Accounting for designers is a special niche that should only be serviced by accounting professionals with a strong foundation of design industry knowledge.
Design businesses face many unique and complex challenges that are often underestimated.
We’ve met many new designers who realized this only after taking on their first big project.
Sherman Oaks Accounting & Bookkeeping powered by One Source Services, Inc. has experience working with successful designers who trust us with their bookkeeping, financial reporting & analysis, budgeting, time tracking, expense management, accounts receivable, accounts payable, invoicing, and more.
iStage Elegant Interiors said, “Bookkeeping and accounting were major concerns which I knew I couldn’t handle on my own. Finding a company that was reliable and trustworthy was very important to my business and me.” You can read more about this real estate solutions and interior redesign company by clicking here to visit their Client Spotlight on our blog.
The design accountants at Sherman Oaks Accounting & Bookkeeping powered by One Source Services, Inc. must think creatively and customize accounting tools to meet the design industry’s particular needs.
It helps when accountants and designers work together in harmony like the left and right sides of the brain.
For example, a design accountant may setup the chart of accounts to separate taxable product, cost of goods sold, and produce accurate financial reporting for designers to optimize tax deductions and make educated business decisions.
Imagine being able to easily calculate gross profit and analyze markup!
Our design accountants will look at a designer’s project contracts so they will know exactly what the designer has promised their client and what should be billed.
We encourage designers to use purchase orders when ordering from suppliers, making it easier to account for expenses, identify mistakes, and simplify suppliers’ order fulfillment processes.
Furthermore, we ask designers to keep all of their receipts related to a project together, from parking to materials, so they will all be added to their client’s invoice. This complies with our mantra of being, “Audit ready, all the time!” even if it’s a designer’s client who wants to perform the audit.
Sherman Oaks Accounting & Bookkeeping powered by One Source Services, Inc. presents design accounting in terms that designers understand.
We bridge the gap so designers can translate the data they see into meaningful information and make more informed business decisions.
When a designer requires more, such as Gap Analysis, Inventory Management, or Commissions, we offer Chief Financial Officer services, as well.
Sherman Oaks Accounting & Bookkeeping powered by One Source Services, Inc. is a one-stop-shop for all design accounting needs. From bookkeeping, QuickBooks training and support, tax planning, and payroll management, to business formation and consulting services, we’ve got your design business covered.
We want our clients to have peace of mind; to take a deep breath, exhale the stress of accounting, and inhale the freedom to pursue their vision (and their craft).