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Accounting For Termination Costs Under US GAAP
In the fast-paced restaurant industry, managing workforce changes effectively is crucial for maintaining operational efficiency and financial stability. When a restaurant company decides to reduce its workforce and maintain, it […]
Accounting For Software Implementation Costs
This past year, many restaurant companies have implemented new Enterprise Resource Planning (ERP) solutions, including general ledger (GL) software, due to current platforms sunsetting or additional capabilities to manage the […]
Year-End Audit And Lease Accounting Reminders
As in previous years, we are pleased to provide restaurateurs with an annual reminder of items to keep on the radar before the annual financial statement audit. Planning is the […]
Restaurant MasterClass – Mastering Lease Accounting: A Recipe for Restaurant Success
Webinar length: 60 min. To successfully navigate the intricate world of lease accounting and prepare for the second year of standards, it’s critical to understand the potential challenges that lie […]
New-And-Improved Accounting Rules For Common Control Leases
On March 27, 2023, the Financial Accounting Standards Board (FASB) published narrowly drawn amendments to the lease accounting rules. The updated guidance clarifies issues that are relevant to rental agreements […]
Top 10 Restaurant Topics In 2023
Keeping up with the ever-changing business environment doesn’t have to be taxing! Check out the top 10 restaurant topics we’re keeping an eye on. Labor Shortage and Wage Increase: […]