Many people have complained about the worker shortages this year. If you need additional workers in order to grow your business, Your Favorite Orange County Bookkeeper has listed some ideas for your consideration. Where to Look for Workers We may think of workers as only being employees, but there are a lot more options if…
Details
If you’re a business owner who wants to continually find ways to increase your profitability, then you will want to learn about direct and indirect costs. Breaking out your expenses into direct and indirect categories can help you arrive at the most profitable volume of sales for your business. What is the difference between a…
Details
Can you believe that a little more than half of 2021 is gone already? That means it’s a great time to take stock of how your business has done for the first half of 2021 so that you can meet your financial goals for the entire year. Your Favorite Orange County Bookkeeper is here to…
Details
While business owners are directed to keep their monthly books up to date for tax and other compliance reporting purposes, you should never stop there. Your books hold a wealth of information that you can utilize to run your business better. Below, Your Favorite Orange County Bookkeeper reviews the five reports you should never be…
Details
Are you familiar with Clubhouse? This social media platform is still pretty new, but is currently picking up steam. Perhaps one of the easiest ways to describe Clubhouse is like this: When you were a kid, did you ever hold a glass to a wall with your ear glued to it in order to hear…
Details
The Chart of Accounts is the backbone of your accounting records. It is a list of all of the accounts – bank, loan, asset, income, and expense – in your General Ledger, which holds all of your accounting transactions. Below Your Favorite Orange County Bookkeeper examines various ways to restructure your chart of accounts to…
Details
All small businesses need cash to operate, and there are many ways to generate the required cash. The most common way that many businesses get started is when the owner makes an investment from their savings or other personal cash. But what if it’s not enough? In this article, Your Favorite Orange County Bookkeeper examines…
Details
In accounting, a key term to know is “internal control.” Internal control is the series of processes and procedures that are performed within the organization to ensure the integrity and accuracy of the financial information and reporting of that organization. Internal control is very important to consider in order to protect the business owners, employees,…
Details
We’ve been in a pandemic for what seems like five years now, right? All joking aside, if you have been lucky enough to work from home this past year, then it’s possible that you are in the process of going stir-crazy. Or maybe you’re simply ready to shake things up a bit. Working from home…
Details
Do you have a lot of customer service inquiries in your business? If so, it can be a challenge to manage them all. Being responsive with customer service can make all the difference in your company’s success. It is necessary to take a look at some tools that can streamline your processes. The most common…
Details