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Restaurant Accounting 101: How to Keep Your Business Profitable

Running a restaurant is a big deal. From menu planning to customer service to ensuring your employees are well paid and happy, living life in the restauranteur lane can be stressful. Add accounting and monthly sales figures into the mix, and you’ve got a recipe for a meltdown.

December 13, 2019
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What Does Robot Process Automation Mean To Accounting?

With the emergence of Robot Process Automation (RPA), a slew of questions arise. What is the role of RPA? Can RPA help my small business? Will RPA automate the accounting process to the point that accountants are no longer needed, and people lose their jobs?

April 14, 2020
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How to Choose the Right Type of Business Entity for You

Contrary to what you might think, going into business can be a relatively simple process. Yes, you may have to comply with local or state licensing or registration requirements, but “your business” can be as simple as going out and doing well.

September 19, 2019
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Why Contribution Margin is an Important KPI
Why Contribution Margin is an Important KPI What is a KPI? Key Performance Indicators, or KPI’s as they are known in the business world, are critical to a business’s success. Key Performance Indicators are a critical indicator of progress toward an end result or goal in business. These KPI’s illustrate a business’s strengths and areas...
February 26, 2020
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How to Speed Up Collections of Accounts Receivable

One of the top killers of small businesses is anemic cash flow. If many or most of your sales are on credit, your P&L might look great, but if you aren’t collecting what you’re owed, you can soon find yourself unable to meet large critical disbursements like payroll, taxes, or supplier payments.

December 19, 2019
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Inventory Mistakes That Can Cost Your Business
Inventory Mistakes That Can Cost Your Business As a business owner, inventory is one most important aspects of your company. Without enough stock, you could have unhappy customers and lose business. If you have too much, you could lose money in storing your excess capital. If there is one area that causes companies to succeed...
February 19, 2020
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IRS Issues Regulations On Property Ownership And Improvement

The IRS noted that it had received many comments on the regulations, most of which it addressed in issuing the rules. (The AICPA submitted a comment letter recommending various changes, described here.)

August 11, 2012
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