Bookkeeping Services in Silicon Valley / Campbell, 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 Silicon Valley / Campbell 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 Silicon Valley / Campbell 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 - Silicon Valley Central if you'd like to receive a Free Consultation on our Small Business AccountingBookkeeping Service.
Elayne helped me incorporate my real estate business. She answered all of my questions and provided valuable advice and consulting that saved me thousands of dollars. I am so glad that I chose Elayne Pace and I feel confident referring her to all of my clients.
I recommend Paramount Tax to anyone looking to remove the stress of filing taxes. The process was straightforward and Elayne was always available to answer any questions.
— Larissa Delgadillo,
Posted March 8th 2023 on google
Elayne was fantastic to work with. Amazing with communication and would take her time to explain things to me and answered any questions I Had.
Recommended from a friend. Elayne was great. Hassle-free tax preparation with a smile. It was convenient to scan in your documents to a secure portal at your leisure, followed by a brief optional meeting to review. Cost for tax prep is on par with others. This business is located in San Jose's Cambrian area.
I highly recommend working with Elayne, in any context. She is responsive, diligent, informed and compassionate. She cares deeply about the individuals she serves and I felt that my family's needs were her utmost priority. Thank you Elayne!
— Lauren Lessard,
Posted November 17th 2022 on google
Elayne at Paramount Tax & Accounting is a true professional and very personable. She can answer and solve complex tax and accounting questions.
— David Bruni,
Posted November 16th 2022 on google
Elayne is honest, dependable and knowledgeable. I love the fact that Paramount has such a deep network to get answers to all your tax questions.
— Margie Beiderman,
Posted November 11th 2022 on google
Thank you Elayne! Your knowledge and attention to detail really helped us!
— Jennifer Fuller,
Posted November 2nd 2022 on google
Very Professional
— Mindy's Home Goods Furnitures,
Posted October 31st 2022 on google
I'm a nonprofit consultant, and I've thoroughly enjoyed working with Paramount Tax on client projects. The service provided is always professional, and high quality, and they are a pleasure to work with, I would 100% recommend to anyone looking for quality services.
Elayne was a delight to work with. I was way behind, she not only was supportive she got me on track, she was prompt with my taxes, her system to upload documents are user friendly! I will definitely be using her for upcoming tax years. She is professional and knowledgeable with great communication.
— Nikki Garland,
Posted October 7th 2022 on google
Elayne Pace is an efficient and capable professional, and an asset to all those that use her for tax advice, and accounting and financial services. She continues to get positive reviews from her clients and not only do they get a skilled expert in the field, they get a compassionate and kind ally.
— Andrea Sprague,
Posted September 29th 2022 on google
Since I have a huge debt with the IRS, taxes, offers in compromise and just knowing which forms apply has always been a challenge. Since Ive met Elayne my struggles are no longer an issue. Her knowledge, suggestions and consistency has enabled me to see light at the end of the tunnel. I have finally found a tax advis...
— Connie Garland,
Posted September 27th 2022 on google
Elayne consistently provides not only courteous, but informed customer service. I appreciate her professionalism, “above-and-beyond” actions, and positive yet pragmatic attitude.
— Dorothy Kinne,
Posted September 27th 2022 on google
I have known Elayne for years, and Elayne is so knowledgeable in these areas. If you need help with tax and accounting related, I strongly recommend Paramount Tax and Accounting.
Elayne is amazing! She is incredibly detail-oriented and can help answer any questions you have. She is easy to work and a highly educated professional. I would recommend her to anyone looking for top tier Tax and Accounting services.
— Dylan Pace,
Posted September 26th 2022 on google
Elayne is a very experienced and dependable individual.
— Azeb Wossen,
Posted September 26th 2022 on google
Free
3-Year Tax Review
We review 3 years back to find errors / missed deductions.
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 - Silicon Valley Central, is that our firm utilizes the services of CPAs, EAs, and Attorneys who are distinguished from other finance professionals by stringent qualification and licensing requirements.
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 Silicon Valley / Campbell. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting, CPAs - Silicon Valley Central!
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 such as CPAs, EAs and Attorneys, 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 - Silicon Valley Central a call or visit our
tax and accountingbookkeeping firm in Silicon Valley / Campbell
for a free consultation.
Through dedication to the three underlying principles of professionalism, responsivenessandquality, Paramount is committed to providing outstanding service to our clients.
Paramount Tax is now offering financial and tax franchises across the US!
Free
3-Year Tax Review
