BookKeeping Tips
Team One Accounting is Orange County’s Local Bookkeeping Service, here to help with all your bookkeeping needs. Let’s explore:5 Ways to an Accountant’s Heart
1. A Successful Partnership Intuit conducted a survey in October 2022 which found tremendous benefits to the accountant-business owner relationship: ● Nine out of ten small businesses with an accountant or bookkeeper say they contribute to the business’s success. ● More than eight out of ten business owners say accounting…
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Team One Accounting is Orange County’s Local Bookkeeping Service, flying in to help with your bookkeeping needs.
Cool Tech Tools: Drones Drones were considered fun when they first came out, but they are far from toys. Drones have surprising benefits with extremely high return on investment to certain business owners. A drone is a robot that can fly and that is controlled by a remote device. The…
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6 Ideas to Put the Spring into Your Spring Revenue
While spring brings a change in the weather for most locations, it also brings a number of opportunities to refresh your products and services. Spring is a great time to boost your marketing campaigns so that you can boost your business revenues. For Example, “Let us give your Books a…
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Is Sunk Cost Bias Affecting Your Spending Decisions?
A sunk cost is simply money, time, or resources that you have already spent and can’t get back. Another word for them is retrospective costs. The bias comes into the picture when we consider those costs in future decisions. One example is when you have already invested a lot of…
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Understanding Equity on the Balance Sheet for a Sole Proprietor
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…
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Here’s what you need to know about Knowledge Panels
Are you looking for new ideas to market your business? If so, knowledge panels might be something to consider. Most people haven’t heard of them, but they are widely used in search results every day. Knowledge panels are the information panels that appear on the bottom right corner of your…
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Team One Accounting is Orange County’s Local Bookkeeping Service! Our bookkeepers will help business owners understand, What exactly is an Audit?
The word “audit” can be thrown around a lot in casual conversation. When an accounting professional uses it, it means something very specific. Today we’ll talk about a variety of meanings, focusing on the most important ones for our clients: Financial Audits and IRS Audits! Financial Audit A financial audit…
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Team One Accounting is Orange County’s Local Bookkeeping Service! Our bookkeepers will help businesses understand Equity.
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…
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Team One Accounting is Orange County’s Local Bookkeeping Service! Our bookkeepers will help businesses understand Accounts Payable.
All businesses, no matter their size, have bills to pay. The larger the business, the more formal the accounts payable process tends to be. That doesn’t mean small business owners can’t benefit from a formal accounts payable process. We help our clients categorize payments and purchases, helping to weed out…
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Find the Best Pricing Method for YOU
How do you arrive at a price for the products and services you sell? While it depends on what industry your business is in, there are a handful of foundational pricing methods that are useful to know. Below your Favorite Orange County Bookkeeper reviews different pricing methods and why they…
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