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Accounting Services

Trustworthy Garden Grove Accounting

Our skilled team founded XOA Tax to provide the business owners of Garden GroveWestminsterFountain Valley, and the surrounding areas with effective, high-quality accounting services. Whether you’re looking for financial statements that give you an overview of your company’s performance or need help implementing an accounting system, we’re here to assist you. We strive to reduce overhead costs, protect your wealth, and enhance your company’s operations.

close up of finance documents with business team in the background

When you take advantage of our expansive range of Garden Grove accounting services, you can trust that our team puts in the research, time, and energy to understand your situation and tailor our approach accordingly. Every company’s needs are different, and we want you to benefit from our partnership. We offer accounting services in Vietnamese, Chinese (Mandarin), Korean, Spanish, and English. We can’t wait to hear from you, so contact XOA Tax in Garden Grove today to set up your consultation with us!

Keeping Your Accounts Accessible & Organized

Accessing your financial data quickly and conveniently is essential to the smooth operation of your company. Having neat and organized financial figures help you prepare for the tax season, catch errors and unprocessed payments, and keeps you apprised of your monetary status. Our team is happy to handle your data entries and check your books for errors. If you’d prefer to have your team take care of data entries internally, we can teach your employees the steps necessary to logically enter financial figures.

Our Garden Grove accounting experts can provide you with several financial statements that give insights into your financial status. We offer:

  • Balance Sheets: A balance sheet provides a comprehensive overview of your business’ liabilities, assets, and shareholder equity at a specific moment in time. Your balance sheet is an essential indicator of your company’s health and sustainability. Balance sheets can provide you with a sense of your company’s net worth and are crucial to acquiring equity or debt financing.
  • Income Statements: An income statement is a quarterly or annual report covering your expenses, revenue, earnings, and net income through the specified period. The income statement reveals the extent to which your business has profited or lost money throughout the selected quarter or year.
  • Cash Flow Statements: A cash flow statement shows how effectively your business generates cash to cover debts, fund investments, and finance operational expenses. With a cash flow statement, your executives and potential shareholders can see where money is coming from, how it’s spent, and how efficiently your operations are running.

What are Your Financial Figures Telling You?

businessman using a calculator

Your financial figures tell a unique story. We’re here to break down the raw data and analyze your company’s performance so you can streamline your operations and enhance your profits. We use our industry experience and business intelligence to enhance aspects of the company that haven’t yet reached their full potential and strengthen departments that are performing admirably.

Our Garden Grove accounting team dives into your financial figures to provide actionable and relevant insights into your business’ structure, operations, and methodology. Perhaps your accounts payable is climbing at an unsustainable rate, or your current ratio is too low to handle long-term debt obligations. We analyze the crucial components of your company’s financial status and walk you through the story hidden in your raw data. Finding solutions to potential problems is our passion, and we’re excited to share our insights with your team.

Implementing an Accounting System That Suits Your Needs

Technological advances have made modern accounting more manageable and accessible than ever before. Whether you need help streamlining your current accounting software or require setup assistance, our Garden Grove accountants are ready to meet you at your comfort level. We primarily use QuickBooks® and Zoho Books at our firm but are happy to work with any system you currently have in place.

QuickBooks is a versatile platform used across various industries to make the accounting process as stress-free and straightforward as possible. Our QuickBooks ProAdvisors can help you get the system up and running and provide training on its essential features. Your employees will be confidently managing inventory, tracking sales, and producing invoices in no time! If you already use QuickBooks, we can teach your team how to implement advanced features, such as enhanced custom fields or batch invoicing. We have experience working with both the online and desktop systems.

Zoho Books is an affordable cloud accounting system that allows you to keep on top of your finances with features such as expense tracking, sales approval, automated workflows, and custom invoices. Zoho Books is excellent for start-ups and small businesses, as it is simple to navigate and offers all the services you’ll need to keep your company on track. Our team helps you set up the accounting system and shows you how to tailor it to work to your advantage.

Enhancing Your Business with Quality Accounting

When you trust XOA Tax with your accounting, you can rely on our team to have your best interests at heart. We are constantly seeking new avenues of sustainable financial growth and strategies to minimize overhead costs. We look forward to exploring your passion for your industry and hope to hear from you soon. Contact XOA Tax in Garden Grove today!