Bookkeeping Services in Woodland Hills, 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 Woodland Hills 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 Woodland Hills 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 Woodland Hills if you'd like to receive a Free Consultation on our Small Business AccountingBookkeeping Service.

bookeeping tax services Woodland Hills

Easy Online Booking

Get started with Paramount for your tax services in Woodland Hills, CA, recommended by family and friends every time.

OR

Request Appointment

Contact Paramount Tax & Accounting Woodland Hills

Easy Online Booking

Get started with Paramount for your tax services in Woodland Hills, CA, recommended by family and friends every time.

OR

Request Appointment

Contact Paramount Tax & Accounting Woodland Hills
Request Appointment

Bookkeeping cpa Woodland Hills

Great experience! Albert is very knowledgeable and helpful. Awesome customer service, answered my many questions and explains things in detail. Highly recommend!
— Mae Macatula, Posted July 26th 2023 on google
Albert takes the time per client. Highly recommended!
— Mark Macatula, Posted July 26th 2023 on google
Top notched Tax and Bookkeeping service. I will surely refer you to my associates and partners. Thanks Albert!
— Jocip Sarmiento, Posted July 18th 2023 on google
First time doing my taxes with them and I was very happy with the outcome! Albert was very knowledgeable and very detailed to help you maximize the return you can get. He asked me questions that my old preparer didn’t even ask. Im very impressed! Definitely will be using them in years to come
— Kris B, Posted July 12th 2023 on google
Albert is an amazing and trusting tax preparer who is completely transparent and precise when sharing information about your taxes.
— Katrina G, Posted July 3rd 2023 on google
We have been using Albert to help with our taxes the last 3 years and his has been very helpful in helping us gather the information we need and helping us get back a large refund. Highly recommend this company for your accounting needs! :)
— Greg Loucks, Posted July 1st 2023 on google
Very accommodating and organized staff.. They will help you with everything regarding tax prep.
— Pamela Muhi, Posted June 26th 2023 on google
Trust and tested! I really loved this company also the staff named Albert Elomina👍👍👍
— Albert Elomina, Posted June 26th 2023 on google
Thank you for your help. The staff are very professional, knowledgeable and the service is fast. Very patient with people who have little knowledge about computers. More power to your company and thank you so much for all your effort to help. God bless you all.
— Maria Pagkatipunan, Posted June 26th 2023 on google
Paramount Tax and Accounting is an outstanding firm. Their expertise, professionalism, and attention to detail are unmatched. I highly recommend their services for all your tax and accounting needs
— Delbert Duclayna, Posted June 19th 2023 on google
Highly recommended! Mr. Albert is very knowledgeable! I really appreciate it.
— Dan Canta, Posted June 19th 2023 on google
I was particularly impressed by the efficiency and accuracy with which my tax filings were prepared. Your team’s attention to detail and commitment to delivering accurate and timely results exceeded my expectations. They navigated through the intricacies of my financial situation, identifying potential deductions and...
— Richard Diang, Posted June 19th 2023 on google
Vey informative and professional. Easy to talk to. I would always recommend.
— Philip Narvacan, Posted June 19th 2023 on google
Great experience😊
— John B, Posted June 19th 2023 on google
I just found out that it’s by appointment only. Great customer service and answered all my questions/concerns about my tax return.
— Amelia D, Posted June 19th 2023 on google
Recommended by a friend and sure glad we trusted Albert to prepare and file our tax this year, instead of going back to our long time accountant/tax preparer. He is very up to date and would explain to you any revised and updated tax regulations that may confuse you. And you know you're getting a good service when he i...
— Francis Galang, Posted June 19th 2023 on google
Thank you for being an honest, knowledgeable and reliable accountant. Definitely recommend!! 👍🏽👍🏽
— Anselle Elomina, Posted June 19th 2023 on google
I am really really happy with the result and professionalism of Paramount Tax and Accounting Team. I highly recommend this place for filling your taxes and for your accounting needs. P.S Thank you again 👍
— KingVarian III, Posted April 16th 2023 on google
It’s was a pleasure working with Albert with my taxes and made sure I did not miss anything. My last tax person just asked for my tax forms and personal information without asking more than that. With Albert really asking me lots of questions, I was able to file all my tax documents including the ones that I had forg...
— Axle N, Posted April 16th 2023 on google
Albert is extremely knowledgeable about tax laws and regulations, and he takes the time to explain everything in great detail. He always provides me with a clear and concise breakdown of my options, and goes above and beyond to help me find ways to save money on taxes or plan for them in the most effective way possible...
— Rhisse DC, Posted April 16th 2023 on google
Woodland Hills, CA Tax Review

Free 3-Year Tax Review

We review 3 years back to find errors / missed deductions.

About Us Contact Us

Paramount Experience


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 Woodland Hills, is that our firm utilizes the services of licensed professionals.

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 firm in Woodland Hills. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting Woodland Hills!

Free Consultation 818-620-9061

Upgrade to Tax & AccountingBookkeeping Firm


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, 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 Woodland Hills a call or visit our tax and accountingbookkeeping firm in Woodland Hills for a free consultation.

Individual Tax Preparation Business Tax Preparation

Why Choose Paramount Tax & Accounting Woodland Hills?


Image Description

Through dedication to the three underlying principles of professionalism, responsiveness and quality, Paramount is committed to providing outstanding service to our clients.

tax &accounting franchise


Paramount Tax is now offering financial and tax franchises across the US!


Let us make our success into your success!

Franchise Information Call: 801-784-6677