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Salt Lake City Bookkeeping Blog

4 Questions to Ask Before Hiring a Small Business Consultant

Posted by Leanne Armstrong on Aug 7, 2019 9:00:00 AM

No matter how well you run your organization, hiring a small business consultant can give your company a powerful edge. The right consultant will not only provide better clarity into how effective your operations are, they’ll help you promote solid business growth through solid business planning.

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Topics: Small Business Consulting, CFO Consulting, Growth Coach

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

Harnessing the Relationship Between Bookkeeping and Business Strategy

Posted by Leanne Armstrong on Jun 6, 2018 9:00:00 AM

Effective accounting strategies are vital for business growth. In fact, gathering, recording, and analyzing your company’s financial information is the best way to gain valuable insight into your short-term and long-term operations.

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Topics: CFO Consulting, Strategic Planning, Growth Coach

What’s the Difference Between Bookkeeping and Accounting?

Posted by Leanne Armstrong on Apr 18, 2018 9:00:00 AM

The terms bookkeeping and accounting are often used interchangeably, but there are some key differences that distinguish one from the other. While both functions play essential roles in managing your company’s finances, it’s important to understand the nature of their relationship, and how bookkeeping and accounting ultimately work together to ensure the success of your business.

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Topics: Outsourced Accounting And Bookkeeping, CFO Consulting, Strategic Planning, Growth Coach

Is Your Small Business On A Road to Nowhere?

Posted by Matt Roberge on Nov 15, 2017 9:00:00 AM

I spend a decent amount of time in my truck driving by myself in remote places. I think that has something to do with being a fisherman in Montana.

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Topics: Financial Forecasting, Grow Your Business, CFO Consulting, Growth Coach

Proof That Small Business Exit Planning Matters

Posted by Matt Roberge on Sep 20, 2017 9:00:00 AM

I've been working on our exit plan lately. Does that mean that we want to sell our business? Absolutely not! So why am I going through the process of exit planning? 

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Topics: Exit Planning, CFO Consulting, Small Business Coach, Growth Coach

Is It Time for Your Business to Hire a CFO?

Posted by Matt Roberge on May 3, 2017 9:00:00 AM

Hiring a CFO is a big decision. CFOs can have a profound impact on your company. However, a CFO also adds to your overhead costs. If you're hiring an in-house CFO, you will have to pay for the recruitment process, salary, training, benefits and many other costs associated with a new employee.

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Topics: Outsourced CFO Services, CFO Consulting

Seeking Success? Start with Small Business Consulting Services

Posted by Leanne Armstrong on Mar 8, 2017 9:00:00 AM

The average entrepreneur has a justifiable belief in their ability to do whatever it takes to run a successful company. After all, they come up with terrific ideas, and launch them as bona fide businesses. But it’s at this point that many business owners become so involved in the day-to-day running of their enterprise, that big picture concerns like financial awareness and long-term planning fall by the wayside.

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Topics: Small Business Consulting, CFO Consulting, Growth Coach

What Are the Differences Between Bookkeepers, Controllers and CFOs?

Posted by Matt Roberge on Mar 3, 2017 9:00:00 AM

Most small businesses and startups need nothing more than a bookkeeper in their earliest phases — someone to keep the accounting records current and to produce basic financial statements. You will eventually need multiple bookkeepers and maybe a tax accountant to keep your books and tax situation in top shape. If you begin to feel the need to secure more complex financing than you might find in a trip to the bank, it’s time to consider the difference between a bookkeeper, a controller and a chief financial officer (CFO).

In larger or more mature companies, each has a specific role to perform. Determining whether your company needs all three will depend on your assessment of the breadth, depth and complexity of your financial needs.

Let’s take a look at the basic definitions of each role.

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Topics: Bookkeeping, Small Business Bookkeeping, Outsourced CFO Services, CFO Consulting

Will Accountants Be Needed In The Future?

Posted by Matt Roberge on Mar 3, 2016 8:30:00 AM

Will Accountants Become Obsolete In The Future Every time I go through the grocery store self-checkout, I always think to myself, "Is this our business 5 years from now? Will accountants even be needed in the future?"

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Topics: Scaling A Business, CFO Consulting, Growth Coach