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Monday 8:30am - 4:30pm Tuesday 8:30am - 4:30pm Wednesday 8:30am - 4:30pm Thursday 8:30am - 4:30pm Friday 8:30am - 1:30pm Saturday 8:30am - 11am

Solomon Bookkeeping LLC

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United States
Lehi, UT
Solomon Bookkeeping LLC

We provide financial clarity for strategic business decisions. We create relationships, not transactions. SolomonBookkeeping.us

As your dedicated partner, we bring calm to the chaos, insight to your numbers, and confidence to your financial future.

04/02/2026

Helping children and families in Tanzania through clean water, education, and medical care

Click the link in our bio to donate and make a difference.

12/23/2025

Transforming financial futures starts with a single step. Visit our website to discover how tailored bookkeeping services can empower your business decisions and lead to lasting success.

12/10/2025

Donate now to help students receive the education that they need to succeed and thrive in society. Learn how you can help out today at www.africompassion.org

07/09/2025

The Difference Between Cash and Accrual Accounting (Part 2:3):
Pros and Cons
Which method is better? It depends on your business.

💰 Cash Method:
✅ Easier to manage
✅ Reflects real cash in/out
❌ Can miss the big picture

🗓 Accrual Method:
✅ Matches income and expenses to when they happen
✅ Gives a more accurate view of profitability
❌ Requires more tracking

If you’re planning to grow, accrual accounting can give you the insights you need.

👉 Let’s figure out what’s right for you.
Call me at 801-753-8076 or schedule your free consultation.

07/07/2025

The Difference Between Cash and Accrual Accounting (Part 1:3): The Basics

Ever wonder what “cash or accrual” really means for your business?

Here’s the simple breakdown:
💰 Cash accounting: Record income and expenses when money actually moves.

🗓 Accrual accounting: Record them when they’re earned or incurred, even if you get paid later.

💵 Cash = simpler.
🗓 Accrual = clearer picture of your business.

If you’re unsure which approach fits you best, let’s talk.
Call me at 801-753-8076 or schedule a free consultation.

07/01/2025

Halfway through the year already… how are your books looking? 👀

If tax season felt like a mad dash just to file on time, you're not alone. A lot of business owners barely made it through—and now’s the time to change that.

You’ve still got time to:
– > Get caught up and cleaned up
– > Plan ahead instead of playing catch-up
– > Actually use your numbers to make smart decisions

That’s what I help with. Whether you’re scaling, streamlining, or just done trying to do it all yourself, I bring order to the chaos and clarity to your finances.

Let’s talk now so next tax season doesn’t hit you like a freight train.

06/25/2025

The Hidden Cost of DIY Bookkeeping 😶‍🌫️

Common Bookkeeping Mistakes That Could Be Costing You – Part 1

If you’re handling your own bookkeeping (or having someone "figure it out"), you might be leaving money on the table.

Here are 3 common mistakes, and they add up:

🔹 Mixing Personal & Business Accounts
This makes tax time a nightmare and often results in missed deductions.

🔹 Overlooking Monthly Reconciliation
If you’re not reconciling regularly, you could be missing errors, fraud, or cash flow issues.

🔹 Using Catch-All Categories
Labeling everything as “miscellaneous” or “supplies” isn’t just sloppy—it means you’re not seeing the real story in your numbers.

➡️ These mistakes don’t just cost you clarity, they can cost you real dollars.

Coming up in Part 2: How to clean up your books and avoid these pitfalls.

06/22/2025

📊 𝗦𝗮𝘃𝘃𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗼𝘄𝗻𝗲𝗿𝘀 𝗸𝗻𝗼𝘄: 𝘀𝗼𝗹𝗶𝗱 𝗯𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴 𝗶𝘀𝗻’𝘁 𝗷𝘂𝘀𝘁 𝗮𝗯𝗼𝘂𝘁 𝘀𝘁𝗮𝘆𝗶𝗻𝗴 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝘁—𝗶𝘁’𝘀 𝗮𝗯𝗼𝘂𝘁 𝗺𝗮𝗸𝗶𝗻𝗴 𝗰𝗼𝗻𝗳𝗶𝗱𝗲𝗻𝘁, 𝗱𝗮𝘁𝗮-𝗱𝗿𝗶𝘃𝗲𝗻 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻𝘀.

If you’re ready to set up a system that saves time, scales with your growth, and keeps your financials crystal clear, this 3-part series is for you.

Here’s what we’ll cover:

𝘗𝘢𝘳𝘵 1 – Setting the 𝗳𝗼𝘂𝗻𝗱𝗮𝘁𝗶𝗼𝗻: accounts, software, and structure
𝘗𝘢𝘳𝘵 2 – Building 𝗵𝗮𝗯𝗶𝘁𝘀: weekly & monthly workflows that keep your books clean
𝘗𝘢𝘳𝘵 3 – Avoiding 𝗽𝗶𝘁𝗳𝗮𝗹𝗹𝘀: common mistakes and how to future-proof your finances

👇 Let’s start with Part 1.

𝗧𝗵𝗲 𝗕𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴 𝗦𝗲𝘁𝘂𝗽 𝗬𝗼𝘂’𝗹𝗹 𝗧𝗵𝗮𝗻𝗸 𝗬𝗼𝘂𝗿𝘀𝗲𝗹𝗳 𝗙𝗼𝗿 𝗟𝗮𝘁𝗲𝗿
Before revenue starts rolling in, you need structure. Here's how to set up a foolproof bookkeeping system from day one:

✅ Open a dedicated business bank account (never mix personal and business)
✅ Choose your accounting method: cash or accrual
✅ Pick bookkeeping software that fits your needs (QuickBooks, Xero, Wave)
✅ Set up a clean, simple chart of accounts — no clutter, just clarity
✅ Create a system for managing receipts and invoices (cloud folders, scanner apps, or automation tools like Dext)

🔑 Pro Tip: Spending one hour with a bookkeeper now can save you hundreds later, especially if you’re building for scale.

💬 Want help getting your system in place?
DM me or connect for a free consultation.
𝙇𝙚𝙩’𝙨 𝙗𝙪𝙞𝙡𝙙 𝙮𝙤𝙪𝙧 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙛𝙤𝙪𝙣𝙙𝙖𝙩𝙞𝙤𝙣 𝙧𝙞𝙜𝙝𝙩 𝙛𝙧𝙤𝙢 𝙩𝙝𝙚 𝙨𝙩𝙖𝙧𝙩.

06/16/2025

𝗖𝗮𝘀𝗵, 𝗖𝗹𝗶𝗲𝗻𝘁𝘀, 𝗮𝗻𝗱 𝗖𝗹𝗮𝗿𝗶𝘁𝘆 – 𝗧𝗵𝗲 𝗟𝗮𝘀𝘁 𝟯 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗬𝗼𝘂 𝗡𝗲𝗲𝗱

You’ve seen the big picture. Now let’s zoom in on the daily stuff that keeps your business running.👇

💸 𝗖𝗮𝘀𝗵 𝗙𝗹𝗼𝘄 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁
This tracks money in and money out.
✅ Helps you see if you can cover your bills
✅ Keeps you from getting blindsided by a cash crunch
✅ Shows how sustainable your business really is

➡️ You can be 𝘱𝘳𝘰𝘧𝘪𝘵𝘢𝘣𝘭𝘦 𝘰𝘯 𝘱𝘢𝘱𝘦𝘳 and 𝘴𝘵𝘪𝘭𝘭 𝘩𝘢𝘷𝘦 𝘢 𝘤𝘢𝘴𝘩 𝘧𝘭𝘰𝘸 𝘱𝘳𝘰𝘣𝘭𝘦𝘮. This report tells the real story.

📆 𝗔𝗥 𝗔𝗴𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁
Ever had a client forget to pay you?
This report shows you:
✅ Who owes you money
✅ How long they’ve owed it
✅ When to follow up (and how urgent it is)

➡️ It helps you 𝗽𝗿𝗼𝘁𝗲𝗰𝘁 𝘆𝗼𝘂𝗿 𝗰𝗮𝘀𝗵 𝗳𝗹𝗼𝘄 and 𝘀𝘁𝗮𝘆 𝗼𝗻 𝘁𝗼𝗽 𝗼𝗳 𝘆𝗼𝘂𝗿 𝗿𝗲𝗰𝗲𝗶𝘃𝗮𝗯𝗹𝗲𝘀.

📊 𝗕𝘂𝗱𝗴𝗲𝘁 𝘃𝘀 𝗔𝗰𝘁𝘂𝗮𝗹
This compares what you planned vs. what really happened.
✅ See where you're overspending
✅ Spot income gaps early
✅ Make better decisions for the months ahead

➡️ It keeps you grounded and 𝗴𝗶𝘃𝗲𝘀 𝘆𝗼𝘂 𝘁𝗵𝗲 𝗰𝗹𝗮𝗿𝗶𝘁𝘆 𝘁𝗼 𝗮𝗱𝗷𝘂𝘀𝘁 before things go off track.

You don’t have to figure all this out alone.
If you’re ready to make these reports actually make sense for your business, I’d love to help.
𝗦𝗘𝗡𝗗 𝗠𝗘 𝗔 𝗠𝗘𝗦𝗦𝗔𝗚𝗘 𝗛𝗘𝗥𝗘 𝗢𝗡 𝗟𝗜𝗡𝗞𝗘𝗗𝗜𝗡 𝗼𝗿 𝗘𝗠𝗔𝗜𝗟 𝗠𝗘: 𝘁@𝘀𝗼𝗹𝗼𝗺𝗼𝗻𝗯𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴.𝘂𝘀

hashtag hashtag hashtag hashtag

06/13/2025

𝗣&𝗟 + 𝗕𝗮𝗹𝗮𝗻𝗰𝗲 𝗦𝗵𝗲𝗲𝘁 — 𝗪𝗵𝗮𝘁 𝗧𝗵𝗲𝘆 𝗔𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗠𝗲𝗮𝗻 𝗳𝗼𝗿 𝗬𝗼𝘂
Let’s break down the first two reports in your monthly financial toolkit 👇

📄 Profit & Loss Statement (P&L)
This shows your income, expenses, and profit over a period of time.
✅ It tells you if your business is truly profitable
✅ It highlights where your money is going
✅ It helps you spot trends — good or bad

➡️ Think of it like a progress report for your business.

🧾 Balance Sheet
This one shows what your business owns, what it owes, and what’s left over.
✅ Assets = what you own
✅ Liabilities = what you owe
✅ Equity = what’s yours

➡️ It’s a snapshot of your business’s financial health.
If you’ve ever felt unsure whether your business is really okay, this report gives you the facts.

Don’t worry — we’re not done yet.
Next up: the reports that help you manage cash, client payments, and budgets 💵

06/12/2025

𝗧𝗵𝗲 𝟱 𝗠𝘂𝘀𝘁-𝗛𝗮𝘃𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 (𝘔𝘢𝘥𝘦 𝘚𝘪𝘮𝘱𝘭𝘦)
Let’s be real — most small business owners didn’t start their business to stare at spreadsheets.
The truth is that understanding your financial reports is one of the most powerful things you can do as a business owner.

If you hear terms like “P&L” or “Balance Sheet” and your brain wants to shut down… I get it.

But here’s what I want you to know:

👉 You don’t have to be a numbers person to feel confident about your business.

👉 You just need clarity.

Here are 5 reports you should be reviewing every month:

• Profit & Loss Statement
• Balance Sheet
• Cash Flow Statement
• Accounts Receivable (AR) Aging
• Budget vs Actual

Over the next few posts, I’ll break these down in plain language and show you why they matter.

Because when you understand your numbers, you make decisions with confidence.

Let’s make it make sense ✨

Address

Lehi, UT
84043

Opening Hours

Monday	8:30am - 4:30pm
Tuesday	8:30am - 4:30pm
Wednesday	8:30am - 4:30pm
Thursday	8:30am - 4:30pm
Friday	8:30am - 1:30pm
Saturday	8:30am - 11am

Telephone

+18017538076

Website

http://SolomonBookkeeping.us/

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