Time Batching For small business owners, it seems like there is never enough time to get everything accomplished. One tool that will help you get the most out of your time is time batching, also known as time blocking. If practiced correctly, it can revolutionize the way you approach work. What Is Time Batching?…
A great entrepreneur will always be on the lookout for ways to improve their business. Efficiency is a goal everyone wants to achieve when it comes to business because it can translate into less work and more profits. Below, Your Favorite Orange County Bookkeeper has listed five ways you and/or your staff can become more…
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…
Whether we’re headed for a recession or not, it’s always a good time to squeak out more profits from your business books. We’re not talking about drastically slashing expenses or spending a lot to raise revenue; Your Favorite Orange County Bookkeeper has 5 great tips to gently lift up your profits in the long-term that…
Can you believe that almost half of 2022 is gone already? That means it’s a great time to take stock of how your business has done for the first half of 2022 so that you can meet your financial goals for the entire year. Your Favorite Orange County Bookkeeper is here to help! On Track…
Getting your business loan can be an exciting step in the growth of your business. Recording your loan properly in your accounting system usually requires special handling by your accountant or bookkeeper. Your favorite Orange County Bookkeeper has some great notes about loans to share with you. Your loan statement will provide the information you…
Collecting money from customers is a key function in any business, and the more automated this process is, the easier it is to collect many payments. The payment function varies by type of business, but more and more, there are online options available for collecting money over the internet. Here are a few tips from…
While there are literally hundreds of accounting reports that can help you run your business better, one of the most popular – and greatly underutilized – reports is the variance report. This is one of Your Favorite Orange County Bookkeeper’s favorite tools! A variance report helps you compare how you are actually doing with either…
It happens all the time. A customer fails to pay on time, the credit card expires, or the check bounces. What can you do as a business owner to spend as little time as possible on these items, but still get the cash collected? Your favorite Orange County Bookkeeper is here to help with four simple…
While Net Profit and your cash balance are probably the first two numbers you look at on your monthly Profit and Loss Statement, don’t stop there. Below are six items to review in your monthly accounting reports from Your Favorite Orange County Bookkeeper. There are a lot more gems you can glean if you take…