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Salt Lake City Bookkeeping Blog

Become The Master Of Your Small Business Bookkeeping

Posted by Matt Roberge on Aug 11, 2015 7:30:00 AM

Many business owners don’t see the value in their bookkeeping, so they tend to ignore it. However, once you have been shown the value of the financial aspects of a business, you will then quickly want to master your small business bookkeeping. The following three steps will turn your bookkeeping system from a hindrance into a valuable tool that you can use to grow your business.

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Topics: Financial Forecasting, Financial Reporting, Business Budgeting, Small Business Bookkeeping, Bookkeeping System

Use Your Bookkeeping To Stop Making Stupid Financial Decisions

Posted by Matt Roberge on Jul 21, 2015 7:30:00 AM

Have you ever made a stupid financial decision? Sure, we all have. Remember that ridiculous impulse buy that you made and regretted just a few days later? Those stupid financial decisions really set you back in life as well as in your small business. Here is how to use your small business bookkeeping as a tool to help you to stop making stupid financial decisions. 

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Topics: Financial Forecasting, Financial Reporting, Business Budgeting, Small Business Bookkeeping

Why Small Business Owners Need To Be Part Of Budgeting And Forecasting

Posted by Matt Roberge on Jun 16, 2015 7:30:00 AM

It is essential for a small business owner to be a part of the forecasting and budgeting process. Many small business owners don't take the time to even build a budget or forecast. Even those that do make a budget quite often don't take the time to analyze their actual performance against it, draw some conclusions, and make any necessary adjustments. Here is why every business owner needs to be a part of the budgeting and forecasting process. 

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Topics: Financial Forecasting, Financial Reporting, Business Budgeting

How SLC Bookkeeping Can Help Your Business

Posted by Matt Roberge on Mar 31, 2015 7:30:00 AM

Genuinely helping people in business goes a long way. Business owners often ask us how we can help them. One question we hear regularly is "Exactly what do you do?" We try and help businesses in different ways. Our blogs are intended to teach you how to do bookkeeping, how to grow your business, and how to efficiently run your business. Be honest with yourself; does your business sell or help? The answer is both, right? However, if you genuinely try and help people your business will thrive. Here are four ways SLC Bookkeeping can help your small business.

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Topics: Financial Forecasting, Business Budgeting, Small Business Bookkeeping, Small Business Growth, Scaling A Business

8 Things our Small Business Needs to Succeed

Posted by Matt Roberge on Feb 24, 2015 7:30:00 AM

There are certain things every small businesses needs in order to succeed. I could make this list incredibly long but wanted to keep it to the essential items that have helped us succeed. Please note that in this article I am referencing a small service based business. Here are the 8 critical necessities for our small business to succeed.

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Topics: Business Budgeting, Small Business Growth, Scaling A Service Business, Scaling A Business

How Deep Do You Dive In To Your Budget?

Posted by Joe Mazur on Feb 19, 2015 8:00:00 AM

 

So you and your bookkeeper built your business's budget last year. Now what?  Since Q1 is more than half way over, it's time to start using your budget if you haven't already.  The question is, how deep in your budget do you explore?  Since there are so many different ways to make use of your budget, it makes sense to play with it a lot until you can put your finger on what exactly is relevant to you and what is not.  Some owners may look at variances as a dollar amount, percentages, or both.  Others may look at overall expenses as opposed to the details.   Budgeting is meant to be a helpful tool for dealing with your business's future, it's not meant to be overwhelming or scary.  Make sure you have the time to review or the proper team in place to help you with this.  Using your budget the right way will allow for growth and measured results. 

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Topics: Business Budgeting, Scaling A Business

January is not the Time for Bookkeeping

Posted by Matt Roberge on Jan 29, 2015 7:30:00 AM

A bookkeeping service is telling you that January is not the time for bookkeeping. Really? Why would we send this message? The truth is that we really believe that January is not the time to be focusing on your bookkeeping. However, many small business find themselves ensconced and overwhelmed by their bookkeeping and taxes in January, and typically continuing into the spring.

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Topics: Financial Forecasting, Financial Reporting, Business Budgeting, Small Business Growth, Grow Your Business, Year End Bookkeeping

Why Most People Suck At Managing Their Finances

Posted by Matt Roberge on Jan 8, 2015 7:16:00 AM

Most people are not very good at managing their finances. People that develop poor personal financial habits typically let those habits affect the management of their business finances. As Americans we live in a world where debt is acceptable and many people adapt the habit of living beyond their means. Many bad financial habits are handed down from people’s upbringing. Other bad money habits are developed due to the influence of the society we live in. Here are a few reasons people suck at managing their finances and how to break those habits. 

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Topics: Financial Forecasting, Financial Reporting, Business Budgeting, Small Business Growth, Grow Your Business, Business Mentoring

How to Grow Your Small Business Out of Business

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

As a small business owner you want to know how to grow your small business right? Some business owners are content with the current state of their business, but for the most part small business owners always want to grow. The reason that most small businesses fail is because they don't plan for growth. They don't go through the appropriate analysis to see what affects their growth plans will have on their bottom line. They dive in and let their passion for their business and their ideas blind them. Before they know it they are out of business. It is possible to grow your business out of business. Below you will find the common reasons a business grows without a plan and inevitably goes out of business.

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Topics: Financial Forecasting, Business Budgeting, Small Business Growth, Small Business Consulting, Grow Your Business, Small Business Sales

Finding the Time for Your Small Business During the Holiday Season

Posted by Matt Roberge on Dec 10, 2014 7:18:00 AM

It can be really difficult to find time for your business during the holiday season. Many people focus on other things during the holiday season; and for good reasons. It is a great time to kick back, relax, and enjoy time with your friends and family. However, ignoring your business in between Thanksgiving and Christmas can be detrimental to the success of your business. There are so many important business tasks you need to accomplish prior to year-end and when they don't get done lack of time is typically to blame. You need to make sufficient time for your business during the holidays and here is what you should be focusing on.

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Topics: Financial Forecasting, Business Budgeting, Strategic Planning, Year End Bookkeeping