BookKeeping Tips
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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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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A Mid-Year Review From Your Favorite Orange County Bookkeeper
Can you believe that half of 2019 is gone already? That means it is an opportune time to take stock of how your business has done for the first half of 2019 so that you can meet your financial goals for the entire year. Team One Accounting, your Orange County…
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How AI Is Changing Accounting – From Your Favorite Orange County Bookkeeper
Artificial Intelligence (AI) has arrived in the accounting field and it’s huge! AI is helping to streamline the Orange County bookkeeper‘s accounting tasks, find patterns in data you can take action on, and generally making workflow more efficient. Here are just a few places we’re seeing AI impact accounting. Transaction…
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Team One Accounting on Accounting-Related Policies
Setting customer expectations in your business are essential to gain the trust of your customers, avoid conflicts, and maintain a high level of customer service. One way to set customer expectations is to clearly state policies that are customer-facing. Many of these are accounting policies that your favorite Orange County…
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Buying a Car or Truck for Your Business?
We just had a call last week from a client who was buying a new truck and asking a question about that purchase. When you purchase a new vehicle, you enjoy riding around in a new car with the new car smell! But, our job has just begun – to…
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Team One Accounting Wants To Help You Get Ahead on Year-End Tasks
Year-end is just around the corner, and that means a couple of administrative tasks are necessary to take care of bookkeeping and tax chores. Here are a couple of tips from your friendly Orange County Bookkeeper to make year-end go smoother. Cleaning up Things will go a lot smoother if…
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