DALLAS, Sept. 11, 2019 /PRNewswire/ -- The BaCo Group
PLLC (a Dallas CPA firm) announced their patent application for
their cloud-based platform, BaCo
Tech. Developed in-house by Ford Baker, CEO,
specifically for enterprises with multiple entities and complex
reporting requirements, BaCo Tech integrates client accounting
directly into a CPA's workflow. It automates year-end processes for
CPAs while giving clients access to accounting assistance and
enterprise level online financial reporting.
BaCo Tech, currently available through the BaCo Group,
integrates with most accounting solutions, from QuickBooks
Desktop/Online to more robust ERPs. BaCo Tech's
customizable Benchmark
Center automatically delivers consolidated
or stand-alone drill-down reporting/analysis, compliance
certification, and tax forecasting to shareholders, investors and
lenders periods marked final in BaCo Tech.
CPAs, controllers and bookkeepers benefit from
a Command Center that identifies potential
errors or omissions, current accounting needs like asset additions
and opportunities for tax advisories. From there adjustments are
posted (or proposed), non-deductible transactions are tracked,
depreciation schedules are updated and focused communications
between client and CPA are initiated. All within a web-based
environment without opening the accounting/ERP solution,
tax compliance software, Excel or Outlook.
Advanced algorithms, developed exclusively for BaCo Tech,
convert current year book income to taxable income by identifying
tax-significant transactions and prompting tax-preparer action.
This drastically reduces the time required to prepare returns at
year-end as these actions and adjustments are posted throughout the
year.
Current year accounting activity is updated daily, eliminating
the compiling and sending of year-end reports by clients. Ford
Baker explains, "BaCo Tech breaks the cycle of CPAs working solely
on the prior year. We extend returns by April, scramble to finalize
by October and can't focus on the current year until
basically Thanksgiving leaving us a month
for current year consulting, the service clients
want most." Baker continues, "Ending that last year cycle means
happier clients and happier accountants, something we've all been
searching for."
BaCo Tech revolutionizes current financial and tax reporting
by facilitating the flow of real-time financial information by
efficiently processing current year transactions and streamlining
ongoing current year financial communications for their audit, tax
and consulting clientele.
For more information visit bacogroup.com/BaCo Tech
CONTACT INFORMATION
The BaCo Group
Kaitlyn Kirkhart
kaitlyn.kirkhart@bacogroup.com
www.bacogroup.com/BaCo Tech
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SOURCE BaCo Group