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Salt Lake City Bookkeeping Blog

Which Small Businesses Don't Need Outsourced Bookkeeping?

Posted by Joe Mazur on Apr 2, 2014 7:00:00 AM

Believe it or not, some small businesses simply don't need outsourced bookkeeping.  Like all businesses, they still need bookkeeping just not outsourced bookkeeping.  As a virtual bookkeeping firm, we have an ideal client and every once in a while we tell a potential client that we wouldn't be a great fit for them.  The reasons can vary from anything technology driven all the way to company culture.  We've learned it's better to be upfront with prospects earlier on in the sales cycle as opposed to trying to BS them and attempting to get a square peg to fit into a round hole.

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Topics: Bookkeeping Salt Lake City, Bookkeeping Processes, Outsourced CFO Services, Outsourced Bookkeeping

A Bookkeeper That Has Worked With A Few Businesses Or Hundreds?

Posted by Matt Roberge on Feb 24, 2014 7:00:00 AM

Would you prefer that your bookkeeper has worked with a few businesses in their career or hundreds? I guess the answer to that question really depends upon what your goals are with your small business bookkeeping.  If you need a full-time 40+ hour per week bookkeeper then maybe you want someone that has a job history of longevity with their past employers.  However, if you are a small business that only needs part-time bookkeeping services then maybe you want a bookkeeper that has worked with all kinds of different businesses.  At SLC Bookkeeping we have done bookkeeping for hundreds of different businesses and here is what we have learned.

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

Restaurant Bookkeeping - 5 Things To Consider

Posted by Matt Roberge on Jun 5, 2013 7:00:00 AM

We have developed many restaurant bookkeeping systems over the years.  We have extensive restaurant experience; both front of the house management and back of house accounting.  Restaurants are a tough business, which makes the accounting aspect that much more important.  We have helped several restaurants dial in a tight bookkeeping system and grow.  We have helped owners set up their restaurant concept to scale.  Helping a restaurant owner grow from a few locations to many is exciting, but it takes a tight financial approach.  Having the proper bookkeeping system in place from day one will promote scalability and set you up for growth.  Here are five things to consider when setting up your restaurant bookkeeping.  

POS System

The restaurant POS system that you choose is a very important decision that you should not take lightly.  I have seen clients go through up to three different POS systems by the time they finally have a conversation with us and we point them in the right direction.  We have seen various new POS systems come and go because they can't make it in the competitive market for one reason or another.  Typically they come out with some new hot technology that looks great (example Ipad), but the functionality and basic reporting is garbage.  While I'm not a big business guy I typically recommend going with one of the bigger players when it comes to your restaurant POS system.

The POS system that I most often recommend is Aloha by NCR.  From a front of house perspective Aloha is easy to program and train your staff on using.  It also has great controls which allow you to control theft.  Lastly, Aloha has always offered excellent customer service.  Our local Utah Aloha dealer POS Technologies has never disappointed.  I know the general manager Devin Wright extremely well and am confident he will over deliver his product and services to you.  From a back of house/bookkeeping perspective Aloha also delivers.  Obviously you want good reporting and Aloha has a series of standard reports that you will need.  In addition Aloha makes it easy to build custom reports if you find you need more details.  Your daily sales summary will be an important piece of your restaurant accounting.  You can manually enter the daily sales summary or import you sales data into QuickBooks or another accounting system.  You would want to check with the external software developer for importing options and compatibility.   

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Topics: Restaurant Bookkeeping, Restaurant P.O.S, Outsourced CFO Services, Outsourced Bookkeeping, Restaurant Accounting, Restaurant Industry

Part-time CFO Services For Small Businesses

Posted by Matt Roberge on May 24, 2013 7:00:00 AM

Does your small business need part-time CFO services?  What exactly does a part-time CFO Service offer?  Many small businesses hire an accountant, a bookkeeper, a CFO or "someone in charge of the money."  Call it whatever you like, every business needs someone to take care of the financial aspects of their business.  However, if you are looking for a part-time CFO Service you are most likely looking for a higher level person.  Here is what SLC Bookkeeping has to offer.

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Topics: Financial Forecasting, Small Business Bookkeeping, Outsourced CFO Services, CFO Consulting