business building

Get Organized with This 32-Item Year-End Close Checklist From Your Favorite Orange County Bookkeepers

By Patty Hansen | Nov 20, 2019

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 don’t know how to do…

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key financial reports for business

Five Key Reports for Your Business from your Favorite Orange County Bookkeeper

By Patty Hansen | Aug 28, 2019

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 be larger than current liabilities.…

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Understanding Cost of Goods Sold From Your Favorite Orange County Bookkeeper

By Patty Hansen | Jul 17, 2019

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 special type of expense.  It…

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A Mid-Year Review From Your Favorite Orange County Bookkeeper

By Patty Hansen | Jul 3, 2019

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 bookkeeper, wants to help you…

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Your Orange County Bookkeeper Wants to Know! Do You Know Who Your Top Customers Are?

By Patty Hansen | Jun 19, 2019

Every business has customers, and while all customers are important, most entrepreneurs will agree that some customers are more important than others. This may be due to the amount of revenue the customer brings in, their ability to refer new clients to you, the interesting challenges of the customer, or another factor. Your Orange County…

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Five Timeless Tips to Improve Customer Service from Your Orange County Bookkeeper

By Patty Hansen | Jun 5, 2019

Having repeat customers is essential to many businesses. The key to keep clients coming back is to provide them with great customer service. Here are five ideas to rate your business’s ingenuity when it comes to serving customers. 1. Make a great first impression. When customers make a purchase from you, make them feel great…

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New Hire Checklist

Team One Accounting Presents Your New Hire Checklist

By Patty Hansen | Apr 24, 2019

We recently hired a new part time person for our team at Team One Accounting. Hiring a new employee is a big accomplishment in any small business, and there are a lot of steps involved, too. Here’s a handy checklist from your favorite Orange County Bookkeeper to help you stay organized when you bring that…

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Marketing Spend

Team One Accounting on How to Evaluate Your Marketing Spend

By Patty Hansen | Mar 27, 2019

One of the most important success factors of small businesses is the ability to generate revenue, and to do that, most businesses need to market their services and products to bring in new customers and sales. The challenge for small business is how to make their marketing dollars work the hardest, and this requires careful…

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team one accounting cash flow

5 Ways to Speed Up Your Cash Flow From Team One Accounting

By Patty Hansen | Mar 13, 2019

One of the biggest challenges for small businesses is managing cash flow. There never seems to be enough cash to satisfy all obligations, so you must speed up cash flow when you can. Here are five tips you can use to get your cash faster or slow down the outflow. 1.  Stay on top of…

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bringing home the bacon

Team One Accounting with 5 Tips on Bringing Home the Bacon

By Patty Hansen | Feb 27, 2019

Whether you call it bacon, Benjamins, or big bucks, cash, having enough of it, is key to running your business.  Below are five tips related to managing and getting the most out of your business cash. 1. All banks are not the same. Choose your bank wisely, and don’t be afraid to switch if you…

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