Does this sound familiar?
Oct 06, 2022
Does any of this ring a bell?
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Your financial software and bank statement data have fallen months behind.
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You haven’t seen a financial report on your business since your 2021 taxes were finished.
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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.
If you’re nodding your head yes, don’t worry – you’re not alone.
Many small restaurant business owners are guilty of this and instead of jumping right into the feeling of overwhelm I am going to give you some tips to get you back on track!
Step number one is to action right NOW. It is definitely the time to start working on getting current – NOT waiting until the last minute (hint hint April 14th, especially if you don’t want to pay your accountant’s premium fees for last-minute rush work)
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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
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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.
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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.
Doing this will help you get to know exactly where your business's financial records are at, so you know 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!
