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Salt Lake City Bookkeeping Blog

4 Personal Habits Of A Highly Effective Bookkeeper

Posted by Joe Mazur on Jan 6, 2014 7:00:00 AM

Most professionals have traits that they simply can't leave at work.  This is very true for most bookkeepers.   A highly effective bookkeeper usually has habits that make them successful while out in the field as well as at home.  I've always assumed a professional gardener is really good at keeping their yard looking beautiful and I've also assumed that auto mechanics never have car issues since they know what preventative steps need to be taken in order to keep their vehicle in tip top shape.  As a bookkeeper, I've noticed a handful of things that I feel I excel at in my personal life and I feel it is directly tied to my professional bookkeeping career.

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Topics: Personal Bookkeeping, bank reconciliation, Bookkeeping Help, Bookkeeping, Small Business Consulting

5 Ways Monthly Accounting Reconciliation Will Benefit Your Business

Posted by Matt Roberge on Sep 10, 2012 6:59:00 AM

Most business accountants are frustrated to know that at any given time, a company’s banking and financial accounts will show a different balance than the ones that are on record. Accounting reconciliation is a way to keep the balances in sync.

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Topics: bookkeeping challenges, bank reconciliation, bookkeeping needs, Accounting Services Provider, Accounting Services, Accounting Reconciliation, Bookkeeping Help

Don't Have Time For Accounting Reconciliation? We Do

Posted by Matt Roberge on Jul 24, 2012 8:35:00 AM

If you presently operate your own company or plan on doing so sometime soon, it's likely it won't be long before you realize that accounting reconciliation is consuming a large part of your work schedule, that is, if you haven't already. Regardless of if it's a task that you don't mind doing, dealing with the daily financial details is actually an endless process and it may even be preventing you from providing the appropriate amount of attention in other parts of your business.

Thankfully, there are experts in this area that you can seek the assistance of when you want to outsource these continuous tasks!  Whether you look for the help which you require locally or online, with a little research or a referral, chances are you'll be able to locate a reliable company that you can count on. Even if your not currently preoccupied with accounting reconciliation, the advantages of outsourced bookkeeping, surely go beyond simply saving you some precious time. 

Since accounting reconciliation for your company requires ongoing competency and accuracy, this is another good reason to go with an experienced ace that specializes in getting things done correctly. In addition, because it basically involves the comparison of bank records and checkbook balances, organization is absolutely essential. Therefore, if you outsource, all you have to be concerned with is keeping the relevant items in intelligible order and providing them to your pro as needed. 

Whether a business is big, small, or somewhere in between, staying on top of the numbers is absolutely essential. In fact, there are countless companies that have crumbled due to incorrect accounting. Hence, it only makes sense to ensure that these affairs are handled with persistent precision. Additionally, should any kind of accounting error be encountered, as they sometimes are, it's a good idea to have a dependable person on standby that is adept at addressing these problems and also solving them.            

Whether you are certain or unsure if outsourcing your accounting reconciliation would be a good move, it is always recommended to consult with a capable professional, who can of course aid in determining what may be the best sort of service for your business. So, don't worry if you don't have the time for accounting reconciliation, because we do!           

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Topics: Year End Accounting, Year End Bookkeeping, bank reconciliation, Utah Bookkeeping Services, Accounting Services Provider, Accounting Services, Bookkeeping Services, Accounting Reconciliation

Looking For A Small Business Accountant Or Bookkeeper?

Posted by Matt Roberge on Jul 7, 2012 8:21:00 AM

All small companies certainly have specific needs which must be met in order to survive and eventually thrive, yet no matter what type of product is sold or service is provided, one key factor that they all have in common is finances. This is the reason that a competent business accountant or bookkeeper is a very important piece of replace of with to any company's puzzle. 

Of course eliminate of course it's a fact that cash flow can make or break your business. Therefore, dealing with the details, which pertain to this department on a daily basis, requires adequate and professional attention. Although there are computer programs that claim to take care of your typical accounting necessities, they're usually only efficient if the user has sufficient knowledge of them, not to mention that this still takes up a significant amount of time.     

In addition, there are also companies that offer temporary or periodic help with things such as annual taxes, reports, reviews, or reconciliations. Though this can be convenient and economical, there is nothing quite like constantly having an expert in your corner that you can continuously count on. When they're capable and reliable, a good Business Accountant can be trusted to keep track of everything that has to do with your dollars by utilizing their skills and intelligence along with the latest software.   

From payroll processing and tax preparation, to data collection and organization, these are
the types of tasks that a business accountant should not be capitalized can complete so that you can concentrate on other aspects of the company. Bank statements, balance sheets, and budgeting can often impose on your already hectic schedule. Implementing an effective accounting system will ensure that you can finally unwind and have the energy to address other issues.         

Are you currently looking for a small business accountant for your company? If so, or you are simply curious as to what they can do for you, then it would be smart to start by contacting an experienced agency in order to obtain additional advice and information. Remember, a business is bound to operate a whole lot better with a brilliant small business bookkeeper.   

 

 

 

 

 

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Topics: bank reconciliation, bookkeeping needs, Bookkeeping Salt Lake City, Accounting Services Provider, Accounting Services, Bookkeeping Services, Small Business Accountant

Why Audit Your Small Business Bookkeeper

Posted by Matt Roberge on May 15, 2012 8:28:00 AM

A sharp and reliable small business bookkeeper is essential to the success of your company, but can sometimes be difficult to come by. Even if your bookkeeper is highly skilled, they are only human, and errors can be made – whether accidental or intentional. How can you know for sure if your small business bookkeeper is handling your finances with accuracy and integrity? Keep your bookkeeper honest by auditing them before the IRS audits you.

Be Involved

One huge mistake that many business owners make is not staying involved with their accounting. Never grant your bookkeeper the power to sign checks, utilize bill pay, or make withdrawals. This is a managerial task that should be overseen by you. Request to review copies of invoices before signing checks to ensure that they are legitimate. Ask questions of your small business bookkeeper on a regular basis. If you randomly request to see petty cash receipts or review a recent bank reconciliation, they be able to fully explain and account for everything, without hesitation.

Checks and Balances

The importance of utilizing a CPA for a system of checks and balances cannot be stressed enough. First, a CPA is an excellent resource to double check the accuracy of your bookkeeper. Secondly, your CPA is a tax expert, whereas your small business bookkeeper is not. They will be able to conduct a thorough examination of your financial records to ensure that everything matches up with your tax return. A CPA will work closely with both yourself and your bookkeeper to make sure that everything is accurate, and that everyone is on the same page.

Understand Your Software

Reputable programs like QuickBooks are fairly easy to learn and to navigate. When you understand the basics of your company’s bookkeeping software, you will be able to see how often your bookkeeper is updating your finances, reconciling accounts, etc. This will also keep you up-to-date on the cash flow of your company and will enable you to spot check for any discrepancies.

Don't remove yourself from your company’s finances. Working closely with your small business bookkeeper, asking questions, and keeping a good checks and balances system will keep you out of trouble with the IRS, and will enable you to be as successful as possible.

Is your bookkeeper unreliable? Do you need help getting your finances back in order? Feel free to contact us for accurate business and personal bookkeeping assistance.  

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Topics: Small Business Accounting, bank reconciliation, Small Business Bookkeeper, Small Business Bookkeeping, Bookkeeping Services in Utah

Why Is Year End Bookkeeping So Important?

Posted by Joe Mazur on Mar 29, 2012 5:00:00 AM

Most business owners cringe when they think of year end bookkeeping.  Maybe they had a rough time closing their books in years past and maybe they feel it's the only way.  Well, they shouldn't.  Year end bookkeeping should be a breeze, especially if your books are handled in a timely manner throughout the year.  Do you want to not worry about the year as it closes and focus on what's in store for your upcoming business year?  Do you want to spend the holidays celebrating with your family and not stress about your business?  Here's how:

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Topics: Year End Accounting, Year End Bookkeeping, Business Efficiency, bookkeeping challenges, bank reconciliation, Efficiently Using QuickBooks