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Salt Lake City Bookkeeping Blog

Essential Guide to Business Financial Planning

Posted by Leanne Armstrong on Mar 17, 2017 9:00:00 AM

Does your company have a financial plan to help pave the way to future success? Financial planning for businesses is a key component in understanding your organization from a dollars and cents perspective, both today and down the road.

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Topics: Financial Forecasting, Financial Reporting, Growth Coach, business plan

The Secret To Improving Customer Retention

Posted by Leanne Armstrong on Feb 17, 2017 9:00:00 AM

Customers are the lifeblood of every business. And in today’s highly connected, review-driven world, your company’s reputation with past and potential clients plays an integral role in its long-term success. With unlimited choice at their disposal, many customers are choosing to forgo the lowest price for the goods and services they want in favor of a more satisfying buying experience. In fact, recent research by American Express indicates that the majority of consumers are willing to spend more money on companies that provide the best customer service. If you’re hoping to see your business grow, it’s well worth taking the time to understand what your customers really want.

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Topics: Financial Reporting, metrics, Customer Success, Growth Coach

If You Don't Know Your Numbers You Don't Know Your Business

Posted by Matt Roberge on Feb 23, 2016 8:30:00 AM

I Need To Know My NumbersI was watching CNBC's The Profit last night and Marcus Lemonis said something brilliant.

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Topics: Financial Forecasting, Financial Reporting, Grow Your Business, Scaling A Business, Growth Coach

How Do I Get Accurate Financial Reports For My Small Business Faster?

Posted by Matt Roberge on Feb 4, 2016 8:00:00 AM

From a financial perspective, I would say that the number one issue for small businesses is having access to accurate financial information when they need it. Many new prospects tell us that they don't feel as though their financial reporting is accurate and they don't look at reports often enough. So how do you get accurate financial reports for your small business in a timely manner?

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Topics: Cash Flow Management, Financial Reports, Financial Reporting, Outsourced Bookkeeping, Daily Bookkeeping,

Is Your Business's Financial Forecast Red, Yellow, Or Green?

Posted by Matt Roberge on Jan 26, 2016 8:45:00 AM

Moving your business where you want to go is a lot like driving a car; it can be easy at times and absolutely crazy in other situations. Growing up on the east coast, I'm naturally an excellent driver (at least in my own head). When navigating along the road in your car, you face similar situations as when you are moving your business in the direction you want to go. Getting where you want to go depends upon how you deal with the constantly changing environment and it requires making good decisions.  

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Topics: Financial Forecasting, Financial Reporting, Grow Your Business, Outsourced CFO Services, Growth Coach

Why Your Financial Forecast Is Your Most Valuable Business Tool

Posted by Matt Roberge on Jan 12, 2016 8:45:00 AM

Many business owners struggle to find value in bookkeeping. Small business owners often look at their bookkeeping as a nuisance or a means to an end, i.e., for filing their taxes. Since they don't see value in their bookkeeping, they develop a negative attitude toward it. However, there is a lot of value in a good bookkeeping system and a financial forecast is your most valuable business tool. 

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Topics: Financial Reports, Financial Forecasting, Financial Reporting, Outsourced CFO Services, CFO Consulting, Business Pivots

Can You Afford To Grow Your Small Business

Posted by Matt Roberge on Jan 8, 2016 8:45:00 AM

It seems like a silly question: Can you afford to grow your small business? However, many business owners don’t take the time to ask themselves that question and it ends up costing them. Growing sales doesn’t necessarily mean your business is growing its profits. In fact, growing your sales oftentimes leads to decreased net income when you don’t take the time to plan your growth. So, the next time you decide to attempt to grow your business, ask yourself: Can I afford to grow my business?

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Topics: Financial Forecasting, Financial Reporting, Small Business Growth, Grow Your Business, Growth Coach

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

Key Business Metrics Available In Your Bookkeeping System

Posted by Matt Roberge on Nov 23, 2015 7:00:00 AM

There are some key business metrics in your bookkeeping system that you may or may not be aware of. Most business owners look at their bookkeeping one of two ways; a means to filing taxes or a tool that they can use to grow their business. Your bookkeeping system should be a machine that you use to make key business decisions. A bookkeeping system that feeds you information on your key business metrics will help you make smart business decisions and scale your business. Below are a few business metrics worth taking a look at in your bookkeeping.

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Topics: Financial Forecasting, Financial Reporting, metrics, Profit Coach, Key Performance Indicators

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, Daily Bookkeeping,