Patty Hansen
7 Essential To-Do’s for New Customers From Your Favorite Orange County Bookkeepers
Congratulations, you have landed a new customer! In this particular climate, sparking fresh interest in any business can be challenging. Yet, you did it. Now comes the next part: What to do after you have officially landed that customer. Below is an essential to-do list from Your Favorite Orange County…
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Custom Fields in Your Accounting Software by Your Favorite Orange County Bookkeepers
Custom fields in your accounting software are data fields that you can define yourself. They are typically associated with customers, vendors, employees, and items. Custom fields can help you store and classify additional information about these categorizes within your business. Custom fields add functionality to your accounting system. Below is…
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Protecting Clients’ Credit Card Numbers from Your Favorite Orange County Bookkeepers
Does your business ask customers for their credit card number at any time during the sales process? If so, it is essential to honor the privacy of customers’ private information and to stay compliant with Payment Card Industry rules. Every business that has an account with a merchant services vendor…
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Avoid Accounts Payable Errors: What to Watch For from Your Favorite OC Bookkeeper
When you pay a bill, are you 100% comfortable that the bill payment is correct and justified? Is there a chance that the bill is fake or fraudulent? What about duplicates? With so many fake bills being mailed to businesses these days, it is wise to think about putting rules…
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Your Favorite Orange County Bookkeeper’s ask: Does Your Business Have a Safety Net?
One of the most important parts of managing a business is making sure there is enough cash to keep the business running. As a business owner, you probably have an idea how much cash is in the bank at any time. The smaller your business, the more likely you are…
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Five Key Reports for Your Business from your Favorite Orange County Bookkeeper
Each month, your accounting system yields actionable information for you to run your business better. Here are some key reports that all business owners should review every month. 1. Balance Sheet Reviewing the balance sheet can tell you balances of your current assets and current liabilities. Current assets should always…
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Why Having a Budget Is Important From Your Favorite Orange County Bookkeeper
As an entrepreneur, you likely place a high value on freedom. When the word “budget” is mentioned, you may feel like it hampers your freedom. But it’s really the opposite; Here’s why: According to a 2019 article in Small Business Trends, “Startup Statistics – The Numbers You Need to Know,”…
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How to Beat Procrastination from Your Favorite Orange County Bookkeeper
There’s a difference between procrastinating and prioritizing. Great entrepreneurs know how to put the most important tasks first. Would you call yourself a procrastinator? If so, you’re not alone, and with our to-do-lists growing daily, the percentage of people who procrastinate chronically has increased over the last few decades. If…
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Understanding Cost of Goods Sold From Your Favorite Orange County Bookkeeper
The account on your income statement called Cost of Goods Sold can be confusing to non-accountants. In this article, your favorite Orange County Bookkeeper will attempt to de-mystify it and explain how it works. Cost of Goods Sold is an account in your Chart of Accounts that is a very…
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