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Salt Lake City Bookkeeping Blog

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, business CFO

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, Bookkeeper

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

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, Outsourced Bookkeeping Services

The One Thing Every Small Business Could Do Better

Posted by Matt Roberge on May 31, 2016 8:30:00 AM

I personally have done small business bookkeeping for almost 15 years now. Over that period, our bookkeeping service has worked with lots of different businesses, helping them with their outsourced bookkeeping needs.

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Topics: Outsourced CFO Services, Growth Coach, Outsourced Bookkeeping Services, Expense Management

How To Actually Keep Your Bookkeeping Updated This Year

Posted by Matt Roberge on Feb 11, 2016 8:00:00 AM

I know it is something that you promise yourself every January; this is the year you are going to get a handle on your bookkeeping. But the reality is that you are too busy to handle your bookkeeping, right? Not only that, but bookkeeping isn't really one of your strengths. You don't enjoy bookkeeping and don't see the value in it. But instead of getting help, you constantly slide your bookkeeping to the back burner until it is too late and you find yourself in the same situation each year. So this year, let's change it up and give you a way to actually keep your bookkeeping updated.

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Topics: Small Business Bookkeeper, Outsourced CFO Services, Outsourced Bookkeeping, Growth Coach

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

Will CFO Services Uncover Your Hidden Profit Centers?

Posted by Matt Roberge on Sep 5, 2014 7:00:00 AM

Today's post is a guest post by RANDY RUSSON, Founder of TOP CFOS | Join him on LinkedIn

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Topics: Outsourced Accounting And Bookkeeping, Part-time CFO Services, Outsourced CFO Services, Part Time Bookkeeper, CFO Consulting, Outsourced Bookkeeping

Does Your Small Business Bookkeeper Have Your Back?

Posted by Matt Roberge on Sep 3, 2014 7:00:00 AM

Does your bookkeeper actually care about your small business? I mean, do they truly care about you and your business and do they prove that to you with their service? If your bookkeeper doesn't show you that they care about your business then you need to find one that really does care. We often get new clients because they previously had a bad bookkeeper. Business owners' fire bookkeepers because they get sick of errors, get tired of excuses, and won't tolerate negligence with their business bookkeeping. I can't blame people for firing their bookkeeper's for legitimate reasons. It's not like they are asking the world, it's not rocket science; it's just bookkeeping. Here are five examples of simple ways that your bookkeeper can have your back.

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Topics: Small Business Bookkeeper, Small Business Bookkeeping, Small Business Consulting, Scaling A Business, Outsourced CFO Services, Outsourced Bookkeeping, Salt Lake City Bookkeeping