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…
Your Favorite Orange County Bookkeeper is here with a great idea on how to further build connections with your clients, customers, vendors, and employees. As we approach the holiday of Thanksgiving, it’s the perfect time to think about how we can use thank you notes in our businesses and lives to express our gratitude to…
For service businesses, labor cost is typically the largest expense that is incurred in business operations. For many other types of businesses, the cost of labor is a large component of overall costs. Controlling labor costs so that they stay in line with what’s best for the organization is an important management function. Your Orange…
Time is our most precious personal resource; Once we’ve spent it, we’ll never get it back. As busy entrepreneurs, we seem to have less time than anyone else, so it just makes sense to look for ways to use our time wisely. Your Favorite Orange County Bookkeeper is here with a technique that will help…
Your favorite Orange County Bookkeeper is here to share this year’s projected holiday trends and upcoming opportunities for your business! This 2021 holiday sales season will give businesses a chance to continue their online migration from 2020 trends, with possibilities for more refinement and improvements. The goal is to bring as much as possible online and…
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…
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…
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,…
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…
Many small business owners focus on generating more revenue every year, and that’s a wonderful goal. But not all revenue is created equally. Some items are more profitable than others. If you sell more than one product or service in your business, then you may benefit from looking at your revenue mix. A revenue mix…