BookKeeping Tips
10 Ways to Boost Your Revenue in 2020 from Your Favorite Orange County Bookkeeper
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…
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Your Favorite Orange County Bookkeepers on Cool Tech Tools: Fathom
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…
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Get Organized with This 32-Item Year-End Close Checklist From Your Favorite Orange County Bookkeepers
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…
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Custom Fields in Your Accounting Software by Your Favorite Orange County Bookkeepers
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…
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Protecting Clients’ Credit Card Numbers from Your Favorite Orange County Bookkeepers
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…
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Five Key Reports for Your Business from your Favorite Orange County Bookkeeper
Each month, your accounting system yields actionable information for you to run your business better. Here are some key reports that all business owners should review every month. 1. Balance Sheet Reviewing the balance sheet can tell you balances of your current assets and current liabilities. Current assets should always…
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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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