Thursday, April 23, 2009

Does your company stand out?

I downloaded this free picture from I have seen many similar pictures, but I think they really portray something important in business.

When you look at your competition, do you stand out? What makes you unique? Why would I choose you over the next guy?

Well, I hope that you have responses for these questions, and it is good to reflect on these things regularly. You don’t ever want to lose those core values that make you and your business unique. In this time of recession it is even more important to be creative and unique in your approach to your particular business and target marketing. Ever wonder how some companies just seem to thrive no matter what kind of economy there is?

Monday, April 13, 2009

Benefits of Outsourcing Accounting and Bookkeeping Services

-Improve Business Focus: Get back to doing what you do best. Limit time and resources you spend on admin tasks.

-Free Key Employees: Redirect valuable employees to focus on crucial revenue generating activities.

-Work with Experts: Rest assured that the people handling your accounting are experienced, well trained professionals.

-Reduce Business Risk: Outsourcing payroll and other HR tasks helps limit your company’s risk exposure.

-Lower Your Accounting Costs: Surprisingly, this is one of the rare times where you can actually pay less for more!

Is outsourcing right for your business? Obviously, it is not for everyone. But for most, taking the next step to enhance your business is a logical one to make.

Visit us at to learn more about our services.

Saturday, April 11, 2009

Small business accounting services in Utah

My primary focus with my company is the daily bookkeeping for small businesses.  We are unique in that we specialize in serving individuals and small businesses with their accounting systems (organizing and maintaining them).  We provide all bookkeeping services (daily entries, accounts payables, accounts receivables, payroll, sales tax, reconciliations, financial reporting, etc…).  We recognize that most small businesses don’t have the budget to hire a full time CFO for their business.  In fact, most businesses actually go towards the other side of the spectrum and hire a college student, or try to do the accounting by themselves.  Our services are comparable in price to hiring a college student, but we have the expertise to keep your business organized and to give you professional advisement like a CFO.  We specialize in QuickBooks software, but use other systems as well depending on what our client needs, or is already set up on. 


Thursday, April 9, 2009

Provident living...key to weathering the storms

In the past, most of us have been able to get by through borrowing money and leveraging our lives through mortgages and credit cards.  As a result, most of us are feeling the backlash of enslavement to such debt.  Interest never sleeps!  Hopefully, we are taking advantage of the lessons that can be learned from these difficult times.  The economy is hurting worldwide.  Almost everyone believes that it will get worse before it gets better.

It is so important that we make changes to the way we do things financially.  The first step is attacking our debt and working on becoming debt-free.  For some, that is a very long term goal.  For others, it is something that can be done by applying simple principals and showing self-discipline.  We all need to learn to live more providently.

Friday, April 3, 2009

Paying off credit card debt, or building savings?

The other day my wife told me about some financial guru who was on the Oprah show. My wife really thought the advice this woman gave was good advice. I thought so as well. What do you think?

The advice that she gave was that instead of paying off your credit card debt, you should build up your “savings” or “emergency funds” to cover 8 months of income. The reason being that once you pay off that credit card debt most credit card companies are going to decrease your limit drastically as a result of the current economic condition we are in. It doesn’t matter if you are never late.

So, if you decide to pay off your credit card debt first and you have something come up, some kind of emergency, you can’t rely on putting it on a credit card…instead you need to have funds available that you can access immediately. I have seen some of my clients who pay off their credit cards every month receive a notice that their limits are being drastically reduced. My wife and I also had that same experience with one of our personal cards. We went from a limit of well over $12,000 to a limit of $1,000 in a matter of months.

Don’t find yourself breaking the piggy bank!

Thursday, April 2, 2009

QuickBooks is a fantastic business tool

QuickBooks is a great tool for small businesses to organize their accounting in a way to generate the kind of information that owners need to make crucial decisions. Here at Your Personal Accountant, Inc. we specialize in QuickBooks software and understand just how powerful a tool it can be for your business. We have been helping small businesses in Utah (from start-ups, home-based businesses to small businesses who have been around over 60 years).

Visit our website at to learn more about how we can help you and your business. Remember, "It is impossible to control or manage anything that you do not or cannot properly and accurately measure." A lot of small businesses live or die by their accounting...we can help breathe life into the way you look at your business.

(c) 2009 Your Personal Accountant, Inc.

Orem, UT Bookkeeping Experts