We founded Acuity to make better financial experiences possible – providing ease of access to the right know-how at the right time. Our collective knowledge and experience gives us a greater sense of perspective, allowing us to see solutions where others might not. VERIFYiQ provides reports and data to help you understand what mistakes are being made and how to fix them. We’ll catch your mistakes now, and show you how to avoid them in the future. VERIFYiQ will do the reviews for you, catching 80% of all mistakes, making sure your bookkeeping is right from the start. After all, the key to growing your startup from a vision to a successful business venture is in your finances.
- VERIFYiQ automates the review process, so your firm can improve file quality, scale and increase profits.
- It’s all about making your entrepreneurial journey less scary, and more filled with business success.
- Our packages are differentiated based on cost, delivery date of financial statements, allotted transactions per month, and communication channels with your bookkeeper.
- From there, you’ll add your bookkeeper as an admin user in the tool.
- Whether that’s assisting with federal/state corporate returns, federal/state personal returns, tax credits, tax extensions, 1099s, quarterly tax estimates, or something else tax-related, we’re happy to help.
Partnering with a professional bookkeeper and accountant can ensure your financial records are properly maintained and your taxes are filed correctly and on schedule. Your bookkeeper can categorize and reconcile the transactions imported from your POS system and manage your payroll. Your accountant can prepare your taxes and provide strategic tax planning advice. Bookkeeping Chef is the leader in restaurant bookkeeping services in New York.
A Guide to Understanding Different Types of Mortgages
Use Acuity’s financial playbook, developed over the last 18 years and vetted by over 2,000 entrepreneurs.
With so many options to choose from, it can be overwhelming to determine which one is right for you. Our services cover everything from raising finances and valuing your business, right through to planning your exit strategy and business sale. You will benefit from our practical advice and solutions, focusing on control, efficiency and business improvement recommendations, supporting you in your decision making process and the development of your business.
your books are accurate.
Advances in technology in the last decade have made it easier for restaurants to track tips using the cloud. Especially cloud-based Point-of-Sale (POS) systems, which can track far more than just the each tip amount on each transaction. These POS systems can also be set up to automatically import the data directly into your cloud accounting and payroll software, which then updates your general ledger and employee wage records. The cloud is changing how restaurant’s manage records by vastly improving operational efficiencies with automation.
VERIFYiQ saves time and makes your bookkeeping more efficient, so you can do more and bill more. As practices get bigger, scaling becomes limited by file quality. VERIFYiQ automates the review process, so your firm can improve file quality, scale and increase profits. 48in48 – This non-profit mobilizes marketing and technology volunteers to serve non-profits worldwide. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.
AUTOMATE & ACCELERATE YOUR BOOKKEEPING REVIEWS
You may decide to allow your waiters to keep their gratuities, and then tip out a certain percentage to support staff. Alternatively, you may https://www.bookstime.com/ just set up a tip pooling or sharing system all together. Spend more time growing your business, and less time on financial processes.
National restaurant chains are also required to file a Form 8027, which outlines the total amount of tips collected and reported by the employees. In your free consultation with our team, we’ll walk you through our bookkeeping solutions and add-on services in detail. Then, you’ll get the chance to explore all of our other solutions with our team – controller, CFO, and tax. Our basic package includes monthly financial reports, weekly updates, quarterly meetings with a CFO, and the right tech solutions to keep everything running smoothly. This ensures you get clear and current financial information, freeing you up to focus on expanding your business. Our bookkeeping solutions are designed with the entrepreneur in mind – you can pick and choose which additional services you may want or need, whether that’s today, next month, or two years from now.
Onward progress is vital to growing your business, and we’re here to help you take some of the biggest steps in the journey. We can help you build a better financial future that moves you closer to your life ambitions. We work in close collaboration with you, connecting you to the resources and knowledge you need, then formulating a plan to support you – both now and in the years to come.
Between keeping your accounts reconciled and delivering monthly reports, you’re better informed to make important business decisions with your dedicated bookkeeper. As a whole-of-market mortgage adviser, we’re able to connect you to all of the lending options available, and help you find a solution best suited to your goals. Many of our team have previously worked in the banking and lending sector, acuity bookkeeping so we know what mortgage providers look for in an application, and can offer focused support to maximise your chances of success. By connecting you to the right experience and know-how, we’ll ensure your business is as tax efficient as possible, while remaining fully in line with the latest HMRC rules and regulations. We are passionate about creating commercial value through our Audit service.
Distributing gratuities can be complicated, and the penalties for not doing so can be catastrophic. So know the rules, and create and distribute a process that is transparent and easy to understand and follow for all staff members. Quick service restaurant environments differ in that tips are often shared evenly among all employees who were working together during a particular shift. These tips, as an example, could be collected as cash in a tip jar or, again, as an added payment on debit or credit card charges. Success starts with a clear vision | Acuity can help you identify opportunity, leverage it to your advantage and strengthen your bottom line. We take the time to gain a deep understanding of your business before connecting you to the right people, ideas and technology based on your needs, scale and structure.
We’ve handpicked some of the best third-party accounting technologies out there – QuickBooks, Xero, Bill.com, Expensify, and more. To arm you, the entrepreneur, with tools that can automate certain aspects of your financial operations. These solutions save you time, simplify your operations, and make your financial data easier to manage, among other benefits. Now, if you are a restaurant owner or manager, do not make the mistake of thinking that your employees’ tips are of no concern to you.
From there, you’ll add your bookkeeper as an admin user in the tool. We also use Bill.com and/or Veem to manage payments and bills, and Expensify to handle expense reports. These tools are popular, but you can check out all the tech tools we use on our partner page. We support you through tech setup and beyond to make sure you’re maximizing financial automation at your company. As always, though, your onboarding checklist will be tailored to your specific business, mirroring the solutions you signed up for with our sales team.