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Salt Lake City Bookkeeping Blog

How to Evaluate That Business Opportunity Like a Pro

Posted by Leanne Armstrong on Mar 7, 2018 9:00:00 AM

Aspiring business owners and established entrepreneurs alike can find it hard to resist the urge to explore new opportunities! But whether that means expanding your current line-up of products and services – or launching an entirely new venture – the key to success lies in evaluating each business opportunity with care.

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Topics: Strategic Planning, Growth Coach, Financial Reports, Profit 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,

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

How Your Small Business Can Benefit From An Audit

Posted by Matt Roberge on Nov 17, 2015 7:00:00 AM

Most business owners cringe when they hear the word “audit,” but the truth is that an audit isn’t necessarily a bad thing. Once you learn more about what an audit is and how it works, you will see that there are a few ways in which your company can benefit from the auditing process.

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Topics: Financial Reports, QuickBooks Audit Trail, Bookkeeping Theft, Internal Audit

How Much Money Is Your Business Making On Each Job?

Posted by Marti Major on Oct 22, 2014 7:00:00 AM

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Topics: Financial Reports, Financial Reporting, Job Costing In QuickBooks, QuickBooks Budget, Job Costing, QuickBooks Estimates

4 Common Misconceptions About Your Small Business Bookkeeping

Posted by Matt Roberge on Sep 19, 2014 7:00:00 AM

Working with lots of different small business owners we see a lot of misconceptions about bookkeeping. Many business owners just don't have the education or background to understand small business financials. Other business owners truly don't care about their bookkeeping. When you are looking at your small business bookkeeping it is important to understand the system and where the numbers come from that create your financial reports. Here are four common misconceptions about small business bookkeeping.

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Topics: Small Business Bookkeeper, Financial Reports, Small Business Bookkeeping, Financial Reporting, Small Business Owner, Cash Flow Management

Do You Analyze Your Small Business Financial Reporting?

Posted by Matt Roberge on Aug 13, 2014 7:00:00 AM

If you are like some business owners I know you may not take time to analyze your small business financial reporting on a regular basis. However, if you want to have a successful small business you need to make a habit of looking at your financial reports often. How often should you look? Probably a lot more than you do, but as a bare minimum I think you should look at your financial reports one to two times per month if not every single week. Analyzing financials and making the necessary adjustments is a key component of keeping your business on track. Here is a quick guide that will help you consistently analyze your small business financial reporting. 

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Topics: Financial Forecasting, Business Budgeting, Financial Reports, Financial Reporting, quickbooks reports

Small Business Lessons From My Goldman Sachs Cohort

Posted by Matt Roberge on Jun 23, 2014 7:00:00 AM

I've written a lot about it lately but in case you missed it I was a scholar of the Goldman Sachs 10,000 Small Businesses program.  I completed the program almost six weeks ago but still think about my experience often.  I have been spending quite a bit of time out of the office lately first on a long overdue honeymoon in Kauai and then on a seven day 100 mile river float on the middle fork of the Salmon River.  However, small businesses and entrepreneurs are always on my mind no matter what I am doing so I have been busy taking notes and brainstorming for this post.  I think I finally have my thoughts together so here are my five big takeaways from my experience in the Goldman Sachs 10,000 Small Businesses program.

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Topics: Small Business Growth, Small Business, Financial Reports, Financial Reporting, Small Business Owner, Small Business Consulting, Goldman Sachs 10k Small Businesses

Focus On Important Business Issues, Not What Is In Front Of You

Posted by Matt Roberge on Jun 11, 2014 7:00:00 AM

Have you ever noticed that people tend to focus on what is thrown in front of them rather than what is important? In your small business you need to focus on what is important, not necessarily what is in front of you at the moment. The news is a great example because it can be so influential. In general the news causes people to be reactionary to whatever someone is telling us. The news can literally run your life if you allow it to by not filtering what is actually important. The same thing is true in your business and you need to focus on what is important, not necessarily every little detail that pops up in your day to day activities.

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Topics: Small Business Growth, Financial Forecasting, Business Budgeting, Financial Reports, Financial Reporting, Small Business Management

How To Properly Raise Money For Your Small Business

Posted by Matt Roberge on May 14, 2014 7:00:00 AM

One thing I learned from the Goldman Sachs 10,000 Small Businesses Program was how to properly raise money for your business.  I didn't think I would ever want funding for our business, but now I know the value of getting funding and how to go about it.  I absolutely believe I could bootstrap many of the ideas I currently have, but I know that funding can accelerate the process and increase my chances of success.  I am by no means an expert on raising money as I have never done it, however I do have some thoughts on how to properly raise money for your small business.

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Topics: Investing, Financial Reports, Financial Advice, Investor Bookkeeping, Business Funding, Small Business Funding