Business Planning
Building Your Supply Chain’s Resilience
Supply chain breakdowns continue to stymie small businesses, causing them to lose sales and profits. Whether your business has been affected or not by supply chain delays and shortages, it’s a good idea to take steps to make your supply chain as resilient as possible. Your supply chain starts with…
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Don’t Shortchange Yourself: What an Entrepreneur’s Pay Should Cover
Being in business means taking a lot of risks, especially financially, and as an entrepreneur, you deserve to be rewarded for those risks. Your pay is just one of the many benefits of your self-employment. But it’s not like the pay you get as an employee; it needs to be…
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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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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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Do You Need a Business Savings Account?
If you have accumulated more money in your business checking account than you really need for daily operating expenses, that is a nice problem to have! It’s time to consider putting that money to work. A business savings account might be your answer. Every bank is different when it comes…
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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 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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