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Salt Lake City Bookkeeping Blog

What’s the Difference Between Bookkeeping and Accounting?

Posted by Leanne Armstrong on Apr 18, 2018 9:00:00 AM

The terms bookkeeping and accounting are often used interchangeably, but there are some key differences that distinguish one from the other. While both functions play essential roles in managing your company’s finances, it’s important to understand the nature of their relationship, and how bookkeeping and accounting ultimately work together to ensure the success of your business.

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Topics: Outsourced Accounting And Bookkeeping, CFO Consulting, Strategic Planning, Growth Coach

Say And Accept No To Succeed

Posted by Matt Roberge on Apr 11, 2018 9:00:00 AM

Are you afraid of the word no? Whether it is hearing or saying no, does that have a negative connotation for you?

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Topics: Business Sales, Growth Coach

Open for Business: Everything You Need to Know About Preparing Your Books Pre-Revenue

Posted by Leanne Armstrong on Apr 4, 2018 9:00:00 AM

Launching a new business? Great! Books prepared and ready to go? If your answer to that is any version of “not so much”, you should probably delay the impulse to throw open your doors.

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Topics: QuickBooks Setup, Start A Business, Startup, small business startup

I Need A Better Bookkeeper

Posted by Matt Roberge on Mar 28, 2018 9:00:00 AM

I hear it all the time from new prospects of our bookkeeping service: "I need a better bookkeeper."

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Topics: Small Business Bookkeeper, Hire A Bookkeeper, Better Bookkeeping, Growth Coach

5 Tips to Ramp Up Your Short-Term Cash Flow

Posted by Leanne Armstrong on Mar 21, 2018 9:00:00 AM

Maintaining a positive short-term cash flow position – one where the revenues from selling your product or service are greater than your expenses for things like rent, salaries, and supplies - is critical if you want your company to succeed.

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Topics: Cash Flow Management, QuickBooks Cash Flow, cash flow forecasting, Cash Flow

So, You Want to Franchise Your Business …

Posted by Leanne Armstrong on Mar 14, 2018 9:00:00 AM

Is your business just begging to be franchised?

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Topics: Small Business Growth, Growth Coach, Franchise Business

How to Evaluate That Business Opportunity Like a Pro

Posted by Leanne Armstrong on Mar 7, 2018 9:00:00 AM

Aspiring business owners and established entrepreneurs alike can find it hard to resist the urge to explore new opportunities! But whether that means expanding your current line-up of products and services – or launching an entirely new venture – the key to success lies in evaluating each business opportunity with care.

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Topics: Financial Reports, Strategic Planning, Growth Coach, Profit Coach

Does Modern Technology Affect Employee Engagement? You Bet!

Posted by Leanne Armstrong on Feb 21, 2018 9:00:00 AM

Does Modern Technology Affect Employee Engagement? You Bet!There’s a great deal of research to suggest that employees who feel engaged in the workplace are happier and more dynamic. When you invest in a business culture that promotes loyalty and enthusiasm among the ranks, it can lead to better performance at the organizational level.

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Topics: Hiring, employee, sourcing employees

Essential Tips to Help You Think Like an Entrepreneur and Grow Like an Employee

Posted by Leanne Armstrong on Feb 14, 2018 9:00:00 AM

Do entrepreneurs really approach business so very differently from the average employee? The short answer is yes. And the most accomplished business owners are often the ones who have mastered the delicate balancing act between entrepreneurial and employee-like attributes.

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Topics: Starting A Business, Entrepreneurship, Growth Coach, small business startup

Be Prepared When Opportunity Knocks, With Investor-Ready Financials

Posted by Leanne Armstrong on Feb 7, 2018 9:00:00 AM

Many entrepreneurs are so busy getting their businesses up and running that they give little thought to expanding or selling. But having a viable growth and exit strategy in place should be part of your company’s overall plan. Especially since being prepared when opportunity knocks, is often the best way to profit from your business investment.

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Topics: Small Business Bookkeeping, Investor Bookkeeping, Growth Coach, business investment