quantum
accounting tax group
Riverside Bookkeeping, Accounting and Tax Preparation Services
Quantum Accounting Tax Group is dedicated to providing the highest quality accounting, bookkeeping and tax services in support of your organization. Our quality and cost effective accounting and tax services helps our clients focus on core competencies in order to achieve operational excellence.
Catering to individuals and businesses, our years of experience and knowledge is your solution to peace of mind when it comes to bookkeeping, accounting, tax preparation, bank and credit card consolidation, payroll tax, auditing, profit & loss statements, account payable and receivables. Every client is unique, and we take the time to listen and understand in order to better customize our tax and accounting services to your specific needs.
At Quantum Accounting Tax Group, we fully understand what it takes to run a business and the many challenges. Keeping a handle on your finances should not have to be one of those challenges. Let us do the work while you or your business can concentrate on more important aspects in life.
We believe in the value of relationships. Always committed to giving you a high level of personal and professional service to every client, individual and/or business. At Quantum Accounting Tax Group, we truly believe that our success is a result of your success. Providing tax and accounting services to the City of Riverside, California and surrounding areas, including but not limited to, Orange County, Riverside County, Los Angeles County, and the following cities: Yorba Linda, Anaheim Hills, Lake Forest, Irvine, Mission Viejo, Fullerton, Costa Mesa, Newport Beach, Anaheim, Tustin, Santa Ana, Laguna Hills, Long Beach, Corona, Temecula, Lake Elsinore, Laguna Niguel, Murrieta, Huntington Beach.
Offering a FREE initial consultation, our offices are open Monday - Saturday (9:00am - 6:00pm), with evening and weekend appointments available. Your business is our business, and we are committed to providing you with superior personal service! Too busy to step out of the office? No problem! Our accountant will come to you.
Did you know? Helpful tax information you can't ignore...
How Can A Company Profit, But Show No Cash?
Well, company can have a profit but not have cash because profit is computed using revenues and expenses, which are different from the company''s cash receipts and cash disbursements. In other words, there is a difference between revenues and receipts. There is also a difference between expenses and expenditures.
Let's assume that a company "A" uses the accrual method of accounting. It provides $25,000 of services to its clients in its first month and the clients can pay in 30 days. The company will have $25,000 of revenues in its first month, but the cash will not be received until the second month. If the company's expenses are $14,000 in the first month, the company will report a profit of $11,000 but will not have received any cash from its clients.
Another example, company "B" may have a profit of $60,000 in its first year, but during its first year it uses $65,000 cash to acquire equipment that will be put into service at the beginning of the second year. Company "B" will have a profit, but will not have the cash.
Bookkeeping & Accounting Made Easy! Give us a call: (949) 391-7710
01. Experience
Extensive & broad experience gives us the advantage in indentifying key factors to help improve the performance and growth of your business financially.
02. Knowledge
Highly knowledgeable in accounting, bookkeeping, tax preparations, financial statements, bank & credit card reconciliation, balance sheets, income statements.
03. Affordable
Affordable plans to fit your budget from a reasonable hourly to monthly retainer (flat) fee. Give us a call for a FREE accounting, tax and/or bookkeeping consultation.