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Salt Lake City Bookkeeping Blog

[Infographic] Avoid Expensive Small Business Mistakes

Posted by Austin Walker on Mar 16, 2016 8:30:00 AM

Within ten years of starting, 71% of all small businesses will fail, so it's easy to understand why small businesses cannot make expensive mistakes. Generally speaking, a lot of owners will have to shut the doors due to a lack of cash. A quarter of them will shut the door before the end of year one and 44% leave the market before the end of year three. 

Bookkeeping can help save small business owners from this problem.

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Topics: QuickBooks Budget, Cash Flow, Small Business, Bookkeeping System, forecasting

Use Your Bookkeeping To Stop Making Stupid Financial Decisions

Posted by Matt Roberge on Jul 21, 2015 7:30:00 AM

Have you ever made a stupid financial decision? Sure, we all have. Remember that ridiculous impulse buy that you made and regretted just a few days later? Those stupid financial decisions really set you back in life as well as in your small business. Here is how to use your small business bookkeeping as a tool to help you to stop making stupid financial decisions. 

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Topics: Financial Forecasting, Financial Reporting, Business Budgeting, QuickBooks Budget, Small Business Bookkeeping, Financial Advice

A Small Business Owner Needs To Be An Integral Part Of Budgeting And Forecasting

Posted by Matt Roberge on Jun 16, 2015 7:30:00 AM

It is essential for a small business owner to be a part of the forecasting and budgeting process. Many small business owners don't take the time to even build a budget or forecast. Even those that do make a budget quite often don't take the time to analyze their actual performance against it, draw some conclusions, and make any necessary adjustments. Here is why every business owner needs to be a part of the budgeting and forecasting process. 

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Topics: Financial Forecasting, Financial Reporting, Business Budgeting, QuickBooks Budget, Building a budget, forecasting

How a Small Business Bookkeeper Handles His Own Bookkeeping

Posted by Matt Roberge on Feb 5, 2015 7:00:00 AM

Have you ever wondered how a small business bookkeeper handles the bookkeeping for their own business? Think about it, if you are using an outsourced bookkeeping service they have to handle their own business bookkeeping. Ask them what they do for their own bookkeeping that you currently are not doing. Here are five key things I do with our own small business bookkeeping.

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Topics: Small Business Bookkeeper, Financial Forecasting, Financial Reporting, Business Budgeting, QuickBooks Budget, Small Business Bookkeeping, Reconciling QuickBooks, Bookkeeping Theft, Bookkeeper dishonesty

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

Guidelines for Building a Small Business Budget

Posted by Matt Roberge on Oct 17, 2014 7:00:00 AM

You know that you should be building a small business budget each year, but do you? Most people push bookkeeping to the back burner and the budget typically follows suit. Some businesses build a budget but then don't use it to guide their business. Your budget should be thought of as a roadmap to success for your small business. Many businesses don't build a budget because they are not even sure where to start. Here is a brief overview of how to build a budget for your small business. 

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Topics: Financial Forecasting, Business Budgeting, Financial Reporting, QuickBooks Budget