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Salt Lake City Bookkeeping Blog

How to Simplify Your Small Business Tax Record Keeping

Posted by Leanne Armstrong on Mar 13, 2019 9:00:00 AM

Maintaining a complete and organized set of records for tax purposes is one of the most important aspects of your small business bookkeeping. Not only does it let you optimize tax deductions, it helps streamline the audit process and prevent costly tax penalties. Simplifying your business tax record keeping comes down to one fundamental task: gathering, documenting, filing, and reporting the right paperwork.

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Topics: Tax Preparation For Year End, Tax Compliance, tax planning, Bookkeeping Service

Top Reasons to Stop Using a Personal Bank Account to Run Your Business

Posted by Leanne Armstrong on Mar 6, 2019 9:00:00 AM

Regardless of the size of your company, deciding to open a business bank account shouldn’t be a question of if, but a matter of when. In an ideal bookkeeping world, every company would open a business account before conducting their first commercial transaction. But if you’ve yet to separate your company’s payables and receivables from your personal bank account, it’s never too late to make that happen.

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Topics: Personal Bookkeeping, Outsourced Bookkeeping, Bookkeeping Service

5 Commonly Overlooked Bookkeeping Tactics

Posted by Leanne Armstrong on Jun 13, 2018 9:00:00 AM

Whether you’re new to business, new to bookkeeping, or just want a refresher in strategic accounting, there’s a lot to be said for exploring the bookkeeping tactics most likely to enhance your company’s performance.

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Topics: CFO Consulting, QuickBooks Online, Bookkeeping Service

Source Documents: What They Are and Why Your Bookkeeper Needs Them

Posted by Leanne Armstrong on May 30, 2018 9:00:00 AM

Source documents are any original financial records that serve as a paper trail to support your bookkeeping transactions. These documents may include – but are not limited to – company purchase orders, packing slips, and supplier invoices, cancelled checks, cash receipts, and employee time cards.

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Topics: Small Business Bookkeeper, Bookkeeping Service, Receipt Management

Do You Need a CPA? Find Out How to Choose the Right One

Posted by Leanne Armstrong on Jan 24, 2018 9:00:00 AM

Every business, regardless of size, needs a trusted advisor to help with the planning and achievement of financial goals. As strategic business consultants, Certified Public Accountants (CPAs) have the advanced training and experience necessary to advise on a variety of tax and accounting matters.

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Topics: Tax Compliance, CPA, Bookkeeping Service

8 Qualities to Look for When Choosing Your Small Business Bookkeeper

Posted by Leanne Armstrong on Jun 13, 2017 9:15:00 AM

Choosing a professional bookkeeping service is one of the easiest ways to help your small business grow! Every company, regardless of size, must accurately track and report the money flowing in and out of its accounts by way of sales, expenses, and salaries, but many entrepreneurs lack the knowledge and experience necessary to make this happen.

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Topics: Small Business Bookkeeper, Outsourced Bookkeeping, Bookkeeping Service

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

How To Find Bookkeeping Services For Your Small Business

Posted by Matt Roberge on Oct 17, 2016 9:00:00 AM

If you are like many small business owners, bookkeeping is probably not your top priority. In fact, I'm willing to bet that you don't like the task of bookkeeping at all. I am sure that, for some, the word even makes you cringe.

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Topics: Bookkeeping Services, Small Business Bookkeeping, Outsourced Bookkeeping Services, Bookkeeping Service

Business Accounting: Hire a Bookkeeper Service or an Individual?

Posted by Matt Roberge on Jul 6, 2016 8:30:00 AM

When you assess your business accounting needs, you have some choices: ignore them, do them yourself, find an outsourced bookkeeping service, or hire an individual. 

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Topics: Part-time CFO Services, Hire A Bookkeeper, Outsourced Bookkeeping Services, Bookkeeping Service

Small Business Bookkeeping: 7 Problems Solved With An Efficient System

Posted by Matt Roberge on Aug 28, 2013 7:00:00 AM

SMALL BUSINESS BOOKKEEPINGNo doubt about it, every small business has its share of problems. But most of all, business owners complain about their lack of time.

It's a constantly recurring theme. Business owners want to keep their books updated, but they just don't have the time. So they do what comes easiest- slide their small business bookkeeping to the back burner.

That’s where we come in…

It’s very rewarding to have clients who understand how to use the bookkeeping system we’ve built and maintained for them. With our systems they have more time to focus on what really matters- making their business grow.

In my experience, it’s really not a lack of time that keeps a small business from staying up to date with their books, but rather an inability to manage it. I could give you a million excuses why I don't want to do our books or post blogs on a consistent basis. But I manage my time and make it all happen.

Here’s a simple truth for running a successful small business…

You have to find a way to dedicate time to updating your books on a consistent basis so the bookkeeping system can do its job.

The upshot?

Up-to-date bookkeeping will help owners overcome the worrisome obstacles most small businesses face.

Here are 7 problems most small businesses encounter and how a proficient bookkeeping system will help solve them…

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Topics: QuickBooks, Bookkeeping System, Bookkeeping Service, Business Accountant