ACCOUNTING SERVICES · CENTURY CITY
Accounting services for Century City law firms, talent agencies, and finance practices.
A packaged monthly service for professional-services firms — books, month-end close, client-trust and IOLTA reconciliation, partner K-1 workflow, and firm payroll integration. All on one recurring engagement.
GET A SCOPING CALL →Service menu
- Monthly bookkeeping (QBO) — categorized transactions, bank and card reconciliations, and clean subsidiary ledgers.
- Client-trust and IOLTA reconciliation — three-way reconciliations, monthly, with audit-ready documentation.
- Month-end close — accruals (WIP, unbilled time, guaranteed payments), deferred comp schedules, and closed books by day 15.
- Financial statements — P&L, balance sheet, cash flow, and partner-capital roll-forward.
- Partner K-1 workflow — capital account tracking through the year so K-1s are not a March fire drill.
- Guaranteed-payment and deferred-comp accruals — booked monthly to keep partner distributions and firm P&L honest.
- Sales & use tax — where applicable (some finance and consulting services trigger it).
- 1099 compliance — vendor W-9 collection, year-end filings.
- Payroll integration — ADP, Paychex, or Rippling — journal integration, benefits accrual, and quarterly reconciliation.
- Business license renewals — Century City / City of LA and California SoS.
Who this fits
Small to mid-sized law firms, boutique talent agencies, finance practices (RIA, wealth management), and management-consulting shops based in the Century City core — Fox Plaza, Century Plaza Towers, and the Avenue of the Stars corridor. Typical fit: 3 to 40 partners, headcount 10 to 150, one to three legal entities, and quarterly partner distributions that need to be defensible.
Pricing signal
Recurring packages start in the mid four-figures per month. Partner count and IOLTA volume drive the top of the range. Individual partner returns are available as a bundled add-on. Specific scoping after discovery.
Onboarding — four steps, roughly 45 days
1. Discovery. A 30-minute scoping call with the firm's managing partner or COO.
2. Data migration. QBO or firm-specific practice management (Clio, PracticePanther) integration, chart of accounts rebuilt around firm-P&L norms, partner capital rebuild.
3. 30-day parallel run. One full month of dual-books so trust and IOLTA balances tie perfectly at the switch.
4. Ongoing cadence. Day-15 close. Quarterly partner-distribution review. Year-end K-1 workflow already primed.
Frequently asked
Q: Do you do three-way IOLTA reconciliations?
A: Yes — bank balance, book balance, and the client-ledger detail, all reconciled monthly with audit-ready documentation for California State Bar requirements.
Q: Can you prepare partner K-1s in-house?
A: Yes. Because the firm return runs through the same team as the books, K-1s are prepared with capital-account continuity, not from scratch each spring.
Q: What about deferred comp for non-equity partners?
A: Accrued monthly, tied to plan documents, and reconciled at year-end. Cash-basis firms get a book-basis view.
Q: Do you integrate with practice-management platforms?
A: Yes — Clio, PracticePanther, Actionstep, and most similar tools export cleanly. We build the import routine into month-end.
One monthly engagement for the firm and the partners inside it.
Serving Century City professional-services firms since 2013. Thirty-minute scoping call — no obligation.
GET A SCOPING CALL →CALL (866) 222-6060
Frequently Asked
Century City — questions we hear.
What accounting services do Century City professionals need most?
In Century City, the most-requested accounting services are HNW tax planning and preparation, partnership K-1 work, deferred compensation strategy, entity structuring, and California PTE elections. Business management for HNW families is common. Investment professionals add fund K-1 review and basis tracking. Given the client base, most Century City engagements combine compliance with meaningful year-round advisory.
How much do accounting services cost in Century City?
Accounting service fees in Century City reflect complexity. HNW tax return preparation typically runs $1,500-$8,000 depending on K-1s, multi-state, and investment activity. Monthly business management engagements often range from $5,000-$20,000. Partnership tax return preparation for law firms and funds usually prices at $5,000-$25,000 depending on partner count and complexity. Advisory work is typically retainer-based.
Can Century City accounting services be delivered remotely?
Yes. Nearly all Century City accounting services run through cloud platforms and secure portals, so remote delivery is standard. In-person meetings remain valuable for HNW planning sessions, coordination with wealth managers and attorneys, and IRS/FTB matters. Local Century City firms tend to be more responsive because they share business hours and understand California-specific issues like PTE elections and residency planning.
Do Century City accounting services include partnership K-1 work?
Yes. Partnership K-1 work is a common request in Century City given the concentration of law firms and investment funds. Services include reading complex K-1s, applying carry vs cash distribution treatment, tracking basis, handling PFIC and CFC reporting where relevant, and coordinating with fund administrators. For law firm partners, guaranteed payment planning and PTE election optimization are standard parts of the annual work.
What's included in monthly accounting services for a Century City law firm or investment shop?
Monthly accounting services for a Century City professional services firm typically include bookkeeping, monthly close, payroll oversight, partner distribution tracking, and financial reports. Higher tiers add CFO-level advisory, cash flow forecasting, and coordination with fund administrators. Partnership tax return preparation and K-1 distribution are usually billed separately from the monthly retainer given the year-end concentration of that work.