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Salt Lake City Bookkeeping Blog

5 Stages Of Small Business Bookkeeping Understanding

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

Small business owners have many varying degrees of understanding when it comes to their small business bookkeeping. Some business owners are intimidated by their bookkeeping, while others just don't care about it. Many business owners don't understand their bookkeeping or the importance of it until someone shows them. Working with hundreds of small business owners over the years has shown us the varying degrees of understanding that owners go through with their books. Here are five stages of small business bookkeeping understanding that you can use to enhance your understanding of your own business's books.

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Topics: Bookkeeping Tips, Financial Forecasting, Financial Reporting, Small Business Bookkeeping, Bookkeeping System, Outsourced Bookkeeping

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