Salt Lake City Bookkeeping Blog

One of the major restaurant point of sale systems is NCR Aloha Restaurant POS Software.  We are very familiar with Aloha as we have been using it for our restaurant bookkeeping clients for over a decade.  Aloha has always offered a very user friendly software that also works well from a bookkeeping perspective.  Here is a guide on how to use Aloha for your restaurant bookkeeping.

Small business bookkeeping tends to get the back burner a lot.  If you are a small business owner handling the bookkeeping yourself it is easy to put off your bookkeeping because there are so many other things to do.  Bookkeeping doesn't seem like it directly makes you money so it is easy to put off until a later time.  However, I have noticed that owners don't seem to have a problem sending invoices out, probably because it brings money in.  Your bookkeeping should be a tool that you use to aid you in making business decisions and running your business.  Here is a short list to close out your monthly bookkeeping for your small business. 

Restaurant bookkeeping for a restaurant group that has multiple locations can be tricky.  With several restaurant locations you have quite a bit going on.  You have invoices and bills to deal with as well as credit card and cash deposits for each location.  You must be an experienced restaurant bookkeeper to implement a restaurant specific bookkeeping system that will work.  With over a decade of restaurant bookkeeping and management experience we have developed a pretty solid bookkeeping system for multi-location restaurants.  

Mindbody is a popular online business management software in the health and wellness industry.  Mindbody clients include yoga studios, fitness gyms, salons and spas just to name a few.  Yoga bookkeeping is one of our industry specialties at Salt Lake City Bookkeeping.  We also service a few other industries that use Mindbody including the fitness industry.  The software is easy to use and overall our clients seem happy with both its functionality as well as the customer service.  Having a bookkeeper consult you that has experience using Mindbody will ensure that your bookkeeping is being handled properly.  If you are using Mindbody for your business software here are a few tips for bookkeeping using Mindbody.

We have developed many restaurant bookkeeping systems over the years.  We have extensive restaurant experience; both front of the house management and back of house accounting.  Restaurants are a tough business, which makes the accounting aspect that much more important.  We have helped several restaurants dial in a tight bookkeeping system and grow.  We have helped owners set up their restaurant concept to scale.  Helping a restaurant owner grow from a few locations to many is exciting, but it takes a tight financial approach.  Having the proper bookkeeping system in place from day one will promote scalability and set you up for growth.  Here are five things to consider when setting up your restaurant bookkeeping.  

Handling the bookkeeping for a yoga studio may be a foreign task for a studio owner.  However, we have been doing yoga studio bookkeeping for years for studios all around the country.  Typically the owner is really good at running the studio and getting new business, however many struggle with handling the bookkeeping.  Typically the bookkeeping is just something that the studio owner doesn't want to deal with or simply doesn't have the time to handle.  Running a yoga studio has so many other important tasks that outsourcing the bookkeeping is usually the best solution.  Here is a list of bookkeeping related issues that you may want to consider when starting a new yoga studio.

So why did you start your business anyway?  Was it for money? Freedom?  The thrill?  All of these are common reasons for wanting to start a business.  In a typical one on one networking situation I am commonly asked these two questions: How long have you been in business?  How did you start your business? When I tell the story of how and why I started my business it is a pretty entertaining story that results in a response of "wow that is pretty cool."  I realized that I have a unique start up story that people actually enjoy.  So why did I start my business?

It's not uncommon for us to interact with seasonal businesses since we tend to spend a lot of time involved with the outdoor community.  I'm not saying seasonal bookkeeping only occurs with outdoor enthusiasts that happen to own a business, but a majority of the owners we work with are.  Your business could be a winter photographer, a summer rafting company, landscaper, or basically anything that operates based on certain weather conditions.   There are many benefits of owning a seasonal company, but there are also a few downsides.  One downside may be trying to cram a full year of revenue generating work into 6 months or less.  When this happens it's quite common to ignore your bookkeeping and next thing you know your bookkeeping has fallen behind.

Does your small business need part-time CFO services?  What exactly does a part-time CFO Service offer?  Many small businesses hire an accountant, a bookkeeper, a CFO or "someone in charge of the money."  Call it whatever you like, every business needs someone to take care of the financial aspects of their business.  However, if you are looking for a part-time CFO Service you are most likely looking for a higher level person.  Here is what SLC Bookkeeping has to offer.

For the general small business is inbound marketing a waste of time?  No definitely not, but I understand why the typical small business owner looks at inbound marketing as a waste of time.  There are a gazillion marketing agencies spouting off about how important inbound marketing is. I'm not one of them. I'm a small business owner. 5 years in business. 4 employees and for the past three years, I've been an inbound marketer. If you are a small business owner or a solopreneur, I wrote this article for you. You need to start inbound marketing today and you need to do it right.