Las Vegas Bookkeeping

June 20th 2020,

Why write a blog about bookkeeping in Las Vegas? Well, besides the SEO implications, I thought it was important to specify what is unique about the Las Vegas business market. I wanted to give my own perspective on the subtleties and intricacies of the small business side of Sin City and its affects on accounting and bookkeeping.

Las Vegas is a city like none other. It has a 24 hour life cycle like a big city. However, other than the Strip area it is a pretty tame lifestyle. Most areas are akin to your typical suburban life with strip malls, Walmart's, Home Depot's, amazing local restaurants and so much more. Like most small towns across America, small businesses are the lifeblood of the city. Yeah, the major casinos and big sports stadiums are always in the headlines, but what keeps us all here is our own little communities scattered around the area. There is such amazing variety from Summerlin, Aliante, Henderson, Southern Highlands and everywhere in between.

So how does this affect the bookkeeping and accounting in our area and how is that different from the rest of the world. I mean, books pretty much the same whether you live in Vegas or Arkansas right? Well, yeah, but... how you interpret the data is completely different. In Vegas alone I would probably advise a client differently based on its location. One pizza place located on the strip is going to have much higher occupancy rates, a much lower marketing budget and higher prices than your local pizza joint. So it only stands to reason that every region throughout America will have its own set of circumstances.

That is why you should either get the lay of the land if your planning on expanding into a new area or hire someone locally to advise you on these subtleties. Your typical bookkeeper wont go that in depth with your books. Usually they will record your transactions, generate your financial statements (P&L and balance sheet, sometimes a statement of cashflow, more on those in a later blog) and charge you $250 a month minimum. I know because I checked their rates.

Here's the thing, as a small business owner, the best investment you can make "In Your Business" is someone who can bring an outside perspective and guide you in the right direction. Its so easy to veer off course when your motoring along running your business. Also, like my homepage says, you don't know what you don't know... So take a risk, spend some money on an expert consultant, who knows it may just be the difference you need to expand, grow and transition from owning your job to owning a business.

-Alex Wasserman

President of Business Operations

In Your Business LLC