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Salt Lake City Bookkeeping Blog

How to Streamline Your Restaurant Accounting for Business Growth

Posted by Matt Roberge on Oct 2, 2019 10:00:00 AM

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.

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Topics: Restaurant Bookkeeping, Restaurant P.O.S, Bookkeeping Salt Lake City, QuickBooks For Restaurants, Restaurant Accounting, Restaurant Industry

5 Reasons You Are Losing Money If You Don't Have A Bookkeeper

Posted by Matt Roberge on Nov 10, 2015 7:00:00 AM

If you are looking for a good way to cut costs in your small business, then hiring a bookkeeper should be the first thing that you consider.  Many business owners don’t realize how much money they are losing because they don’t have a good financial tracking system in place. In addition, a decent bookkeeper provides the foundation that you need to save money and improve cash flow.

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Topics: Bookkeeping Salt Lake City, Outsourced Bookkeeping

Small Businesses: Use Your Bookkeeper to Grow

Posted by Matt Roberge on Nov 3, 2015 7:00:00 AM

Grow A Business In SLCDue to continuous software improvements, bookkeeping has become fairly automated, but it can be frustrating to navigate the software.  Both our clients and those of various bookkeeping software products find that it's easier to leave the liability for their books to trusted professionals, rather than risk penalties, or worse, running out of cash and driving their business into the ground. But what does that mean for the average business owner?

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Topics: Bookkeeping Salt Lake City

Why We Offer Small Business Bookkeeping Services

Posted by Matt Roberge on Jun 3, 2015 7:30:00 AM

Did you ever wake up and ask yourself why you do what you do? Why do we offer bookkeeping services to small businesses in Salt Lake City as well as around the country? It's a valid question worth pondering. I'm sure many people have asked themselves a similar question of why they do what they do for a living. Some probably had an epiphany and gave their two weeks' notice that day. Others may have validated their careers to themselves. Yet there are the few that don't ask themselves this question because they are truly doing what they love. Their careers and jobs are not forced, it's a natural fit. So I asked myself why we offer small business bookkeeping services and here is what I came up with.

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Topics: Bookkeeping Salt Lake City, Bookkeeping Services, Small Business Bookkeeping, Grow Your Business, Scaling A Business

Who Makes a Great Client for Our Bookkeeping Services

Posted by Matt Roberge on Nov 17, 2014 7:00:00 AM

Let's face it some clients are just better than others. We have so many great clients for our bookkeeping service and they have a lot of common traits. Not all clients though are a great fit for your service and sometimes it becomes necessary to fire bad clients. It's typically not the fault of the client or the service provider; sometimes it's just not a good fit. Good clients on the other hand are the perfect fit. They produce good revenue in an efficient manner and both sides win. You know when you have a home run fit for your service and you should know how to define your perfect client and then target them. So, who makes a great client for our bookkeeping services?

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Topics: Bookkeeping Salt Lake City, Bookkeeping Services, Small Business Bookkeeping, Grow Your Business

Which Small Businesses Don't Need Outsourced Bookkeeping?

Posted by Joe Mazur on Apr 2, 2014 7:00:00 AM

Believe it or not, some small businesses simply don't need outsourced bookkeeping.  Like all businesses, they still need bookkeeping just not outsourced bookkeeping.  As a virtual bookkeeping firm, we have an ideal client and every once in a while we tell a potential client that we wouldn't be a great fit for them.  The reasons can vary from anything technology driven all the way to company culture.  We've learned it's better to be upfront with prospects earlier on in the sales cycle as opposed to trying to BS them and attempting to get a square peg to fit into a round hole.

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Topics: Bookkeeping Salt Lake City, Bookkeeping Processes, Outsourced CFO Services, Outsourced Bookkeeping

What A Value-added Bookkeeping System Looks Like

Posted by Matt Roberge on Mar 24, 2014 7:00:00 AM

Many small business owners that I talk with complain that their bookkeeping system does not add value to their business.  You should be able to use your bookkeeping as a tool to make key business decisions.  Most owners blame their bookkeeper for the shortcomings of their bookkeeping system.  They claim that their bookkeeper isn't good or doesn't care enough, which definitely could be true.  More likely though is that the owner hasn't clearly communicated what they want from their bookkeeping system.  Setting goals and clearly communicating them with your bookkeeper is a crucial part of developing the right system.  Here are four traits of what a bookkeeping system looks like that adds value.       

Accurate and Regularly Updated

A bookkeeping system has to be updated regularly and accurately in order for it to add value to the business.  Business owners often complain to us that their bookkeeping is behind.  Additionally when they do get reports they are inaccurate due to mistakes made by the bookkeeper in coding.  Common mistakes include general coding errors such coding assets as an expense, using the wrong expense accounts, and not booking the correct principal and interest to business loans.  Your bookkeeper may require some QuickBooks and bookkeeping training in order to get the proper system and bookkeeping basics in place.  Getting behind in your bookkeeping leads to you running your business blind causing you to be unaware of how you are actually doing.  The foundation of accurate bookkeeping is to ensure you are reconciling all of your accounts on a regular basis.  Bookkeepers often reconcile the bank accounts but skip other important accounts that need to be reconciled like credit cards, loans, lines of credit and payroll liabilities.        

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Topics: Bookkeeping Salt Lake City, Bookkeeping Tips, Small Business Bookkeeping, Outsourced Bookkeeping

More Benefits Of Outsourced Bookkeeping In SLC

Posted by Matt Roberge on Jan 3, 2014 7:00:00 AM

We have written a lot of articles about outsourced bookkeeping and have compiled an eBook titled 10 Reasons Your Business Should Outsource Its Bookkeeping.  Outsourced bookkeeping is what we do so obviously we talk about it a lot.  When you outsource your bookkeeping you should make more money.  You should delegate and outsource those tasks that are not your strengths and focus on what you are good at.  If you are not good at selling the service or product that you offer then you might be in the wrong business.  As we continue to work with new clients we are always identifying new benefits to outsourcing your bookkeeping.   

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Topics: Efficient Bookkeeping, Bookkeeping Salt Lake City, Bookkeeping Tips, Outsourced Bookkeeping

Could SLC Bookkeeping Be The Best Thing To Happen To Your Business?

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

Is it possible that SLC Bookkeeping could be the best thing to happen to your business in 2014? A few weeks ago I was talking with a client about a situation. I had recently referred them a service provider for something they had needed help with. Neither I nor the client was happy with the performance or service provided by said provider. I sent a follow up email to the client asking if things had been resolved to their satisfaction. When they told me things still were not going well I apologized for making the introduction. You never want a referral to go poorly. I apologized and told them that I understood that this might reflect poorly on us. The client then informed me that the performance of the person we referred did not reflect poorly on us. In fact the client said “SLC Bookkeeping is the best thing that has happened to us this year. We are particularly impressed and happy with your responsiveness and willingness to help.” It made me think about what we had done for this client to receive such praise.

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Topics: Bookkeeping Salt Lake City, Bookkeeping Help, Financial Reporting, Scaling A Business, Outsourced Bookkeeping

The Real Reasons Your Small Business Bookkeeping Is Behind

Posted by Matt Roberge on Oct 7, 2013 7:00:00 AM

Most small businesses are great at procrastinating their bookkeeping until they really need something from it.  Let's face it bookkeeping is pretty unattractive to most business owners.  Bookkeeping is not sexy, it can be intimidating and for most people it is boring.  Many business owners don't make bookkeeping a priority because they have not been shown how to use their small business bookkeeping as a tool to help them make better business decisions.  Every once in a while a business will need something from their bookkeeping and it can be eye opening.  Examples of when you might need an updated and accurate bookkeeping system are: applying for a business loan, trying to raise money, an investor meeting or filing your taxes.

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Topics: Bookkeeping Salt Lake City, Accounting Services, Bookkeeping Processes, Year End Accounting, Small Business Bookkeeping, Outsourced Bookkeeping, Year End Bookkeeping