NAICS Code 541219-08 - Calculating Service

Marketing Level - NAICS 8-Digit

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Business Addresses: 3
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NAICS CODE 541219-08
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NAICS Code 541219-08 Description (8-Digit)

Calculating Service is a subdivision of Other Accounting Services that involves providing specialized mathematical and computational services to clients. This industry is focused on performing complex calculations and analyses for businesses and individuals, often using advanced software and tools to ensure accuracy and efficiency. Calculating Service providers may work in a variety of fields, including finance, insurance, real estate, and more.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 541219 page

Tools

Tools commonly used in the Calculating Service industry for day-to-day tasks and operations.

  • Spreadsheet software (e.g. Microsoft Excel, Google Sheets)
  • Financial modeling software (e.g. QuickBooks, Sage Intacct)
  • Statistical analysis software (e.g. SPSS, SAS)
  • Data visualization tools (e.g. Tableau, Power BI)
  • Tax preparation software (e.g. TurboTax, H&R Block)
  • Investment analysis tools (e.g. Morningstar, Bloomberg Terminal)
  • Loan amortization calculators
  • Retirement planning calculators
  • Risk management software
  • Budgeting software

Industry Examples of Calculating Service

Common products and services typical of NAICS Code 541219-08, illustrating the main business activities and contributions to the market.

  • Financial planning
  • Actuarial services
  • Investment analysis
  • Loan servicing
  • Risk management
  • Tax planning
  • Estate planning
  • Budgeting and forecasting
  • Data analysis
  • Insurance underwriting

History

A concise historical narrative of NAICS Code 541219-08 covering global milestones and recent developments within the United States.

  • The "Calculating Service" industry has a long history dating back to the ancient times when people used abacuses to perform calculations. The first mechanical calculator was invented in the 17th century by Blaise Pascal, which was followed by the development of the first adding machine in the 19th century. The industry saw significant growth during the 20th century with the introduction of electronic calculators and computers. In the United States, the industry experienced a boom in the 1980s and 1990s with the widespread adoption of personal computers and the internet. The industry has continued to evolve with the development of cloud computing, artificial intelligence, and machine learning, which have enabled more efficient and accurate calculations.