What is a bookkeeper?

A bookkeeper is a person who documents financial data in an organized, systematic way.

Many business owners and high-worth individuals hire bookkeepers to help them with things like accounts payable, accounts receivable, bank account reconciliation, and analyzing and interpreting financial data.

Bookkeeping is an essential process for financial success. Without it, business owners and individuals would not know how much income they generated, how much they spent, or how much profit they had when all was said and done.

Experienced professional bookkeepers, like the ones at Sherman Oaks Accounting & Bookkeeping powered by One Source Services Inc., can be invaluable assets to businesses or high net worth individuals.

Not only does an effective bookkeeper record accounting transactions, but they also ensure that government rules and regulations are followed, protecting the business or individual from fees and penalties in the event of a tax audit.

A truly good bookkeeper can analyze the combined effect of transactions during a specified accounting period and ascertain the financial health of a business.

Plus, they can help maximize tax deductions and reduce tax liability.

Sherman Oaks Accounting & Bookkeeping powered by One Source Services, Inc. bookkeepers offer even more with payroll, budgeting, training, tax preparation and many other business services.

Closely tracking day-to-day accounts offers businesses and individuals a big-picture perspective. It allows them to run financial reports that paint a portrait of their weekly, monthly and yearly performance. The numbers can be compared week over week, month over month and year over year for proactive responses and constant improvement.

Bookkeeping is sometimes referred to as an “art.” At Sherman Oaks Accounting & Bookkeeping powered by One Source Services Inc., our canvas is a cloud-based accounting system called QuickBooks Online and we paint on it with many brushes (or apps) that simplify finances and allow businesses and individuals to access their books in the cloud ecosystem from anywhere at any time with minimal impact on the environment and a huge reduction in office clutter.