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Salt Lake City Bookkeeping Blog

Your Small Business Has Overdue Accounts? Try These 5 Tips To Collect

Posted by Leanne Armstrong on Dec 23, 2016 9:00:00 AM

Money owing from customers in the form of accounts receivable is one of the biggest contributors to your company’s cash flow. While business success hinges on having positive cash flow activity - where there’s more money coming in than there is going out - the money that flows into your business can’t really be counted as income until it becomes cash-in-hand.

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Topics: Accounts Receivable, QuickBooks Accounts Receivable, Cash Flow Management, Growth Coach

Cash Flow: The Secret Small Business Killer

Posted by Matt Roberge on May 10, 2016 8:30:00 AM

Properly managing your small business cash flow is critical if you want to succeed. Even if you are just a startup with no revenues, but you have raised money, cash flow is still incredibly important.

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Topics: Cash Flow Management, Accounts Receivable, cash flow forecasting, Financial Forecasting, Cash Flow

5 Benefits of a Good Invoicing System for Your Small Business

Posted by Richard Haralson on Oct 27, 2014 7:00:00 AM

Let's face it, you are in business to make money and a good invoicing system is key. You provide a service to your client in exchange for money. I once heard that money is a certificate of service rendered. Well if that is the case, you are in business to get clear and correct certificates for your service. Your clients likewise want clear and correct service.

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Topics: Accounting Reconciliation, Accounts Receivable, QuickBooks Invoicing, Invoicing, QuickBooks Payments, quickbooks AR

5 Simple Ways To Control Your Accounts Receivable

Posted by Matt Roberge on Sep 29, 2014 7:00:00 AM

Controlling accounts receivable is a challenge for any small business owner. You are so relieved and happy when you make a new sale and you send out an invoice. The problem is sending an invoice is only half the battle; you still need to get paid. I don't consider a new client closed until funds have been received and cleared the bank. Managing cash flow is so important for a small business so you need to stay on top of it. Controlling your accounts receivable is a great way to help maintain a healthy cash flow. Here are five ways to control your accounts receivable. 

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Topics: Accounts Receivable, Cash Flow, Cash Flow Management, QuickBooks Invoicing, Email QuickBooks Invoices

How Good Bookkeeping Increased A Colleagues Cash Flow

Posted by Matt Roberge on Apr 14, 2014 7:00:00 AM

I was having lunch with a business colleague of mine a few weeks ago when he told me how much changing his bookkeeper had helped him.  He had been dealing with incompetent bookkeepers for a while and finally found someone good.  He said something that really stuck with me, "just getting a good bookkeeper doubled my cash flow."  It made perfect sense to me as I use QuickBooks as a tool to manage cash flow.  Cash flow is something that many small businesses struggle with and just by actually handling your bookkeeping the right way cash flow can really be improved.    

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Topics: Accounts Receivable, Cash Flow, Small Business Bookkeeping, Cash Flow Management

3 Common Challenges For A Service Business And How To Solve Them

Posted by Matt Roberge on Jan 15, 2014 7:00:00 AM

We work with a lot of small businesses and I have noticed some commonalities in the challenges that they all face.  I particularly can speak to service based businesses as we are one and have faced and still face all of these challenges.  I noticed that although product based businesses face similar challenges their resolutions are different.  Here are three common challenges I see serviced based businesses face and how to overcome them.

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Topics: Networking, Small Business Growth, Inbound Marketing, Accounts Receivable, Scaling A Business, QuickBooks Cash Flow, Cash Flow Management, Business Process

Three Things Your Accounts Receivable Can Tell You About Sales

Posted by Rick Roberge on Nov 22, 2013 7:00:00 AM

Rick Roberge frequently comments on this blog.  He's been a salesman for decades, but is recognized as an early adopter of tools, technology and techniques that help salespeople sell more effectively. He shares freely and has helped develop many 21st Century Sales Rock Stars. In his own words...

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Topics: Sales, Sales Advice, Small Business, Accounts Receivable, Small Business Sales

5 Things I Would Demand From My Bookkeeping System

Posted by Matt Roberge on Jul 31, 2013 7:00:00 AM

As a small business owner you need to know how to get the most out of your bookkeeper. If handled properly your bookkeeping system can be a tool that you can use to make decisions and grow your business. In order to have a bookkeeping system that you can actually use you need to know what you need. Here are five things I would demand from my small business bookkeeping system.

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Topics: QuickBooks, QuickBooks Reconciliation, Financial Forecasting, Cash Flow Management, Accounts Receivable, Cash Flow, Bookkeeping Tips, Small Business Bookkeeping, Financial Reporting, Accounts Payable

8 Small Business Bookkeeping Blunders During Startup

Posted by Matt Roberge on Jul 24, 2013 7:00:00 AM

Running a bookkeeping consulting firm geared towards small businesses teaches you a lot about business startups. We see all sorts of missteps, whether it is right from the beginning or several years down the road. It is very rare that a business will do everything right during the startup phase. The list of tasks that need to get done to get your business up and running can be overwhelming. No matter how experienced you are in business you can’t be an expert in every facet of launching a business. It is amazing to me how reluctant people are to ask for help during the startup phase of a business. I think many people have the mindset to get their business launched by spending as little money as possible. However, this approach often leads to costly mistakes, which are more expensive in the long-run. It is usually much cheaper to pay someone to do something correctly the first time rather than pay them to fix your mistakes in the future. Here are 8 common bookkeeping mistakes I see new businesses make when starting their business.

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Topics: Bookkeeping Theft, QuickBooks Reconciliation, Bookkeeping Services, Bookkeeping Processes, Accounting Reconciliation, Bookkeeping Help, Accounts Receivable, Financial Reporting, Bookkeeping Errors, Accounts Payable

How To Manhandle Cash Flow In A Service Business

Posted by Matt Roberge on May 17, 2013 7:30:00 AM

Cash flow is extremely important and sometimes tight for a small service based business.  For a service based business the major concern is typically having enough money to cover payroll.  When delivering services as your main source of income then the majority of your costs are in payroll expenses.  Therefore, you need to figure out a way to keep cash flow healthy and also predict expenses.  Here is my guide on how to control cash flow as a small business.  

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Topics: QuickBooks Tips, Cash Flow Management, Accounts Receivable, Cash Flow, QuickBooks Cash Flow