Beta Alpha Psi began its roots at Weber State in the mid-1980s. Brad Berrett, an accounting student, helped establish an organization where accounting students could network and socialize. His intent was to have this organization officially become a chapter of the national fraternity of accounting, Beta Alpha Psi. While the organization was started, the affiliation with Beta Alpha Psi didn't happen until the 1994-1995 academic year.

In order to become a full chapter of Beta Alpha Psi, the Weber State accounting organization had to go through a rigorous two year trial period where they partiicapted in various service projects and activities before being approved as the Theta Tau Chapter of Beta Alpha Psi. In 1995, Beta Alpha Psi was awarded a Crystal Crest Award for Recognized Organization of the Year. Since becoming an official chapter, Beta Alpha Psi has continued to have an active presence on campus at Weber State University.