offer time-tested accounting services for small businesses. Whether you’d like help creating financial statements or need assistance reconciling your accounts, the BASC Expertise team has the knowledge and skills you need. Contact us today to schedule a consultation and take the first step toward getting excellent small business accounting help.

Do I Need Professional Accounting Help?

Our services may be perfect for you if you’ve ever thought of getting professional accounting assistance but were held back by financial constraints. At BASC Expertise, we offer flexible rates that can help make it easy to bring a wealth of accounting experience to your corner without severely compromising your budget. Not only that, but there are also various benefits to getting professional accounting services that you should first consider, including the following:

Improving cost savings: Bringing on a full-time accountant can be financially impossible for many small businesses. When you trust our firm with your accounting, we’ll streamline your back office without the cost of hiring a full-time employee.

Reducing mistakes: Accounting is a detail-intensive process, and its many moving parts can make it challenging to ensure accuracy. The BASC Expertise team is passionate about details and will ensure that your information is double-checked to help keep mistakes to a minimum.

Providing valuable support: If you’ve ever had accounting problems that you had to face alone, you know how frustrating it can be. As part of our small business accounting services, a skilled and experienced accountant is only a phone call away.

Your Reliable Accounting Partner

At BASC Expertise, you can rest assured that we’ll serve as your reliable financial partner for years to come. As such, we have the knowledge and skills to adapt to your company’s changing accounting requirements. Whether you’re changing business entity types or merging with another company, you can trust our firm.

A hallmark of our firm is our commitment to communication. We’ll provide you with regular updates about your accounting so that you never feel like you’re being left in the dark. Additionally, we can break down complex concepts into easy-to-understand terms so that you’re up to speed every step of the way.

Creating Detailed Financial Statements

Financial statements are documents that detail your business’ activities and financial performance. You can make informed and confident decisions about your company’s goals through financial statements. However, not only can it be challenging to create financial statements but it can also be challenging to interpret their contents. As part of our small business accounting services, we’ll create detailed financial statements and provide you with actionable insights. Some of the financial statements we can create include but are not limited to the following:

Cash flow statements: This type of financial statement reports the cash that comes in and out of your business. Having a clear understanding of your cash flow can help you cover expenses and purchase assets.

Balance sheets: A balance sheet gives you crucial information on your company’s assets, liabilities, and shareholders’ equity. Using a balance sheet, you can provide prospective business partners with a snapshot of your company’s financial capabilities.

Income statements: An income statement shows how much revenue your venture has earned over a period of time. Not only that, but it also shows you the effectiveness of your company’s financial strategies.

Performing Complex Account Reconciliation

Account reconciliations are internal controls, typically run at the end of an accounting period, that balance a business’ general ledger and its various accounts. Through account reconciliations, you’re able to monitor and track your company’s assets, liabilities, equity, revenue, expenses, gains, and losses and uncover potential errors or omissions. The BASC Expertise team will gather all of the relevant records, compare financial statements, and review any discrepancies.

Accounting FAQs

It’s normal to have various questions about our accountant services. That’s why our team is here to answer any questions you may have. Some frequently asked questions about accounting include the following:

Do I need to hand over full control of my accounting?

No. A crucial component of our services is that we can adapt them to fit your comfort level. For example, if you only need help creating financial statements, our firm can tailor our services to fit that need. However, if you want us to take over your accounting department so you don't have to worry about it anymore, we can do that as well.

Can you work with my bookkeeper?

Absolutely. The BASC Expertise team will work closely with your existing bookkeeper to help improve your back office's operations.

Can you help me stay tax compliant?

Yes. As part of our accounting services, we pay close attention to tax laws and regulations at the local, state, and federal levels. If we notice any changes that may impact your taxes, we'll alert you to them and help you adjust your taxes to remain compliant.