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Salt Lake City Bookkeeping Blog

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5 Simple Ways To Control Your Accounts Receivable

  
  
  
Collect Accounts Receivable

Controlling accounts receivable is a challenge for any small business owner. You are so relieved and happy when you make a new sale and you send out an invoice. The problem is sending an invoice is only half the battle; you still need to get paid. I don't consider a new client closed until funds have been received and cleared the bank. Managing cash flow is so important for a small business so you need to stay on top of it. Controlling your accounts receivable is a great way to help maintain a healthy cash flow. Here are five ways to control your accounts receivable. 

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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  

Help! I'm Too Busy To Handle My Bookkeeping

  
  
  
Too Busy For Bookkeeping

The number one reason we get new clients is because most small business owners are too busy to handle their bookkeeping. It is often true that a business owner is too busy to update their bookkeeping, but that doesn't mean it is important. I'm also quite a busy person but I find time for all the important aspects of my small business, even if I am not directly doing the work in a particular area. If you are too busy to handle your small business bookkeeping here are a few things you still need to know.

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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  

Turn Your Bookkeeping Into A Kick-Ass Business Tool

  
  
  
Build a Bookkeeping System

Most business owners do not use bookkeeping as a business tool to make decisions. Most bookkeeping systems are not set up properly to be used as a tool and therefore most business owners don't see value in their bookkeeping system. At SLC Bookkeeping we like to work with small businesses that want to use their bookkeeping to help run their business. Some business owners know that the financial reports of their business are the roadmap to success and others need to be shown why that is. Taking your bookkeeping beyond data entry and filing taxes into a well-oiled machine that is full of information is why we are in business. Here is how to turn your bookkeeping system into a ass kicking business tool.

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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  

Is Your Small Business Leaving Money On The Table?

  
  
  
My Business Is Losing Money

Did you ever think that you may be leaving some money behind in your small business? Do you think that your sales as well as profits could be better? If you said yes then maybe you are leaving some potential money behind in your small business. Buy why would you do this? Most likely you are not even aware that you are doing it. Here are a few ways you are possibly missing out on revenues and profits in your small business.

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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  

4 Common Misconceptions About Your Small Business Bookkeeping

  
  
  
I Don't Understand Bookkeeping

Working with lots of different small business owners we see a lot of misconceptions about bookkeeping. Many business owners just don't have the education or background to understand small business financials. Other business owners truly don't care about their bookkeeping. When you are looking at your small business bookkeeping it is important to understand the system and where the numbers come from that create your financial reports. Here are four common misconceptions about small business bookkeeping.

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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  

15 Non-billable Tasks That Will Grow Your Small Business

  
  
  
Non billable Tasks Can Grow Business

As your business evolves it is important that you stay on task to grow your small business. Many small business owners get caught up in the day to day operations rather than focusing on big picture tasks. If your mentality is that only you can do every task correctly then you are going to hit a serious roadblock while growing your business. Some business owners believe that handling as much billable work as possible will result in the highest profit margin since there is no overhead. The difficulty with that mentality is you can only do so much. Non-billable time is extremely important and critical if you are serious about growing your business. Here are 15 non-billable tasks that will help your small business grow quickly.

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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  

Is Your Small Business Bookkeeping A Freaking Disaster?

  
  
  
Bookkeeping Is A Disaster

Do you describe your business bookkeeping as a disaster? Does the word bookkeeping make you cringe? Do you struggle to send your QuickBooks file to your CPA year after year? If you answered yes to any or all of these you are not alone. Too be honest most small business bookkeeping systems start out as a disaster. We rarely get a new client that has a bookkeeping system that is dialed in. However, when a business has felt the pain of having a bad bookkeeping system in place they never let it get there again. If your current bookkeeping system is a disaster here is what you can do about it.

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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  

The Reality Of Working For A Small Business

  
  
  
Working For A Small Business

Most professionals start their career in a corporate environment. However, as time goes on I feel many people are attracted to small businesses. People are usually not drawn to small businesses for monetary reasons. Some believe there is more flexibility, while others want to feel appreciated. But what is the reality of working for a small business? Many people have misconceptions about what working in a small business will really be like. Some people love and thrive in a small business working environment, while others dislike it for one reason or another and find themselves back in a corporate job. I’m not saying that working for a small business is better than a corporate job, it is just different. So what is the reality of working for a small business?

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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  

Will CFO Services Uncover Your Hidden Profit Centers?

  
  
  
Outsourced CFO Services SLC

Today's post is a guest post by RANDY RUSSON, Founder of TOP CFOS | Join him on LinkedIn

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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  

Does Your Small Business Bookkeeper Have Your Back?

  
  
  
Trust Your Bookkeeper

Does your bookkeeper actually care about your small business? I mean, do they truly care about you and your business and do they prove that to you with their service? If your bookkeeper doesn't show you that they care about your business then you need to find one that really does care. We often get new clients because they previously had a bad bookkeeper. Business owners' fire bookkeepers because they get sick of errors, get tired of excuses, and won't tolerate negligence with their business bookkeeping. I can't blame people for firing their bookkeeper's for legitimate reasons. It's not like they are asking the world, it's not rocket science; it's just bookkeeping. Here are five examples of simple ways that your bookkeeper can have your back.

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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  
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