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Salt Lake City Bookkeeping Blog

5 Tips to Ramp Up Your Short-Term Cash Flow

Posted by Leanne Armstrong on Mar 21, 2018 9:00:00 AM

Maintaining a positive short-term cash flow position – one where the revenues from selling your product or service are greater than your expenses for things like rent, salaries, and supplies - is critical if you want your company to succeed.

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Topics: Cash Flow Management, QuickBooks Cash Flow

The Best Way To Understand Future Cash Flow

Posted by Matt Roberge on Apr 21, 2016 8:30:00 AM

An inability to manage cash flow can kill a small business. One of the biggest reasons for small business failure is a lack of cash flow management. 

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Topics: Cash Flow Management, QuickBooks Cash Flow, Financial Forecasting

3 Common Challenges For A Service Business And How To Solve Them

Posted by Matt Roberge on Jan 15, 2014 7:00:00 AM

We work with a lot of small businesses and I have noticed some commonalities in the challenges that they all face.  I particularly can speak to service based businesses as we are one and have faced and still face all of these challenges.  I noticed that although product based businesses face similar challenges their resolutions are different.  Here are three common challenges I see serviced based businesses face and how to overcome them.

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Topics: Cash Flow Management, QuickBooks Cash Flow, Accounts Receivable, Small Business Growth, Scaling A Business, Inbound Marketing

How To Manhandle Cash Flow In A Service Business

Posted by Matt Roberge on May 17, 2013 7:30:00 AM

Cash flow is extremely important and sometimes tight for a small service based business.  For a service based business the major concern is typically having enough money to cover payroll.  When delivering services as your main source of income then the majority of your costs are in payroll expenses.  Therefore, you need to figure out a way to keep cash flow healthy and also predict expenses.  Here is my guide on how to control cash flow as a small business.  

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Topics: QuickBooks Tips, Cash Flow Management, QuickBooks Cash Flow, Accounts Receivable