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Salt Lake City Bookkeeping Blog

The Lighter Side of Bookkeeping: 5 Fun Facts You Probably Never Knew

Posted by Matt Roberge on Nov 4, 2016 9:00:00 AM

Think bookkeeping is all work and no play? It’s true that accounting doesn’t always make the biggest splash when it comes to exciting careers, but you might just find yourself delightfully surprised by the rather unexpected side of this suit-and-tie industry. Here are 5 fun facts to keep you entertained the next time you sit down to tackle your own small business bookkeeping.

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Topics: Bookkeeping Business, Bookkeeping Blog, Bookkeeping Service, Business Accountant

Bookkeeping for Small Business Owners

Posted by Joe Mazur on Oct 12, 2016 9:00:00 AM

From running payroll to tracking down receivables and calculating the value of inventory, ask any small business owner about bookkeeping and you’ll probably hear plenty of complaints. But learning basic accounting best practices is a great way to keep your books ready for potential investors and the IRS, if they should ever come calling.

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Topics: Bookkeeping Business, Small Business Bookkeeping, Small Business

The Power of a Good Small Business Consultant

Posted by Matt Frisbie on Oct 6, 2014 7:00:00 AM

As a consultant myself I understand the level of expertise you can bring to those who are in need of your services. We perform marketing services and strategy for many small businesses and what I see in almost every situation is the enormous weight we lift off of the shoulders of our clients. At our agency, Chief MO, we market for the brave. Essentially, we market for those who are ready to make significant change in their business. We build short and long term marketing strategies and then execute upon them. We create insane focus for our clients which not only keeps their eye on the ball, it makes them great at it. 

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Topics: Accounting Services, bookkeeping challenges, Bookkeeping Business, Small Business Bookkeeping, Bookkeeping Pains, B2B

A Bookkeeping System Built For Scaling

Posted by Matt Roberge on Mar 6, 2013 7:05:00 AM

A recurring theme for me lately has been scaling a small business.  The last few referrals I have dealt with were small businesses that wanted to scale up.  They understood how to grow their particular business; they just didn't know how to set up a bookkeeping system to support scaling.  It can be difficult to set up a small business bookkeeping system that supports massive growth.  The problem is that small businesses tend to be "do it yourselfers."  Funds are usually tight so implementing a bookkeeping system that will support growth can be difficult.  Here are a few ideas I have on designing a bookkeeping system that supports scaling. 

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Topics: Small Business Bookkeeper, Bookkeeping, Bookkeeping Business, Small Business, Entrepreneurship, Scaling A Service Business

How Remote/Virtual Bookkeeping Can Benefit Your Business

Posted by Matt Roberge on Dec 21, 2012 7:18:00 AM

As technology advances more businesses are considering using a remote bookkeeping service.  For some businesses the idea of a virtual bookkeeper is new and scary, while for others remote bookkeeping truly just won't work.  For those businesses that entertain the idea of virtual bookkeeping they soon realize the benefits of using a virtual bookkeeping service.  

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Topics: Small Business Bookkeeper, Bookkeeping, Bookkeeping Business, Remote Bookkeeping, Bookkeeper, Virtual Bookkeeping, Business Savings

Three Pros and Cons Of Self-Employment From A Bookkeeper

Posted by Matt Roberge on Dec 7, 2012 7:18:00 AM

Pros and Cons of Self Employment As a small business entrepreneur, you learn the pros and cons of self-employment pretty quickly. It can be a roller coaster ride with huge highs and deep lows. Here are some of my thoughts about the truth of being self-employed.   

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Topics: Business Bookkeeping, Bookkeeping Business, Business Ideas, Self Employment, Salt Lake City Bookkeeping, Small Business Accountant

Everyone Does Bookkeeping So How Do You Stand Out?

Posted by Matt Roberge on Dec 5, 2012 7:22:00 AM

I got put in my place by my CPA a few weeks ago when he said and I quote, “bookkeeping is one of those tough businesses because everyone does it.” When I asked for clarification he simply replied, “Everyone has a friend or a family member that does bookkeeping.” It made me feel small. It made me want to change careers because I felt like there was no hope for success.  So how do you succeed when faced with so much competition?

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Topics: Business Bookkeeping, Bookkeeping Business, Business Ideas, Business Sales, Bookkeeping Companies

Financial Troubles: Cut Expenses Or Increase Sales?

Posted by Matt Roberge on Dec 3, 2012 6:51:00 AM

When a business starts having financial troubles it seems that everyone’s first instinct is to cut expenses. I tend to disagree with this mindset. The reason I disagree is I would be more concerned with increasing revenues than I would be with cutting expenses. I feel that a business should always be operating under expenses that are paid attention to and controlled. If a business is not operating under a budget then it is a business that is already out of control. Those businesses that put a budget in place and stick to it have no choice when faced with financial issues; they must increase sales or go out of business.

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Topics: Cash Flow Management, Bookkeeping Business, Financial Forecasting, Business Budgeting, Sales Advice, Business Financial Troubles, Sales, Business Sales

Why Your Business Should Consider A Part Time Bookkeeper

Posted by Matt Roberge on Nov 23, 2012 6:24:00 AM

There are many reasons to consider a part time bookkeeper. A bookkeeper with the proper training and
experience can make an enormous difference in the efficiency of a business. Look at what a part time bookkeeper can do for your business.

As a business owner you wanted to do something you are not only really good at but also love. When you have a small business the bookkeeping becomes a chore. To get your business up and running you need to focus the majority of your time and effort on the core of your business and its growth, not always buried in the bookkeeping. Often the bookkeeping falls to the owner or an over worked office manager. This situation can cause errors and considerable problems down the road. You need a confident person who understands how bookkeeping works to handle the bookkeeping for your business. The bookkeeping needs to be a priority for your business not something that gets done when you have a few spare minutes or it can't be put off any longer.

A business owner may realize that they don't need someone full time. A part time bookkeeper could be the answer. A trained and qualified bookkeeper can help set up an accounting system so that your office paperwork flows smoothly and efficiently. With the right bookkeeping training, the right person can make sure the books are being kept properly and that necessary controls are in place. 

When you have financial information you can really be sure of decisions can be made with confidence. It is
hard to plan for the future when you don't know where you are right now. With the valuable information a part time bookkeeper can provide, you can make plans to grow and expand your business. No more distractions with thoughts of,  "was this done right or how good is this number", you will know where you stand.
 
When you do not have enough work for a full time bookkeeper the answer is a part timer. There are a number of qualified people who are looking for part time work. The cost saving of getting a qualified person to work for only the time you need them is considerable. 

Some businesses can keep a part time bookkeeper for years before needing any more help. What can a qualified part time bookkeeper can do for your business?  

 

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Topics: Bookkeeping Tips, Bookkeeping Training, Bookkeeping Business, Utah Bookkeeping Services, Part Time Bookkeeper

Outsourced Bookkeeping Should Not Scare You

Posted by Matt Roberge on Nov 16, 2012 7:38:00 AM

There are a lot of positive reasons to consider an outsourced bookkeeping service. The bottom line is that
every business needs to be sure that they have accurate financial records. If they do the work in house the business owner needs to be absolutely sure that the work is done correctly. 

One huge advantage to using an outside service is the cost savings. The time and effort to locate a qualified bookkeeper, hire, pay and provide benefits is a huge cost not only in money but in time. After going through all of that what if the bookkeeper leaves for another job? You are right back to starting over again. Using an outside bookkeeping service allows the business owner to focus on the core business not the bookkeeping.

Another advantage to an outsourced service is you will have access to their expertise. Good bookkeeping services hire and retain the most qualified staff. They know that this is their business and they make sure they have the personnel in place to handle the work you need done.

Because they have a trained staff they have timely turnaround on the work being done. They will file tax reports on time, meet deadlines and make sure your business runs smoothly. An outsourced bookkeeping service will be sure to have the latest technology.

One more reason not to be scared of an outsourced bookkeeping service is that you have no worries about back ups. Your files are secure and safe so no matter what happens to your physical location your records are safe. 

Having an outsourced bookkeeping service can reassure the users of your financial statements that they are
being done in accordance with all accounting principles. These services make sure that they have the necessary information to provide an accurate and unbiased financial picture of your business. This also takes the burden of double-checking that an employee is not stealing from your company out of the question. 

Keeping your financial picture confidential is a really good reason to use an outsourced bookkeeping service. An employee handling this information could let sensitive information slip out. The service will maintain the highest level of confidentiality for your business.

There is no reason to be afraid of an outside service for your bookkeeping needs. These firms can provide you with everything already mentioned and peace of mind that your business is in excellent hands.  

 

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Topics: Bookkeeping Services, Outsource Bookkeeping, Business Bookkeeping, bookkeeping needs, Bookkeeping Help, Bookkeeping Business, Outsourced Bookkeeping