It’s February, love is in the air, and what a perfect time to discuss the relationship between money and marriage. One of the biggest causes of fights in a marriage is money. No matter what stage you’re at in a relationship, it’s a good idea to discuss major money topics so you’ll know where you…
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In his book, The Rebel Rules: Daring to Be Yourself in Business, author Chip Conley describes what investors look for in a management team when considering to invest in a new business. He states your management team should consist of a “brain trust that includes a passionate visionary, a ‘get-your-hands-dirty’ operator, and a responsible, finance-minded executive.”…
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As we welcome a new year it’s a perfect time to reflect on the trends that will impact us and our businesses. Team One Accounting has compiled a list of trends in 2020 for your consideration and reflection: Trend #1: Sustainability Concern for the environment has made the list for core values by many companies.…
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The start of a new year creates the perfect time to revisit old business strategies from last year so you can maximize your revenue for 2020. If your financial numbers were fantastic this year, that’s great! Keep the strategies that worked for you and cut the ones that didn’t. Whether your numbers were amazing, not…
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Do your eyes glaze over when presented with financial statements? If so, you’re not alone. Many entrepreneurs benefit from seeing their financial results in graphic and chart formats. Your favorite Orange County bookkeepers have recognized that it is sometimes easier to view your financial position with colorful bars and graphs instead of viewing the typical…
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A great way to make a wonderful start to 2020 is to wrap up 2019 feeling organized and on top of the world. Below is a checklist of items that you can start on now to make your year-end close go smoother than ever before. And don’t worry if you don’t know how to do…
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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 Bookkeepers that will not only…
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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 a list of practical uses…
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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 is required to follow PCI…
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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 into place. This will reduce…
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