Salt Lake City Bookkeeping Blog

Why I Handle My Own Bookkeeping

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

It probably doesn't come as any surprise that I handle my own bookkeeping. After all, bookkeeping is my profession, so it makes sense that I handle it for our business. A marketing consultant probably doesn't outsource their own marketing. If accounting is not your strength, then I highly recommend that you use an outsourced bookkeeping solution. There are several important reasons why I handle my own bookkeeping.

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Topics: Cash Flow Management, Financial Reporting, Small Business Bookkeeping, Small Business Growth, Daily Reconciling, Growth Coach

How Outsourced Bookkeeping Helps Reduce Stress

Posted by Austin Walker on Nov 24, 2015 7:00:00 AM

Outsourcing your company's bookkeeping may not be the top priority, but maybe it should be.  There are many reasons why it's good for you and for the company, but one of the best reasons is to reduce stress.  According to Emily K. Porensky, PhD and assistant professor of psychology at Ohio State University Wexner Medical Center, stress is linked to all leading physical causes of death. She also noted that it is linked with the development of most major mental health problems, such as depression and anxiety.  In addition, a reduction in stress can greatly improve the amount of of your output in a week and the quality of the work finished.  In other words, you can keep your head on straight and accomplish more, better work.

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Topics: QuickBooks, Bookkeeping, Small Business, Outsourced Bookkeeping, business

Key Business Metrics Available In Your Bookkeeping System

Posted by Matt Roberge on Nov 23, 2015 7:00:00 AM

There are some key business metrics in your bookkeeping system that you may or may not be aware of. Most business owners look at their bookkeeping one of two ways; a means to filing taxes or a tool that they can use to grow their business. Your bookkeeping system should be a machine that you use to make key business decisions. A bookkeeping system that feeds you information on your key business metrics will help you make smart business decisions and scale your business. Below are a few business metrics worth taking a look at in your bookkeeping.

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Topics: Financial Forecasting, Financial Reporting, metrics, Profit Coach, Key Performance Indicators

Restaurant Bookkeeping - 5 Things To Ask Your Restaurant Bookkeeper

Posted by Matt Roberge on Nov 23, 2015 2:39:04 AM

We have a lot of experience with restaurant bookkeeping in Salt Lake City.  I never had a ton of restaurant experience outside of the dishwashing position until I started doing bookkeeping for other small businesses.  When I started doing bookkeeping for restaurants I immediately understood that they were very unique from a bookkeeping perspective.  I ended up managing the front of house of a restaurant for five years in addition to handling the back office tasks.  Through my experience I learned that the front of the house operations has an effect on the bookkeeping and understanding the ins and outs is extremely important.  If you own a restaurant and don't have your bookkeeping dialed in here are 5 questions I would ask your bookkeeper.  

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Topics: Restaurant Bookkeeping, Restaurant P.O.S, QuickBooks For Restaurants, Point Of Sale, Restaurant Bookkeeper, Restaurant Accounting, Restaurant Industry

What Should Small Business CEOs Focus On?

Posted by Matt Roberge on Nov 19, 2015 7:00:00 AM

I'm not convinced that most small business owners know where CEOs should focus their attention. Small business owners tend to be very busy, but not always focusing on the right stuff. Everyone is busy being busy, but do they ever get anything done that actually matters? I try to teach small business owners how to focus on what really matters in a small business, rather than whatever happens to fall on their desk or make its way into their email inbox.  I wrote out a list of six things that I think a small business CEO should focus on and arranged them in a logical order. 

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Topics: Small Business Growth, Entrepreneurship, Scaling A Business, Strategic Planning, CEO Advice, Growth Coach

How Your Small Business Can Benefit From An Audit

Posted by Matt Roberge on Nov 17, 2015 7:00:00 AM

Most business owners cringe when they hear the word “audit,” but the truth is that an audit isn’t necessarily a bad thing. Once you learn more about what an audit is and how it works, you will see that there are a few ways in which your company can benefit from the auditing process.

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Topics: Financial Reports, QuickBooks Audit Trail, Bookkeeping Theft, Internal Audit

Monetizing Your Website - Advice From A Non-marketer's Experience

Posted by Matt Roberge on Nov 12, 2015 7:00:00 AM

A businesses website is so important. Every business owner wants to know how to monetize their business website. A really well-designed and functional website can be very expensive and an owner wants to see a good return on their investment. In today’s business world, your website can be one of the first things a prospect sees. Even if you get a referral or meet a prospect via networking, there is a strong chance they will check out your website before they contact you. Therefore, your website is incredibly important. Here are four tips for monetizing your website from a non-marketer's real world experience.

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Topics: Small Business Consulting, Marketing Small Business, Inbound Marketing, Business Blogging, business

[Infographic] 4 Important Working from Home Comparisons

Posted by Austin Walker on Nov 11, 2015 7:00:00 AM

There are a lot of positives about the possibilities of working from home.  You don't have to deal with traffic in the morning. You might be able to sleep in a little bit longer.  You may not even have to worry about your animals using your house as its personal toilet.  However, there are some reasons why, for some, working from home may not be the best option.  There are a lot of sole proprietors that probably use their home as a means to save on overhead, but it may be costing them in time due to the fact that they can't concentrate.  Other things get in the way; the dishes are bothering them, or the trash just smells.  Maybe the carpet needs cleaning and the garage hasn't been organized in a while and the lawn needs mowed.  For some, it may just be best to rent out an office at a local co-working space.

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Topics: Small Business Bookkeeping, Work From Home, Remote Work, business

5 Reasons You Are Losing Money If You Don't Have A Bookkeeper

Posted by Matt Roberge on Nov 10, 2015 7:00:00 AM

If you are looking for a good way to cut costs in your small business, then hiring a bookkeeper should be the first thing that you consider. Many business owners don’t realize how much money they are losing because they don’t have a good financial tracking system in place. In addition, a decent bookkeeper provides the foundation that you need to save money and improve cash flow.

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Topics: Small Business Bookkeeper, Bookkeeping Salt Lake City, Outsourced Bookkeeping, SLC Bookkeeping

5 Reasons Why Bookkeepers Are Great Small Business Consultants

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

Your bookkeeper might be your best business consultant. While some associate the work of "bookkeeping" with low-level data entry, bookkeepers and accountants may be among the best undiscovered secret weapons in your business arsenal. Below are 5 reasons why bookkeepers are excellent small business consultants.

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Topics: Small Business Bookkeeper, Small Business Consulting, CFO Consulting, Growth Coach