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Salt Lake City Bookkeeping Blog

6 Bookkeeping Pains An Outsourced Bookkeeping Service Can Resolve

Posted by Matt Roberge on Feb 12, 2020 12:00:00 PM

For many businesses, their bookkeeping causes a lot of pain. However, when handled correctly, there are many pains that proper bookkeeping can remedy. Common reasons that bookkeeping causes pain are: it is intimidating, people don't like it, and it's often way behind because it gets pushed to the back burner. 

It is crucial to keep up on your bookkeeping so that you can keep your business on track towards its goals. If you are feeling any of the following bookkeeping pains, you need to make some changes to your current system.

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Topics: Bookkeeping Services, Financial Forecasting, Financial Reporting, Business Budgeting, Small Business Bookkeeping

10 Undervalued Benefits Of Outsourcing Your Bookkeeping

Posted by Austin Walker on Jan 3, 2020 12:00:00 PM

Outsourcing your small business bookkeeping has never been more accessible or more compelling than it is today. 

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Topics: Small Business Bookkeeping, Outsourced Bookkeeping

The Best Tips For a Small Business Owner Managing Their Own Bookkeeping

Posted by Matt Roberge on Dec 11, 2019 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 the key things I do with our own small business bookkeeping.

 

  1. Owner In Control
  2. Updated Often
  3. Always Accurate
  4. Set Goals
  5. Key Metrics and Reporting
  6. The Importance of Checking a Client's History
  7. Collection Success When You're a Small Business Owner

 

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

5 Crucial Steps for Small Business Growth in 2020

Posted by Matt Roberge on Nov 14, 2019 12:46:00 PM

As the saying goes, "failing to plan is planning to fail". This is never more true than in the world of small businesses. Looking back on the year, there may be many obvious mistakes that have prevented your company from seeing its full potential. In the coming year, there are several crucial steps that will ensure manageable and profitable growth for your small business.

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Topics: Small Business Bookkeeping, Bookkeeping System, Outsourced Bookkeeping

Your All-Inclusive End of Year Bookkeeping Checklist

Posted by Matt Roberge on Nov 4, 2019 9:51:27 PM

As we get closer and closer to year-end most businesses will begin thinking about taxes. One of the most hated words in the business world... taxes. By the time year-end passes and you actually start to think about your bookkeeping and taxes you are too late.

You need to attend to your bookkeeping before year-end and do some tax planning. Updating your bookkeeping and reviewing it prior to year-end is very important as you can actually do something about your tax situation before the turn of the calendar. Here is a must do now checklist for your year-end bookkeeping.

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Topics: Year End Accounting, Small Business Bookkeeping, Tax Tips, Year End Bookkeeping

Is Your Bookkeeping Holding You Back?

Posted by Leanne Armstrong on Jun 5, 2019 9:00:00 AM

Following best practices for bookkeeping is critical for your company’s long-term success. But with many newer ventures choosing to handle their own record-keeping activities, business owners who find themselves increasingly caught up in the day-to-day needs of their organizations often fail to recognize when they’ve outgrown their accounting approach.

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Topics: Financial Forecasting, Small Business Bookkeeping, Growth Coach

3 Great Reasons to Move Your Books to the Cloud

Posted by Leanne Armstrong on Dec 12, 2018 9:00:00 AM

With no software to install, moving your books to a cloud-based accounting program like QuickBooks Online offers a bounty of benefits – including the freedom to manage your finances from anywhere.

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Topics: Small Business Bookkeeping, Cloud-Based Accounting

Be Prepared When Opportunity Knocks, With Investor-Ready Financials

Posted by Leanne Armstrong on Feb 7, 2018 9:00:00 AM

Many entrepreneurs are so busy getting their businesses up and running that they give little thought to expanding or selling. But having a viable growth and exit strategy in place should be part of your company’s overall plan. Especially since being prepared when opportunity knocks, is often the best way to profit from your business investment.

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Topics: Small Business Bookkeeping, Investor Bookkeeping, Growth Coach

What History Can Teach Us About Small Business Bookkeeping

Posted by Leanne Armstrong on Jul 19, 2017 9:00:00 AM

Did you know that the bookkeeping methodology your small business uses every day is based on a practice that was centuries in the making? In fact, it’s probably safe to say that the concepts behind double-entry bookkeeping were a work in progress for thousands of years!

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Topics: Accounting Services, Small Business Bookkeeping, Growth Coach

In the Spotlight: The Secrets of Your Merchant Account Revealed

Posted by Leanne Armstrong on Jul 12, 2017 9:00:00 AM

Chances are, if your small business accepts debit or credit card payments from clients, you’re already familiar with the merchant account. At the most basic level, a merchant account is a special business bank account that allows your company to process electronic payment cards.

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Topics: Small Business Bookkeeping, QuickBooks Bookkeeping