Monthly Accounting, Live Payroll, Business Taxes and Unlimited CPA Consultations.
Since 1971, All included for a set fee.
Your Trusted Accounting Partner
Business Accounting Systems PC was started in 1971 by Leon A. Elwell, PA and continues to be operated today by L. Scott Elwell, MST, EA. “Lee” built a business model designed to meet the needs of the small business person by providing all the services a small business needs to thrive, all for a fixed set fee with no hourly billings, and no surprise bills. We work proactively to get you answers, by doing this, you the small business owner can focus on what you do best. Think of us as your CFO!!
Are you looking for an Accounting Firm Serving in South Jersey?
Business Accounting Systems, PC has been a beacon of trust and reliability in the accounting industry since 1971. With over 50 years of experience, our family-owned and operated business stands as a testament to our commitment to providing exceptional accounting services. Our team of professionals at our CPA firm are well-equipped to handle a wide range of your accounting payroll and tax needs. As a QuickBooks Certified ProAdvisor and a member of the NJCPA, we are not only recognized for our expertise but also for our dedication to staying up-to-date with the latest industry trends and technologies. Our accolades reflect our consistent performance and the high level of trust our customers place in us. Contact us today for a free consultation.
Our Services
Our firm is a resource for our clients who need help with one or more of the following services:
Monthly Accounting
Our monthly accounting services are designed to provide accurate and timely financial information. We handle financial statement preparations and bank reconciliations.
Live Payroll
Our live payroll services ensure your employees are paid accurately and on time. We handle all aspects of payroll, including tax payments & all filings as well as all year end filings including W-2’s.
Business Taxes
Navigating the complex world of business taxes can be daunting. Our experienced team can help you comply with tax laws, minimize your tax liability, and plan for future tax implications. Your Business Return is included in our fee.
Personal Taxes
We offer comprehensive personal tax services, from preparing and filing your tax return to advising on tax-saving strategies. We aim to make the tax process as stress-free as possible for you.
Outsourced Bookkeeping
Our outsourced bookkeeping services are available to provide the financial information you need to make informed business decisions.
FAQs
Business Accounting Systems is here to answer all your questions about our accounting business and services. Check out our FAQs page to learn more.
FAQs
Q: How can outsourcing my business accounting improve overall financial health and efficiency?
A: Outsourcing your business accounting provides access to expert financial guidance without the cost of an in-house team. Professional accountants can help streamline processes, ensure compliance, reduce costly errors, and provide accurate financial reporting. This allows business owners to make informed decisions, focus on growth, and maintain healthier cash flow management. It also ensures that tax deadlines and financial obligations are met efficiently, minimizing risks and maximizing profitability.
Q: What is the role of an accountant?
A: An accountant plays a vital role in managing a business’s financial records. Their responsibilities include tracking income and expenses, preparing financial statements, ensuring tax compliance, analyzing financial data, and offering strategic advice for budgeting and forecasting. Accountants help maintain the financial integrity of a business and support better decision-making through accurate and timely reporting.
Q: What are the different types of accounting?
A: There are several key types of accounting, each serving a specific purpose:
- Financial Accounting: Focuses on preparing financial statements for external stakeholders like investors and regulators.
- Managerial Accounting: Provides internal financial analysis to aid management in planning and decision-making.
- Tax Accounting: Ensures compliance with tax laws and manages tax-related tasks such as filing returns and strategizing deductions.
- Cost Accounting: Analyzes the cost structure of a business to improve efficiency and control expenses.
- Forensic Accounting: Investigates financial discrepancies and fraud, often used in legal proceedings.
Q: What financial reports should I review regularly?
A: To maintain a clear picture of your business’s financial health, you should regularly review the following reports:
- Profit and Loss Statement (Income Statement): Shows your revenue, expenses, and net profit over a specific period.
- Balance Sheet: Provides a snapshot of your assets, liabilities, and equity at a given point in time.
- Cash Flow Statement: Tracks the flow of cash in and out of your business, highlighting liquidity.
- Accounts Receivable & Payable Reports: Helps you manage outstanding invoices and upcoming payments. Regularly reviewing these reports helps identify trends, manage cash flow, and make informed business decisions.
Here's what our satisfied customers are saying
At Business Accounting Systems, we take pride in providing exceptional accounting services to our customers. Your feedback helps us improve and helps others make informed decisions.
My guess is that it happens to most small business owners like me. You don’t have a CFO and you get to year end and you’ve neglected your record keeping throughout the year, so it’s a scramble to get everything ready by March 15 for your corporate taxes. Plus, small business owners wear so many hats that this is often not at the top of the list to get done. You end up having to do an extension. The great thing about Business Accounting Systems is that you are completely ready at year end for tax time as they’ve kept you up to date each month. No stressful deadlines. I highly recommend Business Accounting Systems.
Bob Bentz
5/15/2025
BAS has been my Company CPA Accounting Firm since 1972. I think that says it all.
It was a true pleasure working with Steve D. over at BAS Inc. He is so knowledgeable and easy to talk to. Highly recommend BAS Inc. and Steve.
John & Janae Fiorelli (FIG LLC)
4/28/2025
Here's what our satisfied customers are saying
At Business Accounting Systems, we take pride in providing exceptional accounting services to our customers. Your feedback helps us improve and helps others make informed decisions.
Peter Zams
12/27/2024