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Salt Lake City Bookkeeping Blog

The Perks of Hiring a Restaurant Bookkeeper on Time

Posted by Joe Mazur on Mar 26, 2020 12:00:00 PM

Driven by ambition, most business owners tend to think beyond the realms of the possible. I know this because I’ve dabbled in the business world for a good minute.

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Topics: QuickBooks consulting, Business Efficiency, Business Ideas, Outsourced Bookkeeping, Year End Bookkeeping

Common Bookkeeping Mistakes That Can Be the Downfall of Your Business

Posted by Matt Roberge on Mar 19, 2020 1:00:00 PM

Running a business is as fulfilling as it is stressful. There is joy that comes from seeing your idea become reality. It doesn't hurt that as a business owner, you get to be your own boss, schedule your work hours, and have the opportunity to help your community.

Nevertheless, there is more to owning a company that product creation and marketing. While it is important to improve your products and get your brand message across audiences, keeping tabs of your expenditures and making sure your business finances are in order is just as essential in running a successful enterprise.

Needless to say, bookkeeping should be a priority for every business owner. As mundane and tedious as it is, ensuring that your books are in order can be the difference between making a profit and losing your investment.

New to entrepreneurship? Below are a few bookkeeping mistakes that you should be aware of:

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6 Bookkeeping Pains An Outsourced Bookkeeping Service Can Resolve

Posted by Matt Roberge on Feb 12, 2020 12:00:00 PM

For many businesses, their bookkeeping causes a lot of pain. However, when handled correctly, there are many pains that proper bookkeeping can remedy. Common reasons that bookkeeping causes pain are: it is intimidating, people don't like it, and it's often way behind because it gets pushed to the back burner. 

It is crucial to keep up on your bookkeeping so that you can keep your business on track towards its goals. If you are feeling any of the following bookkeeping pains, you need to make some changes to your current system.

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Topics: Bookkeeping Services, Financial Forecasting, Financial Reporting, Business Budgeting, Small Business Bookkeeping

Seven Fatal Bookkeeping Mistakes You Can't Afford

Posted by Matt Roberge on Jan 28, 2020 12:00:00 PM

As a small business, there are many bookkeeping mistakes you just can't afford to make. 

A small mistake can mean a minor setback in your operations. Some larger ones can have you overpay taxes. There is not a company anywhere that wants to pay more tax than they legally have to. 

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Topics: Bookkeeping Errors, Efficient Bookkeeping, Do It Yourself Bookkeeping, QuickBooks advice, Tax Compliance, Outsourced Bookkeeping

7 Common Myths About Outsourced Bookkeeping Services

Posted by Austin Walker on Jan 14, 2020 10:00:00 AM

Outsourced bookkeeping, and other professional services, has been gaining a substantial foothold among today's small business owners. But whether you have been thinking about outsourcing for a while now or are considering it for the very first time, you may find you're reluctant to take the step, especially where your finances are concerned.

Often regarded with indifference, confusion, or even outright fear by many entrepreneurs, the misunderstandings and misconceptions surrounding outsourced services abound. 

In this post, we will highlight seven of the most common myths about outsourced bookkeeping services.  

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Topics: Small Business, Outsourced Bookkeeping

10 Undervalued Benefits Of Outsourcing Your Bookkeeping

Posted by Austin Walker on Jan 3, 2020 12:00:00 PM

Outsourcing your small business bookkeeping has never been more accessible or more compelling than it is today. 

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Topics: Small Business Bookkeeping, Outsourced Bookkeeping

Bookkeeping Tasks For Every Time Of The Year

Posted by Matt Roberge on Dec 27, 2019 12:00:00 PM

The new year is almost here. It is time for your year-end bookkeeping but also to start planning for the next year.  

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Topics: Bookkeeping Processes, Financial Forecasting, Financial Reporting, Year End Bookkeeping

6 Qualities Of Restaurant Bookkeeping Experts (& How To Ask About Them In Your Interviews)

Posted by Matt Roberge on Dec 18, 2019 12:00:00 PM

Restaurant bookkeeping is a fairly unique process, and through our experience, we have learned that the front of the house operations has an effect on the bookkeeping, and understanding the ins and outs is extremely important. 

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Topics: Restaurant Bookkeeping, Restaurant Accounting

The Best Tips For a Small Business Owner Managing Their Own Bookkeeping

Posted by Matt Roberge on Dec 11, 2019 7:00:00 AM

Have you ever wondered how a small business bookkeeper handles the bookkeeping for their own business? Think about it, if you are using an outsourced bookkeeping service they have to handle their own business bookkeeping.

Ask them what they do for their own bookkeeping that you currently are not doing. Here are the key things I do with our own small business bookkeeping.

 

  1. Owner In Control
  2. Updated Often
  3. Always Accurate
  4. Set Goals
  5. Key Metrics and Reporting
  6. The Importance of Checking a Client's History
  7. Collection Success When You're a Small Business Owner

 

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Topics: Financial Forecasting, Financial Reporting, Business Budgeting, Small Business Bookkeeping, Reconciling QuickBooks, Bookkeeping Theft

How to Open a Yoga Studio: Advice from a Bookkeeper

Posted by Matt Roberge on Dec 5, 2019 6:51:00 PM

 

We have helped plenty of small business owners with opening a yoga studio but mostly from a business perspective.  Yoga studio bookkeeping is one of our industry specialties due to how many yoga studios we have done bookkeeping and business consulting for.  

The one thing I have noticed about all the yoga studio owners we have worked with is the passion they have for yoga.  I'm sure you don't want to get into yoga for business management; you just want to run a studio because you love what you do.  

No matter what business you are in having a true passion and love for what you do is what leads to running a successful business.  If you are wondering how to open a yoga studio I have plenty of advice from a business perspective based upon my past experience.

Here we will discuss my top tips for those wanting to open their own yoga studio. 

  1. Find a CPA and Lawyer
  2. Choose an Entity Type
  3. Yoga Studio POS System
  4. Bookkeeping For A Yoga Studio
  5. Payroll and Independent Contractors
  6. Financial Reporting
  7. Filing Taxes
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Topics: Yoga Studio Bookkeeping, Mindbody Bookkeeping