Posts Tagged “Restaurants”

Understanding The Complexities of Bookkeeping for Restaurants

Restaurant bookkeeping is unique. It can be intimidating–even for seasoned, well-rounded restaurant owners–because it’s a complex practice with many moving pieces. Keeping restaurant books is also time-consuming, time-sensitive, and dependent on accuracy. But it is critical for making finance-driven business decisions. Do you Need Professional Cincinnati Restaurant Bookkeeping? You may have heard the saying: “know your strengths, […]Read More

Best Delivery Service for Restaurants

Over the past 5 years, the food delivery industry has grown by 20% making it a $100 billion-plus industry. The food delivery trend is here to stay, and many restaurants, big and small, are looking to grow their customer base to new and regular customers who prefer to stay in. Not sure where to start […]Read More

#Stopsucking and Go Green!

It’s not a secret that most restaurants produce large amounts of garbage and use large amounts of water and energy. But consumers are starting to become more environmentally conscious, worrying about global warming and pollution. A study done by Purdue University found two thirds of today’s restaurant customers are willing to spend more if a […]Read More

Food Truck Industry Gets “Lean”

Own a food truck? Need bookkeeping help? Send Us A Message to chat about how we can help you. In the technology community, the lean startup model is a common strategy used for new businesses. According to The Lean Startup, the lean startup method provides a scientific approach to creating and managing startups and get […]Read More

Employee Retention for Restaurants

What makes a server stay at one restaurant vs. look for work elsewhere? We interviewed a server, Kenzie, at a popular downtown restaurant to find out! Question: What made you choose to work at the restaurant you are currently employed at? Answer: “The company and the bosses are super nice and willing to talk to […]Read More

How Companies are Using IGTV

Instagram recently released a new feature on their app called IGTV that shows vertical full screen videos, up to an hour long, for the accounts you follow. Instagram’s CEO and Founder Kevin Systrom describes the feature as “Just like turning on the TV, IGTV starts playing as soon as you open the app. You don’t […]Read More

5 Tips for Customer Retention

In the restaurant industry especially, repeat customers make up a significant amount of your business. According to investor and entrepreneur Gary Vaynerchuk, the likelihood of a first time customer returning to a restaurant that they enjoyed, is about 40%. If they come back the second time and have another positive experience, there is about a […]Read More

Social Media Tactics for Restaurants

How do people find new restaurants to try? Most people turn to the internet! While having a presence on sites like Yelp is a must, restaurants should also have a presence on social media. Whether you choose to use Facebook, Instagram, Twitter, or a combination of multiple popular social media sites, here are a few […]Read More

Common Mistakes of Restaurant Accounting

Own a restaurant? Need bookkeeping? Send us a message to chat about how we can help. Let’s say you have a great homemade pizza recipe and you want to open a restaurant. You’re a great cook, but you have no business experience. What could possibly go wrong? Restaurants are known to be one of the most difficult […]Read More

Custom Website by WeGo Unlimited | Cincinnati Website Design

The Critical Importance of Bookkeeping for Small Business

Small businesses usually have a lean staff that works very hard. Even if one of those over-worked individuals has a head for numbers, it can be difficult for them to find time to record every transaction properly. But knowing where you stand financially is critical for the small business owner. You need to know if you are going to be able to make payroll, if you have outstanding receivables, and whether you can afford to expand. A good small business bookkeeper can not only provide the regular reports you need to answer these questions, they can also assist you in making all your office processes more efficient. From staying in good standing with the IRS to making informed decisions, bookkeeping is important to nearly every aspect of your business. If your bookkeeper uses cloud-based accounting software, you can see how things are going anytime, anywhere with an internet connection.