Timely and accurate information forms the basis of many critical decisions in today’s world. In smaller businesses and organizations, the ability to produce financial data and maintain accurate records of business transactions may be limited by the skills of internal staff, or the availability of qualified personnel in the local marketplace.
In addition to a restricted supply of qualified personnel, organizations are often faced with the task of attempting to install and maintain adequate accounting and computer systems to support their daily activities.
At Baylis & Company, our staff is fully qualified to assist small organizations maintain proper accounting records and meet their tax filing requirements on a timely basis. The cost for our services can be substantially below the total cost of a full-time employee and our basic fees for monthly compilation services are often well below the weekly cost of a bookkeeper.
Our Small Business Services are performed by a skilled and highly trained staff supervised by Firm professionals. Our personnel are well versed in the needs of small organizations and provide services on a monthly or quarterly basis to a wide variety of clients, including:
General Ledger Processing
Bank Statement Reconciliation
Sales Tax Reporting
Fixed Asset and Depreciation Schedules
Budgeting and Financial Analysis
Accounts Payable and Payroll Processing
Our general ledger systems are designed to be very flexible and have extensive reporting capabilities. We provide each client with a complete set of financial statements, journals, ledgers, and payroll reports for each period we process. We can also design custom reports to meet special reporting requirements or internal needs.
Our staff is also trained in the basic tax reporting issues that confront small organizations each month, including payroll taxes, sales taxes and excise taxes. We also provide assistance in working with worker’s compensation and unemployment tax audits.
We bring to our Small Business Services the knowledge and experience of the many professionals of the Firm, and provide clients with the unique perspective of an advisor to many similar organizations. We are also well versed in technology issues and can help clients transition to more sophisticated accounting and bookkeeping solutions.
As our clients mature, we are able to assist in the transition from our Small Business Services to their own in-house accounting and computer systems. We can work with clients to set up a computerized checkbook solution which prepares accounts payable and payroll checks, including Quickbooks and Peachtree. The resulting data can then be electronically transferred to our system for further analysis and final reporting.
We are also capable of providing more extensive client assistance in the areas of:
We also offer a full range of services to assist in independent accounting system design and computer implementation.
For further information please contact Karen P. Lean.