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Salt Lake City Bookkeeping Blog

From Open to Close: A Journey Through the Small Business Accounting Cycle

Posted by Leanne Armstrong on Mar 27, 2019 9:00:00 AM

From open to close, the accounting cycle is a series of steps that lets you collect and organize bookkeeping data in a way that clearly shows your company’s changing financial position. As a small business owner, you can benefit from a basic understanding of how the accounting cycle works, even if you don’t perform your own bookkeeping duties.

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Topics: Small Business Growth, Bookkeeping Professional, Growth Coach, Profit Coach

Entrepreneurs Need To Talk Profitability

Posted by Matt Roberge on May 2, 2018 9:00:00 AM

How come business owners never talk about profitability?

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Topics: Entrepreneurship, Growth Coach, Profit Coach

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

8 Laws Anyone Working on Pricing Should Know

Posted by Austin Walker on Aug 4, 2016 8:30:00 AM

Pricing your products or services in a way that keeps you competitive while turning a profit can be an ongoing challenge for the small business owner. While your underlying costs always have to be taken into account, strategic pricing practices go well beyond the numbers to include proven buying behaviors.

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Topics: Small Business Sales, Profit Coach, Pricing

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