BASCO Accounting/Financial Services

Accounting/Financial Services

Through the use of the latest accounting technology we provide smooth, protected transmission and storage of financial data. Through this information, we can offer the following services to strategically develop your profitability.

Bank Reconciliations

Since a balanced checking account is essential for any business, performing regular bank reconciliations is the foundation to avoiding costly inaccuracies. Identifying lost checks, deposits, unauthorized wire transactions, or bank errors such as misapplied transactions will save you money.

We will reconcile bank accounts each month to identify and report any variances that may be due to these types of situations.

General Ledger/Client Write-Up

The general ledger is the hub of a company’s financial records as it provides an overview of the financial position, performance and fluctuations in financial position of a business that is useful in making economic decisions.

Our services include processing monthly income and expenses and reporting them on a general ledger system. This information can then be used to prepare financial statements, disclosing the financial health of your company. It is recommended that financial statements be generated on a quarterly and annual basis.

Payroll Services

Payroll is a critical function for all businesses, but can also be complex. Our comprehensive system allows the client to properly handle both the internal pay needs of the enterprise and the various governmental mandated requirements including:

  • Issuance of employee payroll using maximum security blank check stock
  • Payroll tax deposits and quarterly internet-based reporting
  • End of year W2 and 1099 processing
  • Special circumstances such as, workers compensation audits and wage garnishment claims

Sales Tax

State and Local sales tax laws vary by state, and if you’re not informed of your sales tax obligations, you may incur penalties. If your company is required to file a monthly State and/or Local sales tax form, we can prepare and file these reports electronically in a timely and accurate manner.