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Salt Lake City Bookkeeping Blog

Danger! Beware Of Do It Yourself Bookkeeping

Posted by Matt Roberge on Sep 2, 2013 7:00:00 AM

I'm always a bit concerned with the business owner taking the do it yourself bookkeeping approach.  It is not that I think handling your own business bookkeeping is a bad idea, but not seeking help is.  If a business owner wants to handle their own bookkeeping I always highly recommend that they at least consider our QuickBooks and bookkeeping training services.  With general guidance we can teach you how to handle your bookkeeping on your own.  It is much easier to set up and train someone on handling their business bookkeeping than it is to fix the mistakes they most likely will make on their own.  I do recommend that owners learn some bookkeeping basics as it helps them understand financial statements as they grow.  However, I very rarely advise someone to attempt their bookkeeping without some professional assistance.  Here are a few things to consider before you attempt your bookkeeping on your own.  

Opportunity Cost

Unless you are a bookkeeper by trade then you are not a bookkeeper.  If you went to school for business you most likely took a few general accounting classes, but are you really ready to handle your own bookkeeping? As a small business owner your focus should be on growing your small business.  You need to consider the opportunity cost of attempting to handle your own bookkeeping.  Are you actually going to save money by handling your own bookkeeping? Is your time better spent handling other growth oriented tasks? Are you really willing to make mistakes from decisions off of inaccurate financial reports?  

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Topics: Do It Yourself Bookkeeping, Outsourced Bookkeeping, Bookkeeping Training, Small Business Bookkeeping, QuickBooks Consultant, QuickBooks Training

3 Options To Finally Get Your Bookkeeping Done

Posted by Matt Roberge on Aug 21, 2013 7:00:00 AM

I see small businesses struggle every day with getting their bookkeeping done.  Common reasons include lack of time, lack of motivation, lack or experience and lack of desire.  For one reason or another small business bookkeeping gets the back burner.  I have found that the real reasons business owners let their bookkeeping slide is because they are intimidated by it, they don't have the knowledge to do it themselves or they don't want to spend money.  Somehow the bookkeeping always gets done or at least the taxes do.  When a small business owner is shown how a good bookkeeping system can help grow their business, their attitude totally changes.  Here are three options to finally get your bookkeeping done correctly and keep it updated regularly.  

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Topics: Do It Yourself Bookkeeping, Outsourced Bookkeeping, Bookkeeping Training, Small Business Bookkeeping, QuickBooks Consultant, QuickBooks Training

11 Signs Your Bookkeeper Might Suck

Posted by Matt Roberge on Feb 1, 2013 7:28:00 AM

My Bookkeeper Sucks There are a lot of bad bookkeepers out there, no doubt about it. We often get calls from distressed business owners who just lost their bookkeeper and they are worried. Once we get involved with the bookkeeping, we often find that the bookkeeper leaving (voluntarily or not) is the best thing that ever happened to the business. Here are a few signs that your bookkeeper might just plain suck at their job.  

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Topics: Small Business Bookkeeper, Bookkeeping Tips, Bookkeeping Training, Bookkeeping Help, Business Bookkeeper, Bookkeeper

Outsource Your Bookkeeping Services To Us To Prevent Theft

Posted by Joe Mazur on Dec 24, 2012 7:55:00 AM

Not sure why, maybe I'm naive, but I'm always stunned when I hear of a bookkeeper or treasurer stealing money from the firm they are working for or volunteering for.  Without the proper checks and balances put in place, your bookkeeping system could be set up to allow for theft and pilferage, and it could be happening right in front of you.  In the past few weeks, I've come across a few different stories of businesses and non-profits getting taken for a ride.  One story came from my hometown in upstate New York and the other from where I currently reside, which is here in Utah.   I feel situations like these can be avoided if the proper time and effort is put into building a strong bookkeeping system and utilizing the checks and balances that are associated with this.  As a business owner or manager, you want to be able to whole heartedly trust the person managing your money and you want to be able to identify areas where money can disappear.  If you don't, then you might want to take the necessary steps in changing that.

Empower Your Bookkeeper

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Topics: Bookkeeper dishonesty, Outsourced Accounting, Bookkeeping Training, outsourcing bookkeeping, Bookkeeping Help

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?  

 

Click me

 

 

 

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

Why Bookkeeping Training Is Worth Every Penny

Posted by Matt Roberge on Aug 9, 2012 7:59:00 AM

Running a small business is a 24/7 job and if you’re like most small business owners, or faithful employees, you run on a pretty tight schedule. There isn’t much time for things like long breaks and small talk, much less financial mistakes. In order for a business to continue to grow and become more successful, every dime must be accounted for each and every day. However, finding time to sit down and keep up with the books is about as realistic as finding time for a month long trip to the Caribbean.

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Topics: Efficient Bookkeeping, Bookkeeping Salt Lake City, Salt Lake City Bookkeeping, Bookkeeping Services in Utah, Bookkeeping Training, Business Bookkeeping

Does Your Office Manager Need Bookkeeping Training?

Posted by Matt Roberge on Jun 26, 2012 8:06:00 AM

You've got yourself a savvy office manager who keeps everything running smoothly. Work gets done and your business is doing very well, but, there is one hang-up with the office manager: he or she isn't trained as well in bookkeeping as you'd like them to be. No worries, bookkeeping isn't exactly something dedicated to be taught and it only takes practice and experience in training courses to get better. So, if your office manager needs some bookkeeping training, don't fret, Salt Lake City Bookkeeping has got you covered.

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Topics: bookkeeping challenges, Bookkeeping Salt Lake City, Salt Lake City Bookkeeping, Bookkeeping Services in Utah, Bookkeeping Services, Bookkeeping Training, QuickBooks Tips Blog