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Salt Lake City Bookkeeping Blog

Austin Walker

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Recent Posts

12 Explosive Tax Deductions for Restaurant Owners

Posted by Austin Walker on Feb 25, 2021 1:30:00 PM

A great profit margin and healthy bottom line is one fantastic way to shut the door on 2020 and move forward.

Let's take a look at 12 explosive tax deductions that can be a new life line for restaurants, and the people that manage them.

Making sure your restaurant is maximizing its deductions is just one other great way to increase the bottom line and keep the business healthy.

Here are 12 ways to do it, with a PDF at the end of 56 action-packed pages of IRS material outlining other deductions. We've tried to save you the trouble of reading through them all with these 12.

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The 4 Best Restaurant POS Systems

Posted by Austin Walker on Aug 27, 2020 10:53:00 AM

There are a lot of POS systems out there. But it can be really difficult to find which systems work best for your restaurant, and what is going to integrate with QuickBooks well.

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Topics: Restaurant P.O.S, Business Start Up, Restaurant Accounting

7 Common Myths About Outsourced Bookkeeping Services

Posted by Austin Walker on Jan 14, 2020 10:00:00 AM

Outsourced bookkeeping, and other professional services, has been gaining a substantial foothold among today's small business owners. But whether you have been thinking about outsourcing for a while now or are considering it for the very first time, you may find you're reluctant to take the step, especially where your finances are concerned.

Often regarded with indifference, confusion, or even outright fear by many entrepreneurs, the misunderstandings and misconceptions surrounding outsourced services abound. 

In this post, we will highlight seven of the most common myths about outsourced bookkeeping services.  

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Topics: Small Business, Outsourced Bookkeeping

10 Undervalued Benefits Of Outsourcing Your Bookkeeping

Posted by Austin Walker on Jan 3, 2020 12:00:00 PM

Outsourcing your small business bookkeeping has never been more accessible or more compelling than it is today. 

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Topics: Small Business Bookkeeping, Outsourced Bookkeeping

Bookkeeping for Multi-Location Restaurants

Posted by Austin Walker on Oct 17, 2019 8:30:00 AM

Bookkeeping for a restaurant group that has different locations and different restaurants under it can be tricky. There are tight margins to maintain.

In addition, spoilage, theft, and inventory must be controlled to maintain profitability. In order to do this, the books must work like a well-oiled machine.

There can't be any flukes or the whole machine is compromised and margins decrease. Follow this guide to monitor profits and grow your restaurant locations.

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Topics: Small Business Management, Outsourced Bookkeeping, Restaurant Accounting

3 Essential Financial Investments to Grow Your Restaurant Business

Posted by Austin Walker on Oct 9, 2019 8:30:00 AM

There was a time when all that your restaurant really needed was good food and a great location to guarantee its success. But with the advent of social media and online mobility, menu and locale alone aren’t always enough to grow and maintain a healthy client base These three investments are .

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Topics: Marketing Small Business

Organization 101: Life Beyond the Business

Posted by Austin Walker on Aug 25, 2016 8:30:00 AM

Realtors, spa-owners, restaurateurs – we’re all business owners. But we’re also parents, consumers, and home-owners, and it can sometimes be a struggle to juggle both our business and our personal lives. Taking the time to make organization a habit at home can pay huge dividends at the office, particularly in areas like getting and keeping your business finances under control. Being organized at work is a proven way for the small business owner to save both time and money, and it can also help to reduce stress along the way.

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Topics: Small Business, Entrepreneurship

How to Get More From Your Mentor

Posted by Austin Walker on Aug 23, 2016 8:30:00 AM

As a small business owner, having a dedicated mentor by your side can give you a huge commercial advantage. Business mentors are experienced and committed individuals whose role includes providing valuable professional advice, as well as the moral support and encouragement that’s necessary to keep a business owner focused on what’s most important to the success of their enterprise.

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Topics: Small Business, Business Mentoring

10 Answers to Your Questions About Forecasting

Posted by Austin Walker on Aug 16, 2016 8:30:00 AM

Forecasting is basically the use of historic data to predict future events, and the wisest business owners make full use of the financial data at their disposal for everything from planning for upcoming expenses, to allocating budget funds.

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Topics: Financial Forecasting, Small Business

The Anatomy of a Great Scaling Strategy

Posted by Austin Walker on Aug 11, 2016 10:10:13 AM

Although it’s your company’s profit margin that determines how much money eventually ends up in your pocket – and not the volume of your sales - there’s an inextricable link between revenues and profits, and an effective scaling strategy should address both.

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