Tag Type
Tag Date Filters
How To Correctly Account For Gift Cards
Get To Know These Gift Card Accounting Scenarios Once the winter holidays have concluded and the push for gift card sales has ended, it’s time to correctly account for gift […]
Year-End Audit Essentials: GAAP Checklist
Take The Time To Reconcile Your Balance Sheet As the year comes to a close, many are already preparing for their upcoming audit or review. From my experience, these processes […]
How Service Fees Affect Your Accounting And Financial Reporting
For years, credit card fees have been known as ‘the cost of doing business,’ but as costs continue to increase, we are also seeing an increase in the number of […]
Avoiding Common Lease Accounting Pitfalls
As the year-end draws near, many restaurant companies that report under US GAAP are finalizing their lease accounting. During this process, we often observe common mistakes when closing the year. […]
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 […]