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Bookkeeping Services in Riverside, CA

As a small business owner you have more important things to do than to keep your own books. As one of the top tax preparation firms in Riverside you can trust us to expertly manage your books for you, so you can get back to the job of running your business and generating profits!

Each month or quarter we'll do the following things for you...


These tasks form the solid foundation of your small business AccountingBookkeeping system. You can customize the package of Riverside tax services you receive by adding payroll, tax planning, tax preparation, or any of our other services including Quickbooks support .

Bank Reconciliation

Reconciling your business checking account each month allow us to keep your bank account, AccountingBookkeeping, and taxes up-to-date.

Having us reconcile your account each month allows you to...

  • Identify lost checks, lost deposits and unauthorized wire transactions.
  • Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
  • Detect and prevent embezzlement of funds from within your company.
  • Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
  • Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
  • Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
  • Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.

Income Statement

An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.

An income statement allows you to...

  • Track revenues and expenses so that you can determine the operating performance of your business.
  • Determine what areas of your business are over-budget or under-budget.
  • Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
  • Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
  • Determine your income tax liability.

Balance Sheet

A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.

A balance sheet helps you...

  • Quickly get a handle on the financial strength and capabilities of your business.
  • Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.
  • Determine if your business is in a position to expand.
  • Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses?
  • Determine if you need to take immediate steps to bolster cash reserves?
  • Determine if your business has been slowing down payables to forestall an inevitable cash shortage?

Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

Maintaining a Clean General Ledger

The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.

Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.

Unlimited Consultations

We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.

Contact Paramount Tax & Accounting CPAs Riverside if you'd like to receive a Free Consultation on our Small Business AccountingBookkeeping Service.

Easy Online Booking

Get started with Paramount for your tax services in Riverside, CA, recommended by family and friends every time.

OR

Request Appointment

Contact Paramount Tax & Accounting CPAs Riverside

Easy Online Booking

Get started with Paramount for your tax services in Riverside, CA, recommended by family and friends every time.

OR

Request Appointment

Contact Paramount Tax & Accounting CPAs Riverside
Request Appointment
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Bookkeeping cpa Riverside

Phil has been so helpful. He is great to work with and I'll be using him for the future.
— Emily, Posted December 22nd 2022 on google
Phil was friendly, accommodating, and made what is typically a very stressful task for me, as simple and seamless as possible. Would definitely recommend his tax prep services!
— Faith Sampson, Posted September 14th 2022 on google
Highly recommend Paramount Tax and Accounting. Phil has been doing our personal and business taxes for the last 3 years. He is thorough, professional, and always available. Thanks Phil!
— Frank Melo, Posted August 16th 2022 on google
Phil always provides great service! He is honest, efficient and readily available to answer all of our question. Would highly recommend!
— Jessica Melo, Posted August 10th 2022 on google
Phil made doing my taxes easy and he seems like a really nice guy. Would recommend to others for all your tax needs.
— Jésus H. Cristophe, Posted July 27th 2022 on google
Paramount Tax is a great business. Phil has helped many businesses and individuals to make the complicated tax preparation and filing simple. Call Paramount Tax and Accounting!
— Troy Thomas, Posted May 17th 2022 on google
Phil at Paramount Tax is great. He is very cautious and competent tax professional, and he helped me and my wife a lot during a year where we had a little bit more complex of a filing. He made it easy for us, and we feel confident that our taxes were filed with diligence and care. I would recommend him to anyone who n...
— Duncan Rodman, Posted May 14th 2022 on google
Great quick service. Very knowledgeable. Would use him again
— Waterman Properties, Posted March 26th 2022 on google
Riverside, CA Tax Review

Free 3-Year Tax Review

We review 3 years back to find errors / missed deductions.

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Paramount Experience


Many people do not know how a professional tax firm differs from a tax preparer. The main difference when working with a professional tax and accountingbookkeeping firm, such as Paramount Tax & Accounting CPAs Riverside, is that we know taxes!

Paramount has worked hard to create relationships to deliver the value that our clients expect. In fact, our goal is to be the No. 1 Bookkeeping firm in Riverside. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting CPAs Riverside!

Free Consultation 909-484-3404

Upgrade to Tax & AccountingBookkeeping Firm


Whether you are filing personal taxes or you own a business, if you are not already using a professional tax and accountingbookkeeping firm, you have most likely already missed out on major tax benefits, deductions and credits. This is because a professional tax and accountingbookkeeping firm utilizes licensed professionals, who can not only advise individuals on personal financial matters but who are qualified to advise businesses, financial institutions, nonprofit organizations and government agencies on a wide range of financial topics. Our strict standards ensure that we understand the complicated tax laws and how to implement strategies that return the most benefits to individuals and businesses. Give Paramount Tax & Accounting CPAs Riverside a call or visit our tax and accountingbookkeeping firm in Riverside for a free consultation.

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Why Choose Paramount Tax & Accounting CPAs Riverside?

Riverside, CA Tax Services

Through dedication to the three underlying principles of professionalism, responsiveness and quality, Paramount is committed to providing outstanding service to our clients.

Bookkeeping Services in Riverside

Bookkeeping Services in Bountiful Paramount Tax is now offering financial and tax franchises across the US!

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