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Salt Lake City Bookkeeping Blog

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

Year-End Bookkeeping Checklist for the Small Business Owners

Posted by Matt Roberge on Oct 30, 2019 2:15:00 PM

It's that time of year again. Can you sense it? Year-end is just around the corner. The rivers are getting cold, the smell of fall is in the air, snow is starting to show in the mountains and everyone is getting excited for winter (at least our office is).

For many business owners Thanksgiving through Christmas is a time to take a laid back approach to their business. Taking that approach leaves you behind in your business and that is no way to start a new business year. Here is a year-end checklist for the small business owner.

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Topics: Small Business Management, Year End Accounting, Small Business Growth, Year End Bookkeeping

Year-End Bookkeeping Caught You Off Guard? Here’s How to Streamline the Process

Posted by Leanne Armstrong on Jan 23, 2019 11:25:00 AM

If you’ve been so preoccupied with running your business that year-end bookkeeping tasks have caught you off guard, don’t panic. Take a deep, calming breath and get ready to tackle those accounts with a plan for streamlining the process.

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Topics: Year End Accounting, Outsourced Bookkeeping, Year End Bookkeeping

January is not the Time for Bookkeeping

Posted by Matt Roberge on Jan 29, 2015 7:30:00 AM

A bookkeeping service is telling you that January is not the time for bookkeeping. Really? Why would we send this message? The truth is that we really believe that January is not the time to be focusing on your bookkeeping. However, many small business find themselves ensconced and overwhelmed by their bookkeeping and taxes in January, and typically continuing into the spring.

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Topics: Financial Forecasting, Financial Reporting, Business Budgeting, Small Business Growth, Grow Your Business, Year End Bookkeeping

Finding the Time for Your Small Business During the Holiday Season

Posted by Matt Roberge on Dec 10, 2014 7:18:00 AM

It can be really difficult to find time for your business during the holiday season. Many people focus on other things during the holiday season; and for good reasons. It is a great time to kick back, relax, and enjoy time with your friends and family. However, ignoring your business in between Thanksgiving and Christmas can be detrimental to the success of your business. There are so many important business tasks you need to accomplish prior to year-end and when they don't get done lack of time is typically to blame. You need to make sufficient time for your business during the holidays and here is what you should be focusing on.

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Topics: Financial Forecasting, Business Budgeting, Strategic Planning, Year End Bookkeeping

4 Critical Bookkeeping Tasks for December

Posted by Matt Roberge on Dec 3, 2014 7:00:00 AM

December is a critical month for every business on a lot of levels, but definitely from a bookkeeping aspect. Many small business owners struggle with finding the time for their business during the holiday season. However, putting your bookkeeping on the backburner in December is a huge mistake. There is too much to be done before year end for your books so you need to stay focused. Small businesses typically focus on hitting their sales goals, assessing the budget, or concentrating on their personal lives in December but your bookkeeping needs attention as well. Here are four critical bookkeeping tasks you need to attend to every December.

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

Do You Make Time for Your Small Business During the Holiday Season?

Posted by Matt Roberge on Nov 26, 2014 7:00:00 AM

Ahh the holidays are upon us. I typically equate the day before thanksgiving as the official start to the holiday season. It can be an overwhelming time of year on a lot of different levels. You need to make time for your family, try and shop without getting trampled, all while continuing to run your small business.

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Topics: Grow Your Business, Year End Bookkeeping

End of Year Tax Planning for Your Small Business

Posted by Marti Major on Oct 29, 2014 7:00:00 AM

Be proactive – start planning for taxes now.

Before the holidays hit, before the snow flies, before the busiest time of the year, you want to start your tax planning. Take the time to think about your 2014 taxes. Failure to plan and implement can cost you big time. Your time and your money are at stake. Leaning into the process and meeting it head on will reward you both in terms of less effort and likely less taxes to pay.

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

Does Accounting Slow Down After The Tax Deadline?

Posted by Matt Roberge on Jul 28, 2014 7:00:00 AM

This past winter I was taking a class with 29 other small business owners. I was having a conversation before class in early April with a CPA and one of our classmates walked up and said, "I bet you guys are psyched for taxes to be done." We both said yes and kind of laughed. Then we started talking again and mentioned to each other how accounting never really slows down. Just because tax season is over doesn't mean that accountants suddenly have nothing to do.

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Topics: Financial Reporting, Small Business Bookkeeping, Tax Tips, Year End Bookkeeping

Bookkeeping Tasks for Every Part of the Year

Posted by Matt Roberge on Jul 14, 2014 7:00:00 AM

There are bookkeeping tasks that need to be taken care of no matter what time of year it is. Many people only do their bookkeeping once a year for taxes but that is the equivalent of running your business blind. The key is that you need to understand what bookkeeping tasks you should be worried about no matter what time of year. 

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Topics: Bookkeeping Processes, Financial Forecasting, Financial Reporting, Year End Bookkeeping