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Salt Lake City Bookkeeping Blog

5 Crucial Steps for Small Business Growth in 2020

Posted by Matt Roberge on Nov 14, 2019 12:46:00 PM

As the saying goes, "failing to plan is planning to fail". This is never more true than in the world of small businesses. Looking back on the year, there may be many obvious mistakes that have prevented your company from seeing its full potential. In the coming year, there are several crucial steps that will ensure manageable and profitable growth for your small business.

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Topics: Small Business Bookkeeping, Bookkeeping System, Outsourced Bookkeeping

Bookkeeping for Multi-Location Restaurants

Posted by Austin Walker on Oct 17, 2019 8:30:00 AM

Bookkeeping for a restaurant group that has different locations and different restaurants under it can be tricky. There are tight margins to maintain.

In addition, spoilage, theft, and inventory must be controlled to maintain profitability. In order to do this, the books must work like a well-oiled machine.

There can't be any flukes or the whole machine is compromised and margins decrease. Follow this guide to monitor profits and grow your restaurant locations.

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Topics: Small Business Management, Outsourced Bookkeeping, Restaurant Accounting

Top Reasons to Stop Using a Personal Bank Account to Run Your Business

Posted by Leanne Armstrong on Mar 6, 2019 9:00:00 AM

Regardless of the size of your company, deciding to open a business bank account shouldn’t be a question of if, but a matter of when. In an ideal bookkeeping world, every company would open a business account before conducting their first commercial transaction. But if you’ve yet to separate your company’s payables and receivables from your personal bank account, it’s never too late to make that happen.

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Topics: Personal Bookkeeping, Outsourced Bookkeeping

Year-End Bookkeeping Caught You Off Guard? Here’s How to Streamline the Process

Posted by Leanne Armstrong on Jan 23, 2019 11:25:00 AM

If you’ve been so preoccupied with running your business that year-end bookkeeping tasks have caught you off guard, don’t panic. Take a deep, calming breath and get ready to tackle those accounts with a plan for streamlining the process.

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Topics: Year End Accounting, Outsourced Bookkeeping, Year End Bookkeeping

How to Manage Your Petty Cash Fund

Posted by Leanne Armstrong on May 23, 2018 9:00:00 AM

There are some business purchases – think coffee runs, staff birthday cards, and one-off postage costs for example – where it’s impractical to pay by credit card or check. As a matter of fact, it was smaller business expenditures like these that first gave rise to the term petty cash! And they’re still the reason why most companies find it useful to keep funds on hand for minor, last-minute, or cash-only expenses.

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Topics: Outsourced Bookkeeping

8 Qualities to Look for When Choosing Your Small Business Bookkeeper

Posted by Leanne Armstrong on Jun 13, 2017 9:15:00 AM

Choosing a professional bookkeeping service is one of the easiest ways to help your small business grow! Every company, regardless of size, must accurately track and report the money flowing in and out of its accounts by way of sales, expenses, and salaries, but many entrepreneurs lack the knowledge and experience necessary to make this happen.

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Topics: Outsourced Bookkeeping

Why Bookkeeping Services Are Essential for Risk Management

Posted by Leanne Armstrong on Jun 8, 2017 8:00:00 AM

It’s in the nature of the game that you’ll be forced to deal with some level of risk in operating your small business. While some commercial pitfalls can be avoided, many are inescapable and require careful management to keep them at bay.

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Topics: Small Business Growth, Outsourced Bookkeeping

6 Savvy Ways to Keep Bookkeeping Services Affordable

Posted by Leanne Armstrong on Mar 1, 2017 9:00:00 AM

Today’s data-driven marketplace has made it easier than ever to start a business. But low-cost digital exposure hasn’t done away with the need for consistent and adequate funding, particularly in the early stages of establishing a new enterprise. The average startup tends to be overwhelmed with expenses, and often struggles to keep costs from outpacing revenues.

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

5 Undervalued Benefits of Outsourcing Your Small Business Bookkeeping

Posted by Austin Walker on Jun 21, 2016 8:30:00 AM

Outsourcing your small business bookkeeping 
has never been easier or more compelling than it is today. The expansion of online technology in general, and of cloud computing in particular, has drastically changed the way we all do business. Finding, contacting, and ultimately working with those services that can help your company run more smoothly—and generate a better bottom line—is just a click away.

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Topics: Small Business Bookkeeping, Small Business, Outsourced Bookkeeping

6 Demands For Your Outsourced Bookkeeping Services Provider

Posted by Matt Roberge on Jun 9, 2016 8:30:00 AM

Making the decision to outsource the bookkeeping for a small business is not an easy one for most owners. Your bookkeeper handles a lot of sensitive financial information, so using an outsourced provider for this business function can make anyone uneasy.

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