Financial Management

Budgeting – Strategic Planning with upper management and ownership to create both profitable and attainable goals
Pro Forma Financials – We can work with you to help secure investment financing
Preparation of GAAP financial statements
Detailed management reporting with key performance indicators
Identify areas to cut costs and create savings towards your bottom line

Cash Flow Management

Daily sales reconciliation

Monitor void/comp reports

Record and verify cash and credit card batch deposits

Weekly billing of all outstanding customer receivables

Review and categorize petty cash disbursements, establish authorization process

Monitor and project cash flow and weekly bank balances

Transfer and verify funding for ​payroll accounts.

Discuss operational procedures with all management

Payroll

Weekly audit of time cards vs schedule
Monitor Payroll Adjustments
Payroll Garnishments
Organize weekly payroll processing procedures
Unemployment Claim Reporting
Unemployment Audits
Reporting of New Employees to State
Employment Tax Deposits
Quarterly and Annual Federal/State Compliance​
Rolling weekly Payroll Reports
Payroll Report Filing Accuracy
Control tip reporting accuracy

Accounts Payable

Review invoices for accuracy; categorize and record
Maintain vendor files & W-9 data for non-corporate service providers
Complete and process credit applications
Establish and work with vendors on credit terms
Discuss invoice discrepancies with vendors
Establish and maintain credit policies
Prepare weekly aging report
Process vendor payments
Monitor non-operational payments such as loans, insurance, equipment rental and other related expenses

Financial Reporting

Weekly flash reports – Sales, COGS, Labor , Operating Expense
Monthly Financial Statements – Balance Sheet, Cash Flow, Profit & Loss
Comparative historical reporting, period over period and annual performance
Monthly Bank Reconciliations
Maintenance of equity, asset and liability account schedules

Project Management

Analyzing start-up costs and needs
Creating a business plan
Reducing an overall costs
Selecting and securing a location
Obtaining the necessary business permits
Finding the right architect, if needed
Maximizing seating for optimal success
Passing health inspections
Choosing a designer
Hiring a chef and other key management staff
Selecting the right food distributors
Purchasing the right technology and point of sales system
Constructing payroll procedures
Developing a marketing plan to maximize your business