
Seriously, I don’t understand how any competent business owner can tell me they are running a successful business without updated financial reports. If you are the type of person who runs their business strictly based on a cash balance in the bank, then you are doing it all wrong. Small business owners often struggle with cash flow despite profitability, needing effective tools and methods for better financial management.

New clients typically ask two things:
All of our services are based on a fixed monthly rate, customized around your needs and your budget. Bryan P. Stephens graduated from the University of Utah with a Bachelor of Accountancy degree and has over 31 years of experience in the accounting industry. He established Stephens Management Corporation, an accounting firm that works with business owners to improve profitability and minimize their yearly tax liabilities. Stephens Management Corporation has helped business owners to save on taxes and grow in their respective industries. Bryan’s partnership with B&B Bookkeeping and Accounting Services provides business owners with exceptional bookkeeping services. ” This is usually the first question we hear when we introduce ourselves.
We Get to Know Your Business
Now I get clean, tied-out financials just weeks after Dec 31st. Get a customized system that allows you to make better strategic business decisions. Restaurant tax deductions can be easy to come by, but difficult to understand. Learn what’s available and how you can take adjusting entries advantage of these. Find out how to increase margins with strategic plating and smart pricing methodologies. You understand that we cannot and do not guarantee or warrant that files available for downloading from the internet or the Website will be free of viruses or other destructive code.
Grow your business
- Using QBO reports to analyze and organize your books gives business owners a pathway to good financial health.
- In his free time, he teaches his kids to care for the family’s small farm and enjoys other outdoor activities.
- The starting salary for this position is $45,000 to $52,000 depending on experience.
- He graduated from the University of Central Florida with a BA in Business.
- Any User Contribution you post to the site will be considered non-confidential and non-proprietary.
- Clear financial understanding is essential for businesses during recessions, emphasizing accurate bookkeeping for strategic decision-making and sustainable profitability.
Restaurants should slc bookkeeping be looking at sales vs. cost of goods sold ratios as well as labor ratios. There is also an online employee portal and they have great HR support. You should see the information for your QBO account and can change any information through settings. One of the reasons we love connecting to QBO and to any restaurant POS system from Shogo is the steps and amount of time it takes. At that point, you should be able to see all the restaurant locations and pick the one you’re attempting to connect to. So, for this example, we’ll utilize Toast, although the setup process will more than likely be similar or the exact same for the rest of the systems.
- But we changed the game by building a system that gave us visibility, confidence, and control.
- Gain important insights through a clearer cash flow statement or variance analysis, or create a budget and forecast that makes sense for the way you do business.
- If you called me with a question I most likely could address the problem with you.
- He works with a large variety of industries including construction, restaurants, non-profits, medical, real estate, and much more.
- Cloud systems function just like software located on a terminal in the office.
Cost of Labor
Becasuse of all this we make ourselves available virtually 24/7 to help alleviate stresses that may and will arise. Business consulting is also part of the services we offer at SLC Bookkeeping. Bookkeepers tend to be analytical and can offer deep insights into the company’s business based on financial facts. By creating and running financial reports and helping business owners with budgeting, planning, and forecasting, bookkeepers as consultants offer a valuable service. Above Sea Level is our weekly drop for small business owners who want to rise above Liability Accounts the noise and run smarter. Each issue delivers clear, actionable insights on bookkeeping, forecasting, and financial strategy—plus real stories from business owners like you.


However, businesses today also have many other options when it comes to bookkeepers. For instance, outsourcing your bookkeeping is now easier than ever. Outsourced bookkeeping can be both cost and time effective, too, providing you with great bookkeeping services without adding another employee to your payroll. With SLC Bookkeeping, you get expert financial support at a fraction of the cost—without sacrificing quality or control.
Unlocking Tax Savings with Deductions Beyond Itemizing
It is a condition of your use of the Website that all the information you provide on the Website is correct, current, and complete. Helping small businesses grow through an understanding of their finances is our true passion and we would love to help you. Another common question we get is, do we offer services outside of Salt Lake City and Utah? We have clients all over the country, so we are able to help you with your bookkeeping no matter where you are located.
- Seriously, I don’t understand how any competent business owner can tell me they are running a successful business without updated financial reports.
- To be honest, we get a lot of monthly recurring bookkeeping clients this way.
- You are required to have a quiet dedicated home office and reliable high-speed internet.
- If you’re a business owner or entrepreneur, you undoubtedly have a passion for what you do.
- The same bottle that costs $15 in your local liquor store could cost $30 or $45 when you’re out.
- No assumptions—just real conversations that help us get aligned from the start.
If you imagine bookkeepers hunched over dusty old ledgers, think again. Today’s bookkeepers are more likely to be tapping away at their computer keyboards than they are to be tallying up figures in a ledger. Before diving into what your company needs, let us take a closer look at the role of the bookkeeper within small to mid-sized organizations. Whether you’re catching up, expanding, or bracing for an audit, you’ll have the documents—and the strategy—to move forward with confidence.