As the saying goes, "failing to plan is planning to fail". This is never more true than in the world of small businesses. Looking back on the year, there may be many obvious mistakes that have prevented your company from seeing its full potential. In the coming year, there are several crucial steps that will ensure manageable and profitable growth for your small business.
Topics: Small Business Bookkeeping, Bookkeeping System, Outsourced Bookkeeping
As we get closer and closer to year-end most businesses will begin thinking about taxes. One of the most hated words in the business world... taxes. By the time year-end passes and you actually start to think about your bookkeeping and taxes you are too late.
You need to attend to your bookkeeping before year-end and do some tax planning. Updating your bookkeeping and reviewing it prior to year-end is very important as you can actually do something about your tax situation before the turn of the calendar. Here is a must do now checklist for your year-end bookkeeping.
Topics: Year End Accounting, Small Business Bookkeeping, Tax Tips, Year End Bookkeeping
It's that time of year again. Can you sense it? Year-end is just around the corner. The rivers are getting cold, the smell of fall is in the air, snow is starting to show in the mountains and everyone is getting excited for winter (at least our office is).
For many business owners Thanksgiving through Christmas is a time to take a laid back approach to their business. Taking that approach leaves you behind in your business and that is no way to start a new business year. Here is a year-end checklist for the small business owner.
Topics: Small Business Management, Year End Accounting, Small Business Growth, Year End Bookkeeping
As a small business owner, you hear this question all the time: "How's business?"
A very typical response is: "Great, but I'm just so busy."
Most business owners are just busy being busy, but I wonder:
How many of them know how their business is actually doing?
Being busy and being profitable don't necessarily go hand-in-hand. Do you know if your business is growing? Do you have a financial plan in place to accommodate for that growth? Do you spend too much time on payroll and balancing your finances each month? Does year end tax planning give you heartburn? I will explain how an outsourced bookkeeping service can actually help you understand how your business is doing, reduce stress, and plan for growth.
Topics: Financial Forecasting, Grow Your Business, Exit Planning, Strategic Planning
Let's face it, owning a restaurant can be tough...
As you're likely aware, the restaurant industry has very tight profit margins. And that's precisely why developing an efficient and accurate restaurant accounting system is of utmost importance if you want to continue to grow your business.
Topics: Restaurant Bookkeeping, Restaurant P.O.S, Bookkeeping Salt Lake City, QuickBooks For Restaurants, Restaurant Accounting, Restaurant Industry
Long hours, high overhead, wasted ingredients, and difficulty making profits are some of the barriers to success for restaurant owners.
Yet, for those who love the business or who dream of having a place where everyone knows your name, there’s no other opportunity that comes close.
An often neglected aspect of restaurant management is bookkeeping. Unfortunately, once you are behind on your restaurant accounting, it is difficult to get caught up.
The profit margins in the restaurant industry are too tight to let your bookkeeping slip. If you aren't watching your financials closely it may be too late to fix problems by the time you catch them.
This guide will help you understand the basics of what a trained accountant will help with as you develop a reporting and growth plan.
Effective restaurant bookkeeping starts with you. Whether you’re running the accounting services yourself or outsourcing your restaurant accounting, staying on top of the day-to-day bookkeeping is essential to stay ahead of your competition and turn a profit.
Topics: Restaurant Bookkeeping, Restaurant P.O.S, Bookkeeping Processes, Restaurant Accounting
What does it mean to have a “human” workplace? In the past, it wasn’t uncommon for employees to feel like just a cog in the wheel of the company. They were just numbers, and their performance didn’t matter beyond just getting the job done on time. Today, times are changing faster than we would have thought possible in the past.
In a world where it’s increasingly challenging to find top talent, it’s time for a shift in culture. Now, instead of just creating great workers who get the job done, it’s about creating great leaders. Leaders in the workplace come in all shapes and sizes. They take the initiative on projects both large and small, and they’re an asset to any company.
Topics: Business Leadership, Growth Coach
It seems to me that most small business owners number one priority and goal is growth. Everyone wants to grow their small business.
Topics: Financial Forecasting, Small Business Consulting, Scaling A Business, Growth Coach
Did you know that almost every business follows a typical life cycle with regard to what it chooses to sell? The life cycles of products and services illustrate their growing or shrinking market positions, and are usually determined by how long they remain in demand.
Topics: Financial Forecasting, Small Business Growth, Growth Coach
I was recently approached by a business about setting up an automated bookkeeping system before they had even started the business.
Topics: Bookkeeping System, Growth Coach
