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Salt Lake City Bookkeeping Blog

Christina Whalen

Recent Posts

Crafting A Chart Of Accounts For A Small Business

Posted by Christina Whalen on Oct 1, 2015 7:00:00 AM

Setting Up QuickBooks Chart Of AccountsThe Chart of Accounts is the initial building block of any accounting system. No matter what kind of business you are a part of, there is always a key group of accounts that encompass all of the financial transactions that happen in a business. 

Customization is the next step to building out a brilliant Chart of Accounts. From there, the Chart of Accounts will get tailored with three key players in mind: the owner, the CPA, and the bookkeeper.

In the words of SLC Bookkeeping's COO Alex Viau, the most important facet to keep in mind is to KISS... "Keep it simple, stupid."

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Topics: QuickBooks Tips, Bookkeeping Tips

Why MindBody is the All-In-One Fitness Club Tool

Posted by Christina Whalen on Sep 22, 2015 7:30:00 AM

Managing the operations of a yoga studio, gym, or spa is no easy task. With the door open to customers seven days a week; you need all of the help you can get. Coordinating compatibility between a front-end POS software and back-end project management software, and then adding scheduling can be complicated. MindBody Software is an effective tool for both customer-facing and internal processes, acting as a scheduling tool for your customers, a POS system, a payment processor, and a customer relationship management tool. And not only is MindBody all of these things, but it is a leader in its industry.

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Topics: Daily Sales Summary, Mindbody Bookkeeping

4 Benefits Of A POS Generated Sales Report

Posted by Christina Whalen on Sep 8, 2015 7:30:00 AM

If you have a cash register, there is an inherent liability that goes along with it: the cash could disappear. When money is changing hands, there is a higher risk of both theft and mistakes. That is why having a third-party review your bookkeeping is invaluable to business owners.

By having a point of sales (POS) system recording each transaction, you can have peace of mind that, yes, this is how many sales were made and here is the money in the register to prove it. Tracking the sales and comparing your cash deposits is a way to make sure that your employees aren't stealing from you.

Having unbiased sales reports on the back-end is the best way to track what's happening in your store front.

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Topics: Daily Sales Summary, Cash Flow Management

Real Estate Bookkeeping For Dummies

Posted by Christina Whalen on Aug 25, 2015 7:30:00 AM

 

I am a nerd and I love puzzles. That's why I love handling real estate bookkeeping, because there are so many moving parts that you have to figure it out, like a puzzle. If you are a real estate agent, you know that the bookkeeping can be complicated and has stringent state regulations. Because of all of these regulations, the accounting can get technical and sometimes tedious, but it doesn't have to be if you have the right systems in place. 

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Topics: Small Business Bookkeeping, Grow Your Business

Why Working For A Small Business Is Better Than Corporate America

Posted by Christina Whalen on Aug 6, 2015 7:30:00 AM

Moving to Utah from Vermont was an opportunity for me to launch my career as a young professional. With an Accounting Degree in my back pocket, I came to a crossroads that I think many people have encountered before. In front of me were two offers: one from SLC Bookkeeping, a small but growing company, and another from Goldman Sachs, one of the giants of the investment banking world and the epitome of Corporate America. After putting a lot of thought into it, I passed up a hefty paycheck and being able to put the Goldman Sachs experience on my resume. And let me tell you, after that I have never looked back, because working for a growing small business rules. 

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Topics: Small Business