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Salt Lake City Bookkeeping Blog

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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.  

5 Stages Of Small Business Bookkeeping Understanding

  
  
  
Need Help Understanding Bookkeeping

Small business owners have many varying degrees of understanding when it comes to their small business bookkeeping. Some business owners are intimidated by their bookkeeping, while others just don't care about it. Many business owners don't understand their bookkeeping or the importance of it until someone shows them. Working with hundreds of small business owners over the years has shown us the varying degrees of understanding that owners go through with their books. Here are five stages of small business bookkeeping understanding that you can use to enhance your understanding of your own business's books.

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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.  

Small Business Owners: Don't Let Your Monday Ruin Your Sunday

  
  
  
Montana Solar Power Service

I was coming home from one of many amazing fishing trips of this summer with my wife and my friend Kyle. Kyle is a great friend of mine and a partner in Harvest Solar MT out of Bozeman, Montana. I respect Kyle for many reasons. By choice he lives off the grid, he is an incredibly hard worker, and one funny guy. So we are driving home on a Sunday evening from a four day float out of the wilderness just outside of Glacier Park in northwest Montana. It was getting late in the evening and all three of us had to work on Monday morning. We were all starving but I didn't really want to delay our drive home. I kept asking Kyle if he cared if we stopped or if he wanted to get home. Kyle responded, "Don't let your Monday ruin your Sunday bro." Kyle's statement has stuck with me for the past several weeks and I have found that taking this advice to heart really helps.

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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.  

Market Your Small Business To Work With Like-Minded Business Owners

  
  
  
Market Your Small Business

Lately, we have been attracting a lot of like-minded business owners as clients. You know the clients I am talking about; the clients that are a great fit for your service that you love working with. When you meet with a prospect that shares similar views you just kind of hit it off because it is a perfect fit. Then I got to thinking about how our marketing efforts attract these like-minded business owners that are a perfect fit.

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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.  

Consistency In Your Small Business Pays Off

  
  
  
Consistency in Small Business Tasks

Staying consistent with many different aspects of your small business can really pay off in the long run. I got the idea for this blog when I was fishing a few weeks ago on a particularly good morning. On the morning of July 28, 2014 I was coming off of a week of vacation so I was at my desk early catching up. About 8 am I looked outside to see a blizzard of bugs (good for fly fishing) and went outside to take a look. There were so many bugs I had no choice but to grab my rod and go fish. I had one of the best mornings of fishing of the summer. I continued to fish just about every morning for the two weeks following that and never had the same banner morning. However, I learned a lesson that can benefit your small business; staying consistent can really pay off.

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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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