Salt Lake City Bookkeeping Blog

The Dog Days Of Summer Bookkeeping Tune Up

Posted by Matt Roberge on Jul 2, 2015 7:30:00 AM

Sitting in Montana looking at weekend temps in the triple digits I felt it was appropriate to write this post. Thankfully over the next two weeks I will be surrounded by cold water; first at the in-laws lake cabin and then on a five day river trip on the legendary Smith river. Early July is a time to kick back for the holidays and stay cool. However, the dog days of summer is also a great time for a bookkeeping tune up (I know fun huh?). The year is half over and it's a good time to see where you are at financially, make key decisions and business pivots, and finish the year strong. Here is what I recommend for a mid-summer bookkeeping tune up. 

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Topics: Financial Forecasting, Financial Reporting, Small Business Bookkeeping, QuickBooks Assets, Reconciling QuickBooks, CPA, SLC Bookkeeping

The Power Of Daily Bookkeeping

Posted by Matt Roberge on Jun 30, 2015 7:30:00 AM

For years I have been preaching the power of daily bookkeeping to friends, colleagues, clients, and blog readers. Daily bookkeeping is exactly what you think it is, updating your books every single day. My daily routine when I wake up is to grab a coffee, open my business QuickBooks on one screen and my online banking on the other. My QuickBooks checking account is always sorted by cleared status so I can reconcile my QuickBooks bank account to my online banking ending daily balance. Aside from being a complete bookkeeping dork this does serve a purpose. Here is the power of daily bookkeeping.

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Topics: Cash Flow Management, Financial Forecasting, Financial Reporting, Grow Your Business, Daily Bookkeeping,, Daily Reconciling

Growth Planning Always Leads Back To Sales And Marketing

Posted by Matt Roberge on Jun 25, 2015 7:30:00 AM

We have been doing a lot of growth planning for our small business lately. Planning growth in a small business is something that I'm passionate about, so I really enjoy the whole process. Our bookkeeping services are designed to help all of our clients businesses grow. Planning growth in a business doesn't come easy to everyone and they often have to hire an outside consultant to help. Below I'm going to take you through an incredibly over simplified growth planning process. This blog isn't meant to be a template for how to plan growth. Rather, I want to point out no matter how you plan the growth of your small business it all leads back to marketing and sales.

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Topics: Financial Reporting, Small Business Growth, Sales, Grow Your Business, Business Process, Marketing Small Business, Strategic Planning

How To Turn Your Idea Into A Successful Business

Posted by Matt Roberge on Jun 23, 2015 8:13:00 AM

I love the idea guy in the small business world. We all know them right? It's your buddy that is always coming up with a new hot idea. Often times these ideas are brought up over a beer at your local watering hole. Most of the time nothing comes of these ideas. However, sometimes businesses are formed from the crazy idea. The majority of the ideas flop as a business concept and fail. In fact according to Bloomberg 80% of entrepreneurs that start a new business fail within the first 18 months. I believe the main reason is that the idea guy often doesn't know anything about running a business, but figures he can do it anyway. Some ideas gain traction and actually become real businesses, but they are certainly the minority. So how can you turn your great idea into a successful business?

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Topics: Business Ideas, Small Business Growth, Business Process, Entrepreneurship, Scaling A Business

The Danger Of Not Having An Exit Plan For Your Small Business

Posted by Matt Roberge on Jun 18, 2015 7:30:00 AM

Do you have an exit plan in place for your small business? Is your exit plan formally written down or is it something that is just in your head? Do you pull your exit plan out and review it more than once a year? I believe that the majority of small businesses do not have a formal exit plan written down. Here is why I believe not having an exit plan in place is very dangerous for a small business. 

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Topics: Small Business Growth, Grow Your Business, Entrepreneurship, Scaling A Business, Exit Planning

A Small Business Owner Needs To Be An Integral Part Of Budgeting And Forecasting

Posted by Matt Roberge on Jun 16, 2015 7:30:00 AM

It is essential for a small business owner to be a part of the forecasting and budgeting process. Many small business owners don't take the time to even build a budget or forecast. Even those that do make a budget quite often don't take the time to analyze their actual performance against it, draw some conclusions, and make any necessary adjustments. Here is why every business owner needs to be a part of the budgeting and forecasting process. 

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Topics: Financial Forecasting, Financial Reporting, Business Budgeting, QuickBooks Budget, Building a budget, forecasting

7 Effective Bookkeeping Habits You Can Implement Right Now

Posted by Matt Roberge on Jun 5, 2015 7:30:00 AM

I was thinking about how dialed in my bookkeeping system is; both for our business and our personal books because I keep both. Bookkeeping comes very easy to me obviously and is also near the top of my priority list. Most people that blog are going to write about their particular service because it's what they know and believe to be most important. Salesmen are going to tell you that sales are the most important thing. Marketing services will tell you it's all about marketing to your prospects. Executive coaches will tell you it's all about planning and execution. So who is right? Well everyone is correct because each facet of business is incredibly important. In order to succeed you need to be good at all of them and you need to find the right balance between them. Here are 7 effective bookkeeping habits that you can implement right now.

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Topics: Financial Forecasting, Financial Reporting, Reconciling QuickBooks, Small Business Growth, QuickBooks Bookkeeping, Bookkeeping System

Why We Offer Small Business Bookkeeping Services

Posted by Matt Roberge on Jun 3, 2015 7:30:00 AM

Did you ever wake up and ask yourself why you do what you do? Why do we offer bookkeeping services to small businesses in Salt Lake City as well as around the country? It's a valid question worth pondering. I'm sure many people have asked themselves a similar question of why they do what they do for a living. Some probably had an epiphany and gave their two weeks' notice that day. Others may have validated their careers to themselves. Yet there are the few that don't ask themselves this question because they are truly doing what they love. Their careers and jobs are not forced, it's a natural fit. So I asked myself why we offer small business bookkeeping services and here is what I came up with.

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Topics: Bookkeeping Salt Lake City, Bookkeeping Services, Small Business Bookkeeping, Grow Your Business, Scaling A Business, Part-time CFO Services

Stop Marketing And Selling? Say It Ain't So

Posted by Matt Roberge on May 21, 2015 7:30:00 AM

As a CEO inevitably you mess up and boy did I ever. In fact I messed up so much that we had to stop selling and marketing (I know the horror!). Our last blog post was almost six weeks ago, but there is a reason for that. Bad CEO's get down on themselves when they screw up or play the blame game. Good CEO's reflect, analyze, pivot and execute. This blog has nothing to do with SEO or attracting new customers; it's simply a business lesson that I hope saves someone some time.

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Topics: Small Business Management, Small Business Growth, Sales, Scaling A Service Business, Marketing Small Business, Inbound Marketing

Is Your Small Business Constantly Running Out of Time?

Posted by Matt Roberge on Apr 7, 2015 7:30:00 AM

You hear it all the time; your most precious asset is your time. Many people don't value their time appropriately and end up wasting a lot of their time on unproductive tasks. Small business owners struggle to find time to work on their business and instead get tangled up in unimportant day to day tasks. It's not that the day to day tasks are not important. It's just that if all you do is work on day to day tasks you never work on big picture tasks, which are incredibly important. If you find yourself constantly running out of time maybe the below advice will help you.

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Topics: non-billable time, Small Business Growth, Grow Your Business, Scaling A Business, Business Coach