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Salt Lake City Bookkeeping Blog

[Infographic] 5 Reasons to Reconcile Accounts Monthly

Posted by Austin Walker on Dec 23, 2015 9:00:00 AM

At some point along the lines, you're going to make a mistake. Some mistakes will be larger than others, but for the most part, what's great about mistakes, is you will either learn something beneficial, or the mistake can be fixed. 

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Topics: QuickBooks Reconciliation, Small Business Accounting

5 Things I Would Demand From My Bookkeeping System

Posted by Matt Roberge on Jul 31, 2013 7:00:00 AM

As a small business owner you need to know how to get the most out of your bookkeeper. If handled properly your bookkeeping system can be a tool that you can use to make decisions and grow your business. In order to have a bookkeeping system that you can actually use you need to know what you need. Here are five things I would demand from my small business bookkeeping system.

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Topics: QuickBooks, QuickBooks Reconciliation, Cash Flow Management, Accounts Payable, Accounts Receivable, Bookkeeping Tips, Financial Forecasting, Financial Reporting, Small Business Bookkeeping

8 Small Business Bookkeeping Blunders During Startup

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

Running a bookkeeping consulting firm geared towards small businesses teaches you a lot about business startups. We see all sorts of missteps, whether it is right from the beginning or several years down the road. It is very rare that a business will do everything right during the startup phase. The list of tasks that need to get done to get your business up and running can be overwhelming. No matter how experienced you are in business you can’t be an expert in every facet of launching a business. It is amazing to me how reluctant people are to ask for help during the startup phase of a business. I think many people have the mindset to get their business launched by spending as little money as possible. However, this approach often leads to costly mistakes, which are more expensive in the long-run. It is usually much cheaper to pay someone to do something correctly the first time rather than pay them to fix your mistakes in the future. Here are 8 common bookkeeping mistakes I see new businesses make when starting their business.

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Topics: Accounting Reconciliation, Bookkeeping Errors, Bookkeeping Services, QuickBooks Reconciliation, Accounts Payable, Accounts Receivable, Bookkeeping Processes, Bookkeeping Help, Financial Reporting, Bookkeeping Theft

Small Business Bookkeeping Monthly Closeout Procedures

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

Closing The Monthly Books Small business bookkeeping tends to get pushed to the back burner a lot. If you are a small business owner handling the bookkeeping yourself, it is easy to put off your bookkeeping because there are so many other things to do. Bookkeeping doesn't seem like it directly makes you money, so it's easy to put off until a later time. However, I have noticed that owners don't seem to have a problem sending invoices out, probably because that brings money in. Your bookkeeping should be a tool that you use to aid you in making business decisions and running your business. Here is a short list to close out your monthly bookkeeping for your small business.

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Topics: QuickBooks Reconciliation, Financial Reporting, Small Business Bookkeeping

5 Financial Obsessions That Are Actually Healthy

Posted by Matt Roberge on Dec 14, 2012 8:18:00 AM

Typically in life obsessing about anything is bad.  However, I do believe that there are some financial obsessions that are healthy both for you personally and your small business.  Many individuals, families and small businesses are just plain bad at managing their finances.  Some people just don't understand accounting or bookkeeping so their finances tend to get the back burner.  Avoiding managing your finances is a huge mistake and will always come back to haunt you.  Here are five financial obsessions that you really should keep in mind and try to follow.

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Topics: Bookkeeping Errors, Do It Yourself Bookkeeping, Bookkeeping Services, QuickBooks Reconciliation, Personal Bookkeeping, Bookkeeping Help, Financial Forecasting, Outsourced Bookkeeping, Year End Bookkeeping

5 Major Bookkeeping Blunders And How to Avoid Them

Posted by Matt Roberge on May 31, 2012 7:45:00 AM

New clients are usually bitter sweet for us.  New clients are always great because it means more income for our business.  However, new bookkeeping clients typically also come with a significant amount of bookkeeping clean up and detective work.  It's no fault of theirs; they just don't handle everything cleanly and properly.  Here are 5 major bookkeeping blunders that we often see and how to avoid them.

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Topics: QuickBooks Tips, Efficient Bookkeeping, Do It Yourself Bookkeeping, QuickBooks Reconciliation, Bookkeeping Tips