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Monday, February 22, 2010

Accounting and bookkeeping service in Los Angeles

An accounting and bookkeeping service for companies in Los Angeles is available through NerdEnterprises located in Burbank.

One of the reasons I chose to interview NerdEnterprises, operated by Seth David, is because of the tremendous value-added information offered publicly and free-of-charge. This is not a sponsored post but I feel the company offers fair and valuable services.

What type of companies (what industry and what size) do you serve?
We serve a very wide range. At the beginning there was a high concentration of Real Estate clients – a property management company, a landlord with several rental properties, and a company that did rehabs.

I also fell into several marketing companies just by chance. More recently for no reason I can think of I seem to have attracted several clients in the jewelry business.

Along the way we have worked with companies ranging from entertainment, film production, video editing, mortgage brokerage, retail, mobile pet grooming, plumbing and general contractors, construction companies, and online as well as affiliate marketing businesses. We worked with an architect firm for a brief period of time.

What I have found is that when you really understand “accounting” it really doesn’t matter from one business type to the next. The dynamics may change but the generic functions are the same.

Money comes in, and money goes out and it’s a matter of understanding where the money is coming from, where it is going and really planning and projecting both of those so you can grow your business. Outside of that, the descriptions, account names, customers, and vendor names change, but that’s about it. When you’ve become an expert on a company that sells inventory you should be able to manage any company that sells inventory no matter what that inventory is.

In terms of size the typical client ranges from $1,000,000 to $10,000,000. We have built some complex financial models for companies at the high end of the range. Beyond that, at these levels they really need to have a full time CFO (which is the gap I fill) and they have to have a full time bookkeeper (whom we have often hired and trained for them).

At the lower end of the range we offer the option for companies to outsource their accounting and bookkeeping function to save on overhead.


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