BOOKKEEPING


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Exact Tax has been a full service bookkeeper and business consulting firm servicing San Gabriel and the surrounding area since 2007. We have built an excellent reputation and gained many loyal clients by going the extra mile to help individuals and businesses keep their books and accounts in order. We understand first-hand the unique needs of small businesses across many industries, such as:

  • retail

  • food

  • professional services

  • manufacturing

  • more

Our bookkeeping services include accounts receivable and payable, payroll posting, account reconciliation, and financial statement prep and review. Click here to download our Exact Tax Bookkeeping Cheat Sheet!


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why use bookkeeping services?

Bookkeeping is one of those important tasks in the business that not many really want to do. Not only does it need to be done, but done well so that you are always up to date on income and expenses which make tax preparation much easier at the end of the year.

If not, you may not realize how well or bad the business is actually doing and be late in making the appropriate changes. Also, if you’re not precise in recording your income and expenses, you may end up paying more taxes than you should. Or just as bad, not pay enough which can get you in hot water with the I.R.S.. You don’t want that to happen.

Whether you’re self employed or have 100 employees, virtual bookkeeping assistance from professionals that do it all day, 5 days a week can be a financial benefit to your business. For starters, unloading all or some of your bookkeeping duties can free up you or your staff’s time to concentrate on activities that produce more income.

Having the bookkeeping, accounting and tax professionals at Exact Tax, inc. oversee your bookkeeping ensures your books are kept up to date with income and expenses categorized appropriately to maximize any tax benefits. Whether you need full time service or just once a month assistance, we have flexible bookkeeping packages to meet your needs.


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The 4 R’s

At Exact Tax, inc. our bookkeeping philosophy and service revolves around the 4 R’s:

  1. Retrieving online documents, collecting invoices and receipts.

  2. Recording daily business transactions and identifying proper category of expenses.

  3. Reconciling financial statements to properly reflect the condition of the business.

  4. Report profit and loss, balance sheets statements monthly and/or quarterly.

Our aim is to provide your business peace of mind so you can spend more time focused on growing the business. At the same time we will provide you with accurate financial reports that will help you make good strategic business decisions and minimize the amount of taxes needed to be paid.


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Featuring Quickbooks

4.3 million businesses just like yours are using Quickbooks for their bookkeeping and accounting system. Perfect for small businesses and can scale to meet most of your business needs. We can help you set up, clean up and/or manage your bookkeeping through Quickbooks with various levels of service to meet your needs.

Some of the advantages of using Quickbooks for your business are:

  • Sync your bank accounts and credit cards

  • Automatically import and categorize transactions

  • Connect to popular APPs and easily snap photos of receipts

  • Invoicing and tracking systems

  • Track and manage sales tax

  • Track miles

  • Payroll options

  • Issue 1099’s

  • Build custom financial reports

  • Instantly generate financial reports such as profit and loss, balance sheets, accounts receivable/payables and more

  • Have multiple users

  • And much more....


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BENEFITS FOR YOUR BUSINESS

Maintaining a clean set of books will help you produce accurate reports such as profit and loss statements, balance sheets, accounts receivable/payable, etc. that result in the following business benefits:

  • Maximize tax deductions

  • Free up staff time for more productive and income generating activities

  • Make informed business, marketing, pricing, staffing decisions and more

  • Keep IRS off your back

Our aim is to provide your business peace of mind so you can spend more time focused on growing the business. At the same time we will provide you with accurate financial reports that will help you make good strategic business decisions and minimize the amount of taxes needed to be paid.


...made everything easy to understand and broke down any questions we had...I highly recommend business owners like myself to work with Mary (and staff) on bookkeeping, tax preparation and planning.”
— Megan V.