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Salt Lake City Bookkeeping Blog

Keep Your Bookkeeping Investor Ready

Posted by Joe Mazur on Apr 29, 2013 6:57:00 AM

As bookkeepers, we often work with businesses that have goals to grow their book of business and seek investors or someday sell to investors.  This isn't possible unless every
transaction is tracked and handled a certain way.  I'm always amazed at the different mindsets we encounter when talking with business owners.  Some treat their business as a hobby and tend to not take it serious while some treat their business very serious and understand it needs to be 100% accurate at all times in order to scale.  After talking investors and CFO firms, I've learned that it's always better to be in this ready mindset and not be caught off guard by not being ready to show an investor your books.  I've come up with a few areas that all small businesses should focus on if they someday want to present their books to investors. 

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Topics: Business Efficiency, Small Business Accounting, Business Bookkeeping, CEO Advise, Cash Flow Management, Investor Bookkeeping

Holding Everyone Accountable In Your Small Business

Posted by Joe Mazur on Nov 30, 2012 8:21:00 AM

Being a manager for a small business can sometimes feel like you are sitting in the captain's chair.  Holding everyone accountable in your small business can have some adverse results if handled incorrectly.  Will your ship crash if you take your hands off the controls?  Being bookkeepers, we get to see a lot of different businesses practices from working on such a wide variety of industries.  The reoccurring theme we usually see from both our clients and from our own books is holding everyone accountable.  I'm talking yourself, employees, vendors, and sometimes your customers.  With these areas held to the highest standards, you are really setting yourself up for success.  You are able to accurately grow, obtain short term and long term goals, and predict the future for your business.

Holding Vendors Accountable

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Topics: Sales Advice, Accounting Services, outsourcing bookkeeping, Bookkeeping Help, Small Business Growth, CEO Advise, Consulting