Bookkeeping

As a small business owner you have more important things to do than to keep your own books. We take care of 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 accounting system. You can customize the package of 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, accounting, 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 if you'd like to receive a Free Consultation on our Small Business Accounting Service.

Bookkeeping

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Bookkeeping


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Paramount Tax tax accountant

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I can't express enough how incredibly pleased I am with the services provided by Paramount Tax. From the moment I walked into their office, it was evident that this team truly cares about their clients' success. What stood out to me was the one-on-one consultation where they patiently explained the entire process, bre...
— Sterling Jones, Posted October 1st 2023 on google
Jeff was amazing. I aporeciated his ability to tailor tax scenarios to better help me prepare for my next tax cycle.
— Jason Hassard, Posted March 14th 2023 on google
I had a great experience with Paramount. They are professional, knowledgeable, and friendly. They answered all my questions and explained everything clearly. I highly recommend them to anyone who needs tax help. They are the best tax accountants in town!
— Sergei, Posted September 22nd 2023 on google
I like them going to enjoy doing business with them 👍
— errol nelson, Posted September 21st 2023 on google
I’ll never do taxes without these guys again!!
— Kelsey Boyce, Posted September 21st 2023 on google
Paramount is great!
— Matt Boyce, Posted September 21st 2023 on google
Jeffrey is personable, professional, & informative. He asked clarifying questions and recommended a CPA that could help file the trust return I'll need since mom's death.
— Diana Gonzalez, Posted September 18th 2023 on google
Very impressed with this group. Dave is incredibly knowledgeable and helped me develop personalized tax strategies. I’ll be a long time client for sure! Thank guys, you’re awesome!
— Daniel Westenskow, Posted September 13th 2023 on google
Jeff & Doug has helped with our taxes past 2.5 years and they are very knowledgeable and always help us better understand our situations and answers all of our questions. Highly recommend them for anyone.
— Paul Kim (khjpaul), Posted September 10th 2023 on google
I loved meeting with Lexi because they always know how to put my anxieties at ease, my questions get answered quickly and even better, they love talking about my business finances!
— Liz B, Posted August 31st 2023 on google
Paramount has been incredible to work with. Very thorough and responsive and always acting in our best interest. Would highly recommend!
— Matthew Bauer, Posted August 23rd 2023 on google
Jensen was phenomenal! Her knowledge in taxes exceptional. Readily answered all questions, listened intently, guided me through the complex tax issues I am facing. Treated me with understanding and respect. I went into her office carrying a huge emotional burden and ignorance on how to navigate my tax complexities. She...
— Sharon Naegle, Posted August 21st 2023 on google
We love you guys! They are quick and super helpful and efficient!!
— Lisa Cozzens, Posted April 12th 2023 on google
I reached out to Jeffrey for a Spanish speaking client of mine. Jeffrey was patient, knowledgeable, and professional. My client will be reaching back out to Jeffrey closer to the tax season.
— Elizabeth Gutaj, Posted August 16th 2023 on google
Lexi and Jeff are great.
— Nathan Smith, Posted July 21st 2023 on google
Jeff and his team provide great tax advice and I especially like the forward tax planning and strategy sessions to minimize our taxes.
— David Christine Nilsson, Posted July 13th 2023 on google
Just had a free consultation with Jeffrey and I was impressed with the virtual meeting we did. He was very knowledgeable and had a lot of experience with S-Corps, small business, and real estate tax.
— Chace, Posted December 10th 2021 on google
I was very impressed with Josh. He knows the tax laws and he was great at explaining everything in a way that was easy to understand. Five stars, for sure.
— David Dalby, Posted July 10th 2023 on google
So happy we found this place. We’ve worked with Jeff, Doug & Lexi & they are wonderful. They helped us with business and personal tax returns, giving very helpful inputs & guidance. Highly recommend!
— Jeanette Tua, Posted June 29th 2023 on google
These guys are great!
— Matt Russell, Posted June 27th 2023 on google

Bookkeeping awards

Winner! 2017 Angie's List Super Service Award.

Testimonials Awards

Paramount Experience

Many people do not know how a professional tax and accounting firm differs from a bookkeeper or tax preparer. The main difference when working with a professional tax and accounting firm, such as Paramount Tax, 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 America. So when you ask yourself, "Where can I find Bookkeeping services near me?"... think no further than Paramount Tax!

Free Consultation 801-890-4777

Upgrade to Tax & Accounting Firm

Whether you are filing personal taxes or you own a business, if you are not already using a professional tax and accounting firm, you have most likely already missed out on major tax benefits, deductions and credits. This is because a professional tax and accounting firm utilizes licensed professionals such as Certified Public Accountants (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 a call or visit our tax and accounting firm for a free consultation.

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Annandale, VA
7023 Little River Turnpike, Annandale
Virginia, 22003

703-939-9800

Annapolis, MD
1997 Annapolis Exchange Parkway, Annapolis
Maryland, 21401

410-562-5832

Bountiful, UT
190 N Main St, Bountiful
Utah, 84010

801-683-9734

Bradenton, FL
1201 6th Avenue West,, Bradenton
Florida, 34205

941-213-4532

Chandler, AZ
1490 South Price Road, Chandler
Arizona, 85286

480-247-6504

Charlotte, NC
5835 Executive Center Drive , Charlotte
NC, 28212

980-425-8987

Cottonwood Heights, UT
6900 S 900 E, Midvale
Utah, 84047

385-529-0814

Cypress, TX
14150 Huffmeister Rd, Cypress
Texas, 77429

713-347-0003

Desert Ridge, AZ
20860 N Tatum Blvd, Phoenix
Arizona, 85050

602-315-3679

Doral, FL
7791 NW 46th St, Doral
Florida, 33166

786-718-1575

Draper, UT
12481 S. Fort St., Draper
Utah, 84020

801-890-4777

Gilbert, AZ
4365 East Pecos Road, Gilbert
Arizona, 85295

480-691-2075

Glendale, AZ
18275 N 59th Ave, Glendale
Arizona, 85308

623-267-4223

Globe, AZ
656 North Broad Street, Globe
Arizona, 85501

928-425-0141

Henderson / Boulder City, NV
170 S. Green Valley Parkway, Henderson
Nevada, 89012

702-757-2080

Herriman, UT
13212 S Woods Park Dr, Herriman
Utah, 84096

385-312-9192

Katy, TX
24044 Cinco Village Center Blvd., Katy
Texas, 77494

877-335-0661

La Brea, CA
6 Centerpointe Drive , La Palma
California, 90623

626-968-8680

Lake Worth, FL
2328 10th Ave N, Lake Worth
Florida, 33461

561-855-0006

Las Vegas, NV (Central)
8170 W Sahara Ave, Las Vegas
Nevada, 89117

702-983-0115

Las Vegas, NV (South)
8275 South Eastern Avenue, Las Vegas
Nevada, 89123

702-389-1733

Las Vegas, NV (West)
8430 W Lake Mead Blvd, Las Vegas
Nevada, 89128

702-343-9257

Lehi, UT
3450 N. Triumph Blvd., Lehi
Utah, 84043

801-753-5767

Moapa Valley, NV
120 N Moapa Valley Blvd, Overton
Nevada, 89040

702-583-4936

Ocoee, FLComing Soon!
Orem, UT
1441 South 550 East, Orem
Utah, 84097

801-893-8535

Plano, TX (West)
7250 Dallas Pkwy, Plano
Texas, 75024

972-737-6744

Port St. Lucie, FL
1586 Southwest Bayshore Boulevard, Port St. Lucie
Florida, 34983

772-878-6619

Provo, UT
180 N University Ave, Provo
Utah, 84601

801-669-9189

Rancho Bernardo, CA
17563 Caminito Heno, San Diego
California, 92127

(858) 299-1134

Rancho Cucamonga, CA
8577 Haven Ave, Rancho Cucamonga
California, 91730

909-484-3404

Richmond, VA (East)
7300 Hanover Green Drive, Mechanicsville
Virginia, 23111

804-424-0594

Riverside, CA
14604 Ashton Ct, Moreno Valley
California, 92555

951-655-0341

Salt Lake City, UT
136 East South Temple, Salt Lake City
Utah, 84111

801-683-4969

San Jose, CA
2103 Lincoln Ave, San Jose
California, 95125

408-677-2755

San Marcos, TX
325 E Hopkins St, San Marcos
Texas, 78666

512-214-2229

Sandy, UT
9295 S 1300 E, Sandy
Utah, 84093

385-501-1904

Saratoga Springs, UT
1305 N Commerce Drive, Saratoga Springs
Utah, 84045

801-683-4967

South Jordan, Riverton UT
10808 S. River Front Parkway , South Jordan
Utah, 84095

801-984-2038

Springville, UT
940 S 2000 W, Springville
Utah, 84663

801-358-0463

St. George, UT
50 E 100 S, St. George
Utah, 84770

435-565-6700

Stuart, FL
400 SE Flamingo Ave, Stuart
Florida, 34996

772-283-8500

Sugar Land / Richmond, TX (North)
15500 Voss Road, Sugar Land
Texas, 77498

346-291-3378

Sugar Land / Richmond, TX (South)
77 Sugar Creek Center Blvd, Sugar Land
Texas, 77478

832-856-1769‬

Treasure Valley, ID
167 NE Beaman Street, Mountain Home
Idaho, 83647

208-254-7788

West Jordan, UT
8823 S Redwood Road, West Jordan
Utah, 84088

801-899-3350

West Valley, UT
3624 West Bawden Ave, West Valley City
Utah, 84120

385-900-8046

Weston, Pembroke Pines FL
1820 N Corporate Lakes Blvd, Weston
Florida, 33326

954-937-1637

Woodland Hills, CA
6931 Topanga Canyon Blvd #1, Canoga Park
California, 91303

818-620-9061

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