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Salt Lake City Bookkeeping Blog

Why I Handle My Own Bookkeeping

Posted by Matt Roberge on Nov 25, 2015 7:00:00 AM

It probably doesn't come as any surprise that I handle my own bookkeeping. After all, bookkeeping is my profession, so it makes sense that I handle it for our business. A marketing consultant probably doesn't outsource their own marketing. If accounting is not your strength, then I highly recommend that you use an outsourced bookkeeping solution. There are several important reasons why I handle my own bookkeeping.

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Topics: Cash Flow Management, Financial Reporting, Small Business Bookkeeping, Small Business Growth, Daily Reconciling, Growth Coach

4 Benefits Of A POS Generated Sales Report

Posted by Christina Whalen on Sep 8, 2015 7:30:00 AM

If you have a cash register, there is an inherent liability that goes along with it: the cash could disappear. When money is changing hands, there is a higher risk of both theft and mistakes. That is why having a third-party review your bookkeeping is invaluable to business owners.

By having a point of sales (POS) system recording each transaction, you can have peace of mind that, yes, this is how many sales were made and here is the money in the register to prove it. Tracking the sales and comparing your cash deposits is a way to make sure that your employees aren't stealing from you.

Having unbiased sales reports on the back-end is the best way to track what's happening in your store front.

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Topics: Daily Sales Summary, Sales Journal Entry, Cash Flow Management, Daily Reconciling, POS System

The Power Of Daily Bookkeeping

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

For years I have been preaching the power of daily bookkeeping to friends, colleagues, clients, and blog readers. Daily bookkeeping is exactly what you think it is, updating your books every single day. My daily routine when I wake up is to grab a coffee, open my business QuickBooks on one screen and my online banking on the other. My QuickBooks checking account is always sorted by cleared status so I can reconcile my QuickBooks bank account to my online banking ending daily balance. Aside from being a complete bookkeeping dork this does serve a purpose. Here is the power of daily bookkeeping.

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Topics: Cash Flow Management, Financial Forecasting, Financial Reporting, Grow Your Business, Daily Bookkeeping,, Daily Reconciling