Virtual Accountability
Westwood, Los Angeles, California, Los Angeles
Westwood, Los Angeles, California, Los Angeles
Providing Financial Services for small business and individuals who require an Accountant or Bookkeeper on a part-time bases. All business is conducted remotely via Skype, Phone and Email for one on one communication, as well as cloud storage facilities for accommodation storing and transferring data.
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What kind of accounting services do you provide?
1) Production Accounting: Quick Set-Up of accounting requirements and Software for new Productions. Prepare Funding Schedules, Cash Flows & final Budgets. Generate Cost Report packages and Ad-Hoc reports. Process Accounts Payable, Payroll, Journal Entries, Vendor Contracts and PO’s. Track Accounts Receivable. Reconciliation of Petty Cash, PCards, Credit Cards & Bank Accounts. Estimate Project Funding requirements and prepare distribution Invoices. Monitor Budget Overages & Variances.
2) Bookkeeping for Small Business & Individuals: Process Accounts Payable, Payroll, Journal Entries, Vendor Contracts and PO’s. Prepare invoices and follow-up with Accounts Receivable. Reconciliation of Petty Cash, PCards, Credit Cards & Bank Accounts. Process 1099’s Tax forms and submission. Consolidation of subsidiary data. Generate Balance Sheets, Trial Balance and P&L reports.
3) Analyzing: Analyzation and Correction of Specific Data, as well as overall Accounting Database. Audit Preparation for local clients.
Why is it so important for businesses to hire a great accountant?
I have meant many people over the years that have started their own business thinking that they can manage the accounting side of things themselves. By the end of their fiscal year, they find themselves in a dilemma. Firstly, it's important to have the right accounting software. You can not generate the proper reports or data needed for a tax accountant to file a return on the company, without it. When an accountant sets up the company books they are making sure that all accounts needed to make your business run efficiently are put in place. These accounts include: assets, liability, equity and expense accounts. The level goes deeper to make sure that certain accounts are tagged properly for tax write offs in able to get the most from your return. For example: transactions on interest paid for loans or credit lines are properly allocated, as well as inventory and depreciation accounts are properly allocated. Making sure that all the proper documentation is be collected and stored. For example: W9 forms and invoices from vendors, client invoices and contracts and staff payroll documents. The accountant will make sure that the company "books" are set up in a way that is best for your business. For example: A retail business would be set up on a different method of accounting called "Cash Basis", where a Production Company would be set-up on a "Accrual Basis". The Chart of Accounts would be different and there would be different levels of breakdown. The bottom line is, that the Accountant makes sure that the company is following the GAAP guidelines and that all the required documentation is being collected and processed, as well as making sure the company is running in the most efficient and accurate way.
What do you love most about your job?
Meeting new businesses with new challenges and being able to provide them with a clear and comprehensive overview of their company through my services. I want to relieve the owners of these tasks, so they can concentrate on the success of their business while knowing with confidence, that the accounting side is being taken care.
What inspired you to start your own business?
25 years of accounting and no more 14 hour days doing accounting on a TV or Movie production.
Why should our clients choose you?
Because I go beyond the call of duty, am reliable, efficient and have the experience to back it.
