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ACCOUNTANT’S NEW RESTAURANT CLIENT GUIDE
First Half
| Second Half
| (8:00 AM - 8:15 AM) RESTAURANT OVERVIEW
(8:15 AM - 8:35 AM) SETTING UP RESTAURANTS TO FOLLOW THE UNIFORM SYSTEM OF ACCOUNTS Sales breakdown - Cost of goods sold breakdown
- Labor breakdown
- Prime cost
- General expenses
(8:35 AM - 8:50 AM)
KEY RESTAURANT RATIOS AND HAD TO CALCULATE THEM
(8:50AM - 9:00 AM) MORNING BREAK
| (9:00 AM - 9:50 AM) SETTING UP CASH CONTROLS
(9:15 AM - 9:50 AM) TAX ISSUES UNIQUE TO RESTAURANTS Taking the tip credit - FICA tax credit
- Tip reporting
- Form 8027
- Guidelines for restaurant cost segregating
- Restaurant leasehold improvements
- Restaurant-specific sales tax issues
- PCI Compliance
(9:50 PM - 10:00 PM) SUMMARY OF CONTROLS THAT WILL HELP THE RESTAURANT CLIENT
- 25 typical questions clients may ask you
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Call (800) 526-5798 for details |
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