Case Study: Accounting for a Restaurant Owner Expanding to Three Locations
At a Glance
- Client
- Restaurant owner and operator
- Scale
- Grew from one restaurant to three
- Scope
- Two years of bookkeeping cleanup, owner basis calculation, sales tax process improvement, multi-location expense allocation, and payroll implementation
- Result
- Profitability measured restaurant by restaurant
The Challenge
The owner was opening two more restaurants while his existing books were two years behind. He couldn't see how each location was performing, his owner basis had never been calculated, his sales tax process needed improvement, and he had no system for allocating shared expenses or running payroll across multiple restaurants.
What We Did
- Cleaned up and reconciled two years of past books.
- Calculated the owner's basis.
- Improved the sales tax process.
- Built a system to allocate and track expenses across all three restaurants.
- Implemented payroll across every location.
The Result
The owner now sees how each restaurant is performing and can make changes at one location based on its own numbers. His books are current, and payroll and expenses are handled the same way at all three.
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