Salt Lake City Bookkeeping Blog
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Salt Lake City Bookkeeping blog keeps you informed with bookkeeping tips and general business ideas. The mission is to set up customized small business bookkeeping systems that business owners and managers can use as a tool to help make key business decisions.
Salt Lake City Bookkeeping Blog
1y ago
As a restaurant owner, your fortè is most likely not related in any way to bookkeeping. Additionally, employing someone is pricey and comes with other costs besides a salary. From health benefits to unemployment taxes, keeping a full-time in-house bookkeeper equals more than you want to spend ..read more
Salt Lake City Bookkeeping Blog
1y ago
Law firms face new challenges every day as technology advances and security becomes more and more important. With the new remote work environment, it is essential that workflow processes keep up with the changes. This equates to eliminating manual work, maximizing performance, and helps to strengthen case victories ..read more
Salt Lake City Bookkeeping Blog
1y ago
When many restaurant owners think about bookkeeping, it creates a feeling of dread. Between managing employees, food orders, clean-ups, customer complaints, banking, and everything else that goes along with the industry, a restaurateur often ends up overwhelmed. The last thing you want to do is keep up with bookkeeping but is a vital part of your success.  ..read more
Salt Lake City Bookkeeping Blog
1y ago
With the past two years of Covid behind us, we would all hope to start seeing great margins come back. However, even in a post-Covid time, there are still a lot of things that are jeopardizing those margins. Things like higher food costs, supply problems, and consumer behaviors have changed.
Restaurant owners now see trends of even tighter margins in the industry. Currently, full-service restaurant profit margins are between 2-6%, while fast food or food trucks hover around 6-9%.
But don't be distressed by this news as savvy managers learn ways around this new normal. So, lock in on these uni ..read more
Salt Lake City Bookkeeping Blog
2y ago
As a small business owner, figuring out ways to save on expenses is a constant battle. There are some ways this works and others that don't. Do-it-yourself payroll is one place you might want to avoid cutting costs.
In the old days, the owner could simply grab some cash from the drawer and pay employees. Some small businesses just write a check and assume the payroll is all done! But payroll is more than just keeping track of hours and pay rates. Today's business owner needs to understand federal tax deductions, but it is more than just knowing how to calculate taxes.
Local, state, and federa ..read more
Salt Lake City Bookkeeping Blog
2y ago
The pulse of the hotel industry is customer satisfaction and repeat business. Hotel owners and managers focus all of their efforts on meeting these two goals and everything else becomes less important. Of course, there is a long list of ways that customers become satisfied and keep coming back. This equates to a continuous, day-to-day, sometimes moment-by-moment excellent performance which keeps everyone super busy ..read more
Salt Lake City Bookkeeping Blog
2y ago
Property management is a complicated matter without the proper software. Many companies are looking to use QuickBooks Online and integrate it with a property management app.
Most are looking for something that allows tracking of tenants, rents, invoicing landlords and repairs, training, financials, maintenance, and more.
Finding a simple and seamless integration is frustrating. Still, several apps work well with QBO and provide all the critical advantages needed in property management software ..read more
Salt Lake City Bookkeeping Blog
2y ago
Toast is a very popular restaurant point of sale (POS) system. If you have Toast you obviously want to know how to extract the relevant data and efficiently get it into your accounting system.
From an accounting perspective I only look for two things from a restaurant POS system:
Is it a cloud-based system?
Does it properly integrate with QuickBooks Online?  ..read more
Salt Lake City Bookkeeping Blog
3y ago
The majority of business owners are trying to grow, right?
And they will give all sorts of reasons for why they aren't achieving their growth goals.
The most common excuses I hear for coming up short on business goals are the lack of time and money.
But is lack of time and money really holding you back?
Or is it the ability to develop a strategy, and the confidence to execute that strategy ..read more