Home About Services Blog Get Started Login
Book a Call

Are Your Restaurant Business Records Up To Date?

bookkeeper bookkeeping business management quickbooks restaurant restaurant accounting restaurant bookkeeping restaurant management restaurant management checklist restaurant record keeping restaurant sales tracker restaurant sales tracking Oct 28, 2023

So, if your restaurant business is already tax-ready and up-to-date, go ahead and keep on scrolling – you don’t need to read any of this.

But, if you’re like many small restaurant business owners:

  • Your financial software and bank statement data has fallen months behind
  • You haven’t seen a financial report on your business since your 2019 taxes were finished
  • And it’s been so long since you’ve opened your QuickBooks account, you don’t even remember what your log-in and password is

Don’t worry – you’re not alone. However, NOW is definitely the time to start working on getting current – NOT April 14th (especially if you don’t want to pay your accountant’s premium fees for last-minute rush work)

Here are 3 easy first steps to help you get started now without feeling overwhelmed:

  1. Plan for and block out scheduled time on your calendar just for this task, whether it’s a single afternoon, a full day, or more – treat that time slot with the same importance as a client meeting
  2. Gather up and/or download all your financial documents in one place. This includes bank statements, receipts (both hard copy and electronic), vendor invoices, mileage logbook, and other similar documents.
  3. Open up all your financial software and apps in one session and get refreshed.  Do you have the log-in information for everything?  Is your bank feed still connected to your software?  When was the last time you reconciled each account?  Write notes and create a checklist as you go.

Then you’ll know exactly where your business’ financial records are at, so you know how and where to get started!

 

Ready to transform your restaurant's finances? Whether you need Monthly Bookkeeping, a Catch-up Bookkeeping service, or want to embark on our DIY Bookkeeping Course, we've got you covered. Have questions or need more information? Don't hesitate to reach out. Let's talk about how we can support your business. Schedule your FREE 15-Minute Call today and let's get started on your path to stress-free bookkeeping!
 

Categories

All Categories #restaurantmanagement - restaurant accounting 1099s: your ultimate guide to navigating tax season accountant balancesheet bank loans bookkeeper bookkeeper near me bookkeeping bookkeeping for restaurant franchise owners bookkeeping for restaurant owners bookkeeping mistakes to avoid bookkeeping services bookkeeping software bookkeeping software for restaurant owners bookkeeping technology bookkeeping tips bookkeeping trick budgeting business management cash flow problems catching up on overdue bookkeeping clean up bookkeeping contract cost cotrol cutting costs in restaurant business delicious dinner employee management guides for restaurant owners expansion financial financial literacy financial management food inventory management food porn food service foodblogger full time hire a bookkeeper hospitality industry how to automate your workflow as a restaurant owner how to deal with restaurant cash flow problems how to deal with the most common cash flow problem as a restaurant owner how to link paypal with quickbooks online account how to self finance your business how to understand your numbers as a restaurant owner how to use quickbooks how to use zapier for restaurant owner ineedbookkeeping inventory inventory management inventory tracking kids linking paypal to qbs online account linking paypal to quickbooks online account manual bookkeeping money money management navigating bookkeeping solutions: addressing common challenges and simplifying the outsourcing process paypal profit and loss profit margins profitability profitandloss quickbooks quickbooks how to guide quickbooks undeposited funds restaurant restaurant accounting restaurant bookkeeping restaurant bookkeeping duties restaurant business restaurant cash flow problems restaurant inventory management restaurant life restaurant management restaurant management checklist restaurant owner restaurant owners restaurant payroll management restaurant profit and loss reporting restaurant profitability restaurant record keeping restaurant sales tax restaurant sales tracker restaurant sales tracking restaurant staff wages restaurant tax liabilities restaurant tips restaurantaccounting restaurantbookkeeping restaurantindustry restaurantlife restaurantowner restaurantowners restaurants sales tax sccounting simple restaurant accounting sitting inventory smart technologies for restaurant owners tax credits the food bookkeeper uncategorized using paypal to accept payment as a restaurant owner using your own money to start a restaurant business zapier