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Salt Lake City Bookkeeping Blog

How Liquidity Ratios Help You Understand Your Cash Position

Posted by Leanne Armstrong on Jan 17, 2018 9:00:00 AM

Carrying out a liquidity analysis of your business will help you to better understand your cash position. And that’s important. Because the more favorable a cash position you maintain, the better your outlook for continued success.

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Topics: Cash Flow Management, Financial Forecasting, Cash Flow, Growth Coach

Read This to Avoid the Most Common Business Partnership Mistakes!

Posted by Leanne Armstrong on Jan 3, 2018 9:00:00 AM

If you believe that the best way to navigate the ups and downs of that new business venture is with a trusty partner by your side, do yourself a favor and read this first.

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Topics: Equity Partner, Growth Coach, business partnership

Identity Thieves Are on the Rise: How Will You Keep Your Small Business Safe?

Posted by Leanne Armstrong on Dec 27, 2017 9:00:00 AM

Identity thieves - and the fraud-based havoc they cause in the US – were responsible for losses exceeding $16 billion in 2016. In fact, according to a study by Javelin Strategy and Research, more than 15 million Americans fell victim to identity theft last year. And that’s a record high.

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Topics: Grow Your Business, Bookkeeping Theft, Growth Coach

Choosing a Payroll Solution: What You Need to Know if You Do It In-House

Posted by Leanne Armstrong on Dec 20, 2017 9:00:00 AM

Like most accounting processes, payroll can be a complicated affair. Whether your responsibilities lead you to an online provider, or a software program you can run from the office, you should be prepared to invest a certain amount of time and money into your payroll solution. Dealing with employee deductions and tax implications effectively is an important consideration after all - especially since payroll errors often lead to penalties for almost one in three business owners.

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Topics: Do It Yourself Bookkeeping, Outsourced Payroll, QuickBooks Payroll

Cut Costs and Boost Efficiency with a Paperless Business Platform

Posted by Leanne Armstrong on Nov 29, 2017 9:00:00 AM

From ATMs to mobile apps, sophisticated digital technologies and internet services allow us to live virtually paper-free! Happily, it’s possible to introduce that same level of paperless convenience into your own business platform. Manual transactions and documentation are inefficient and costly. But cloud computing, digital document management, and other forms of office automation are making it relatively easy for companies to benefit from a paperless workplace.

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Topics: QuickBooks efficiency, Business Efficiency, Growth Coach

How to Protect Your Small Business from Credit Card Fraud

Posted by Leanne Armstrong on Nov 21, 2017 9:00:00 AM

Identity theft complaints nearly doubled between 2010 and 2015, according to the Federal Trade Commission. Meanwhile, fraud incidents including those associated with compromised credit cards reached an all-time high in 2016 – an event that led to a whopping $16 billion dollars in individual losses!

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Topics: Small Business Accounting, Bookkeeping Theft

Is Your Small Business On A Road to Nowhere?

Posted by Matt Roberge on Nov 15, 2017 9:00:00 AM

I spend a decent amount of time in my truck driving by myself in remote places. I think that has something to do with being a fisherman in Montana.

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Topics: Financial Forecasting, Grow Your Business, CFO Consulting, Growth Coach

Want to Know Who You’re Up Against? Conduct a Competitive Analysis!

Posted by Leanne Armstrong on Nov 8, 2017 9:00:00 AM

What makes your business stand out in today’s market? Unfortunately, many entrepreneurs try to answer that question without first finding out what their competitors are up to! Going into business without solid market research and a plan is like trying to build a house without a blueprint.

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Topics: Scaling A Business, Growth Coach, Competition, Competitive Analysis

Why Sales are the Answer to Everything

Posted by Leanne Armstrong on Nov 1, 2017 9:00:00 AM

There’s a very simple reason why sales are so important where small business growth is concerned: sales generate revenue! No matter what industry you’re in, you won’t be in it for long if you don’t have a steady source of income.

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Topics: Sales Advice, Business Sales, Growth Coach

Need Cash? How to Choose Between a Small Business Loan and a Line of Credit

Posted by Leanne Armstrong on Oct 25, 2017 9:00:00 AM

Business loans and lines of credit (LOCs) are valuable sources of capital for your small business. Both offer access to funds that can help your company get going, or get bigger. Either may do away with the need to approach independent investors.

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Topics: Cash Flow, Grow Your Business, Growth Coach, business credit