Do you need help in financial areas such as cash flow, interpreting financial statements, or setting up key performance metrics?
Is your business too small for a full time CFO, yet in increasing need of more financial expertise and guidance?
Could you use professional accounting and financial advice in your small business?
Whether you’re a business owner or an individual looking to keep your finances in check, the team at Magidov CPA Firm is ready to tackle all of your accounting needs. From basic bookkeeping to complex balance sheets, we’re here to handle your finances with integrity and accuracy.
One of the most challenging tasks of small business owners is managing their cash balances. We can help you get the right tools in place so you can stay on top of your cash. Whether it’s setting up the right reporting, creating forecasts, or preparing a loan package for your local bank, we can help you keep your cash flowing.
Small business accounting functions often lack the internal controls and procedures to help prevent fraud, theft, and other risks to your hard-earned assets. That means your business assets, from cash to inventory to receivables, could be at greater risk of being mis-handled.
We can review the duties of each bookkeeper and make suggestions to procedure changes that will lower your risk and help you better protect your business assets.
Do you wonder which product or service line is the most profitable for you? We can perform an analysis of profitability by location, product, employee, or whatever grouping is meaningful for you. This information will help you make better decisions about your revenue mix and make your business more profitable in the long term.
Are there any areas in your accounting functions that are undocumented? We can help you write a procedures manual for those areas.
We can also take a look at areas within your accounting system that are costing you more than they should be. These could include areas of duplicate data entry, time spent on manual reports, and bottlenecks in general. We’ll suggest improvements that can save your time and money and keep your bookkeeping bill as low as possible.
Do you know exactly what you want your business to look like in three to five years, but are not sure how to get there? We can help you make sense of the financial piece of planning so you can achieve your dreams.
In the short term, we can also help you create a budget for your business so you can control expenses and see where you stand relative to your goals.
Planning a large investment? We can help you compare and evaluate your options from a financial standpoint so you can make an informed decision.
If you don’t have the time or expertise to train your bookkeeping or accounting staff, we can provide the training they need to become proficient in their accounting duties.
It can be difficult to find good advice when you are in business for yourself. Friends and spouses who are not self-employed don’t often understand the decisions we make. As a fellow small business owner, we can act as a sounding board for your business ideas.
We serve owners of small businesses in the greater Los Angeles, CA area, including Burbank, La Cienega, Beverly Hills, West Los Angeles, West Hollywood, Culver City, Century City, and Santa Monica, CA. Contact us to find out more about our accounting services.