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Salt Lake City Bookkeeping Blog

Crafting A Chart Of Accounts For A Small Business

Posted by Christina Whalen on Oct 1, 2015 7:00:00 AM

Setting Up QuickBooks Chart Of AccountsThe Chart of Accounts is the initial building block of any accounting system. No matter what kind of business you are a part of, there is always a key group of accounts that encompass all of the financial transactions that happen in a business. 

Customization is the next step to building out a brilliant Chart of Accounts. From there, the Chart of Accounts will get tailored with three key players in mind: the owner, the CPA, and the bookkeeper.

In the words of SLC Bookkeeping's COO Alex Viau, the most important facet to keep in mind is to KISS... "Keep it simple, stupid."

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Topics: QuickBooks Tips, Bookkeeping Tips, chart of accounts, cleaning chart of accounts, QuickBooks Chart of Accounts

Set Up Your Small Business Bookkeeping Correctly The First Time

Posted by Matt Roberge on Mar 31, 2014 7:00:00 AM

Small business owners often call us and inform us that they haven't done any of their bookkeeping; they haven't even set up QuickBooks.  This is the perfect situation because it allows us to set up the small business bookkeeping correctly the first time.  On the flip side of this story is the business that attempted to handle their own bookkeeping but made a complete mess of it and now they need our help.  This is not the ideal situation as it often takes us longer to fix the mistakes than it does to just start over.  What I have found is the most businesses have the time and money to fix their bookkeeping mess, but not to do it right.  Here is a guide on how to set up your bookkeeping correctly right from day one.

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Topics: Bookkeeping mistakes, QuickBooks Tips, Business Bookkeeping, Bookkeeping Help, Small Business Bookkeeping, Bookkeeping Procedures

Remote Bookkeeping Made Easy

Posted by Joe Mazur on Jul 8, 2013 7:00:00 AM

Most small business owners wait to hire a bookkeeper until they have enough work to fill a full time 40 hour work week schedule.  This can be a dangerous game since bookkeeping is a very important piece of any small business
trying to get started.  Luckily, for the small business owner, Salt Lake City Bookkeeping has made remote bookkeeping easy.  Understanding how SLC Bookkeeping utilizes technology to make virtual bookkeeping a painless process also explains an answer to a question we get all the time "What kind of businesses do you work with?"  Everyone we work with understands that we are always available remotely.  If something is needed first thing Monday morning and its requested Friday evening, we will get it done.  This is all possible because we are set up to access programs anywhere with internet access.

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Topics: QuickBooks Tips, outsourcing bookkeeping, Hire A Bookkeeper, Grow Your Business, Paradise Work, Financial Advice

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, Accounts Receivable, Cash Flow, QuickBooks Cash Flow

QuickBooks Help In Salt Lake City

Posted by Joe Mazur on Feb 8, 2013 7:00:00 AM

As a small business, you may not need a full time bookkeeper.  If you are a very small business owner, you may not even need a bookkeeper at all.  Northern Utah offers a variety of business opportunities and depending on your business' size, the perfect solution could just be QuickBooks help in Salt Lake City.  In the early stages of business growth, most CFOs, sales coaches, investors, etc. would suggest keeping costs as low as possible and work on growth.  Bootstrapping is a term you hear thrown around more and more these days and I couldn't agree more.  Keep costs to a minimum and put your head down and work. There are plenty of ways to do this; read a book, read a blog, or maybe ask for help.  Getting your bookkeeping system set up right the first time is much wiser and cheaper than waiting until it unravels and then working backwards to fix it.  QuickBooks is an easy program to use and usually the best option for the entrepreneur that's just getting started.  It's better than using Excel to track income and expenses and much more analytical than Quicken.

 

Stress And Time 

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Topics: QuickBooks Tips, Small Business Bookkeeper, Free Bookkeeping Trial, Outsourced Accounting And Bookkeeping, outsourcing bookkeeping, Hire A Bookkeeper

SLC Bookkeeping's Most Popular Blogs Of 2012

Posted by Matt Roberge on Jan 18, 2013 6:55:00 AM

I started writing blogs for Salt Lake City Bookkeeping on 4/18/2010.  I guess I would explain my blogging experience with two words: growing pains.  At first I hated the concept of blogging and the word itself I found unappealing.  Blog, it just sounded weird to me.  I am an accountant not a marketing person, so how could blogging possibly help my business?  Now almost three years later I find myself wondering where we would be without blogging.  

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Topics: QuickBooks, QuickBooks Tips, Bookkeeping Salt Lake City, Salt Lake City Bookkeeping, QuickBooks Tips, Bookkeeping Services, QuickBooks Tips Blog, Bookkeeping Help, QuickBooks Blog

Personal Bookkeeping; Is It Necessary?

Posted by Matt Roberge on Jun 16, 2012 8:23:00 AM

If personal bookkeeping was simply a matter of just paying the bills — a common belief shared by many people — everyone that hired a bookkeeper would either be broke or very regretful. At the end of the day (and at the end of the fiscal year) these professionals are responsible for managing the livelihood of your business or personal finances; essentially your cash flow.

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Topics: Personal Bookkeeping, QuickBooks Tips, outsourcing bookkeeping, Bookkeeping Salt Lake City Service, Bookkeeping Salt Lake City

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: Efficient Bookkeeping, Do It Yourself Bookkeeping, Salt Lake City Bookkeeping, Small Business Bookkeeper, Bookkeeping Tips, Bookkeeping mistakes, QuickBooks Tips, QuickBooks Reconciliation, QuickBooks reconciliation tips

QuickBooks Restaurant Specific Bookkeeper

Posted by Matt Roberge on Apr 5, 2012 9:00:00 AM

If you are a restaurant owner you may want to consider a QuickBooks restaurant specific bookkeeper to handle your accounting.  QuickBooks Restaurant works really well for handling the bookkeeping for a restaurant but only if set up properly.

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Topics: QuickBooks Tips, Restaurant Bookkeeping, QuickBooks POS, QuickBooks consulting, QuickBooks advice, Small Business Accounting, QuickBooks Restaurant, Restaurant Bookkeeper

Why Every Business Should Outsource Their Payroll

Posted by Matt Roberge on Aug 31, 2011 11:26:00 AM

We are huge supporters of outsourcing payroll for our clients.  Even our bookkeeping service outsources our own payroll.  Why?  There are a lot of reasons that any business should consider outsourcing their payroll and here are some of the major reasons:

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Topics: bookkeeping challenges, Outsourced Bookkeeping, Outsourced Payroll, QuickBooks, QuickBooks Importing, QuickBooks Tips