April 2017 - Page 2 of 2 - AccountingX

8391 Beverly Blvd #456, Los Angeles, CA 90048

Lights. Camera. Accounting! The Los Angeles Accountant that the Entertainment Industry Raves About

Los Angeles Accountant: Entertainment Accounting at its Finest!

Providing an array of financial services to Hollywood studios, production companies and an entire universe of artists and technicians is just one of the specialties provided by this leading Los Angeles accountant.

Lights! Camera! Accounting!


What does a Los Angeles accountant do for the entertainment industry?

Some entertainment accountants and boutique firms offer themselves as business managers,  handling every aspect of the clients’ financial lives, from paying bills, child support and alimony, to advising on the financial aspect of contracts and overseeing auctions of an art collection or various non-profit auctions for the philanthropist’s out there like Angelina Jolie and other various artists that do community outreaches.

Discretion is the heart of any entertainment accounting practice. Paying clients’ bills, you know everything that’s going on. Because integrity and confidentiality are key to client relationships, most new business is brought in through word of mouth from trusted friends in the same industry. With services ranging from bookkeeping, accounting, financial planning, contract analysis, taxes and more.

But handling clients who are stars is not the only type of client a Los Angeles accountant handles.

For everyday workers in the entertainment industry, accounting is more about paying taxes and the mortgage than it is about royalties and buying luxury cars. Doing bookkeeping and taxes for producers, actors, and others, as a Los Angeles accountant the challenge in preparing tax returns for these types of clients is being aggressive regarding deductions while still following the tax laws.

Most clients do not always have agents, they’re working hard and networking like crazy, so that means they’re deducting meetings, meals, travel, research, and training. With these types of expenditures, it’s often challenging to draw a line between the professional and personal. Some Los Angeles accountants prefer providing these types of services versus being a business manager to the Hollywood stars.


Corporate Bean Counters in Entertainment

Many Los Angeles accountants work for production and studio companies versus individuals. Some are on staff; others work for firms that cater to the entertainment industry.

Accountants working for film production companies and recording studios perform a variety of functions, including royalty distribution, budgeting for tours and calculating production costs and the day-to-day financials. At AccountingX we provide all of the services mentioned above with the discreetness and integrity required to work in this industry. For more information on how you can become a client click here for your free consultation.


Business Bookkeeping Services: Why Industry Specialization Matters!

Business Bookkeeping Services: Why Industry Specialization Matters

When looking for a partner to manage the financial aspects of your business, it is ideal to engage with a business bookkeeping service that specializes in your niche. The reason for this is two-fold: the firm is familiar with the general ledger, industry standards, and best practices of businesses in your industry. A specialized bookkeeper knows exactly what expenses need to be categorized, and where, in customized general ledgers. Second, not only are they able to speak your language and understand the individual pain points, but they know how to get the most out of possible deductions. They will also know how best to manage the business financials to make end of year and tax filing with your CPA as seamless as possible.

AccountingX helps your business grow. We take the time to build a  relationship with you and your team, understanding your business needs for the overall health and growth of the business.

Our focus is providing top of the line business bookkeeping services for the following industries:

Bookkeeping for Non-Profits

Bookkeeping for Medical Offices

Bookkeeping for Professional Service Firms

Bookkeeping for the Entertainment Industry


We combine accounting, bookkeeping, controllership, and financial advisory services to deliver a comprehensive management partner for your individual needs.


What exactly does business bookkeeping services include?

Data entry

Bank and credit card reconciliations

General Ledger

Accounts Payable

Accounts Receivable

Invoicing and billing

Payroll reporting

Accounting software set-up and training

Customized chart of accounts and reports

Key metrics/key performance indicator tracking

Yearly or Quarterly budgets

When you outsource the back office functions, it frees up valuable time that can be spent growing your business. High availability of financial data, that is updated in real time, provides the data that you need to make important decisions.

Having access to this information ensures that you will never operate or make decisions blindly. You will always have the knowledge you need, and advice you can trust, to avoid crises and make plans for the future.

For more information on how to partner with an industry specialist for your business bookkeeping needs, contact us today for a free consultation.



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