team one accounting
5 Accounting Reports You Don’t Want to Be Without From Your Favorite Orange County Bookkeeper
While business owners are directed to keep their monthly books up to date for tax and other compliance reporting purposes, you should never stop there. Your books hold a wealth of information that you can utilize to run your business better. Below, Your Favorite Orange County Bookkeeper reviews the five reports you should never be…
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Your Favorite Orange County Bookkeeper Explores Clubhouse: The New Kid in Town
Are you familiar with Clubhouse? This social media platform is still pretty new, but is currently picking up steam. Perhaps one of the easiest ways to describe Clubhouse is like this: When you were a kid, did you ever hold a glass to a wall with your ear glued to it in order to hear…
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Re-Imagining Your Chart of Accounts from Your Favorite Orange County Bookkeeper
The Chart of Accounts is the backbone of your accounting records. It is a list of all of the accounts – bank, loan, asset, income, and expense – in your General Ledger, which holds all of your accounting transactions. Below Your Favorite Orange County Bookkeeper examines various ways to restructure your chart of accounts to…
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Your Favorite Orange County Bookkeeper Discusses Financing Options for Small Businesses
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…
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Your Favorite Orange County Bookkeeper Discusses the Importance of Internal Controls
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,…
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5 Tips to Spice Up Working from Home from Your Favorite Orange County Bookkeeper
We’ve been in a pandemic for what seems like five years now, right? All joking aside, if you have been lucky enough to work from home this past year, then it’s possible that you are in the process of going stir-crazy. Or maybe you’re simply ready to shake things up a bit. Working from home…
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Mix Up Your Revenues for More Profits with Your Favorite Orange County Bookkeeper
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…
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Fighting Cybersecurity Threats in Your Business from Your Favorite Orange County Bookkeeper
If you keep any kind of digital information in your business, you have a chance of becoming a victim of a cybercrime. The odds have increased exponentially during the pandemic, with more cyberthreats and scams floating around than ever before. Below are some useful tips to reduce your chances of getting attacked from your favorite…
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Your Favorite Orange County Bookkeeper breaks down The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act
The Consolidated Appropriations Act, 2021 (CAA 2021) became law on December 27, 2020, and among many other things, provided for a second round of potentially forgivable Paycheck Protection Program loans to small businesses that were financially impacted by the effects of the pandemic. The Act not only provides funds and guidelines for a round two…
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Wrapping Up 2020 From Your Favorite Orange County Bookkeeper
Year-end is the perfect time to reflect on accomplishments achieved since January. It’s also an important time to put things into perspective as we turn the page and start a new year. What We Learned With so much change in 2020, the opportunities to learn have been abundant. Take a moment and contemplate the following:…
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