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Restaurant

Steps to Efficient Restaurant Accounting

Running the day-to-day operations of a restaurant is already a hectic job, but when you sit down to crunch numbers, things can start to feel very overwhelming. Restaurant accounting is critical to a successful business, but is often overlooked (or avoided) due to the difficulty in tracking and interpreting all those numbers. Fortunately, there are […]

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Restaurant

How Restaurant Accounting is Unique

Many people think that accounting is just accounting, but it can differ a bit from industry to industry. Restaurant accounting uses many of the same methods that are used in other types of businesses, but there are some nuances. Let’s take a look. Accounting methods In the restaurant industry, you can use either the cash […]

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Business Outsourcing

Outsourcing to Solve Great Resignation Fallout

There has been a labor shortage in the United States since 2021. There are many interconnected reasons this shortage is happening. While it will eventually ease, now is an excellent opportunity to reevaluate your business’s relationship with outsourcing. It will help alleviate the effect of the Great Resignation on your business in the short term, […]

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Business

The Top Reasons Businesses Move to the Cloud

Small business owners wear a lot of hats. You are an employee, stakeholder, manager, jack-of-all-trades, as well as owner. The last two years even added more challenges. You had to handle mask mandates, shutdowns, and remote work. If you’ve never dealt with remote work before, “cloud hosting” might be a term you’ve heard of but […]

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Restaurant

Cost Management Tips for New Restaurant Owners

Opening a new restaurant is always considered a risk, but it seems especially daunting in the wake of the pandemic. There are many startup costs, from leasing fees and new equipment to staff and supplies. With that said, it’s good to have a solid financial plan from the start. Here are just a few strategies […]

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Business

The Importance of Personal Relationships in Advisory Services

Personal relationships are important when you provide traditional accounting services, but they increase in importance by many orders of magnitude when your firm provides advisory services. But how do you build personal relationships with your clients, staff, and vendors? In this article, we will look at a few ways to refocus your staff on the […]

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Business

PPP Loan Forgiveness Over and Above Sigh of Relief

Quick Excerpts of PPP Loan: : On April 3, U.S. Congress launched the Paycheck Protection Program (PPP Loan) with $349 billion in funding for providing relief to small businesses during the coronavirus pandemic. The small businesses including tax-exempt not-for-profits organizations, veteran organization, Tribal Concerns, self-employed individuals, sole proprietorships and independent contractors who were in operation […]