Gone are the days when accountants were solely number crunchers hidden away in back offices. In today’s dynamic business landscape, the role of accountants has evolved significantly. Beyond technical proficiency, soft skills have become indispensable for success in the field of accounting. As your local Orange County bookkeeping service, Team One Accounting understands how important these skills are in delivering…
As a business owner, authenticity is your greatest asset. In today’s competitive landscape, customers crave genuine connections, and embracing your true self can set your business apart. The challenge here lies in finding the balance between true authenticity and professionalism. At Team One Accounting, your local Orange County bookkeeping service, we know how important…
Tax season can be a daunting time for small business owners, but with the right preparation and guidance, you can feel comfortable and confident as you tackle your taxes. As your trusted local Orange County bookkeeping service, Team One Accounting is here to support entrepreneurs like you every step of the way. Here are some…
As Valentine’s Day sentiment is here and love is in the air, and as a small business owner, there’s no better time to demonstrate appreciation for those who contribute to your success – your employees and customers. At Team One Accounting, your local Orange County bookkeeping service, we understand the importance of fostering meaningful relationships…
The equity section of the balance sheet looks different depending on the legal structure of your business. The most common entity types are corporations, partnerships, and sole proprietors. In this article, we’ll take a look at what the equity section of the balance sheet looks like for sole proprietors. The Equity Section As a reminder,…
Understanding Equity on the Partnership Balance Sheet The equity section of a business’s balance sheet is the most difficult part to understand. We help our clients understand that the accounts that make up this section vary depending on the type of entity in which their business is structured.We’re going to dive into what the equity…
Your favorite number on the balance sheet might just be Cash. It’s easy to understand and something every business has. But there is a more meaningful number, at least in the long-term sense, and that’s equity. Below, Your Favorite Orange County Bookkeeper takes a deep dive into the equity section of the balance sheet. The…
Remote working has exploded in the last few years, especially in professional services. Now that companies are seeing the benefits of remote working, they are also seeing the benefits of an expanded pool of potential employees. Some firms are hiring employees that live several states away from where the office is located, which comes with…