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Burt Monroe

Burt Monroe

Recent Posts

Spring Cleaning Your Restaurant’s Profitability

Apr 21, 2016 8:32:00 AM / by Burt Monroe posted in restaurant accounting

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It’s good to see outdoor dining spaces opening at local Twin Cities restaurants this spring. Patios are getting swept, tables and chairs are receiving a power wash, and sun umbrellas are popping up along sidewalks.

All of the prep tends to move it’s way inside the building as management and staff are in spring cleaning mode. Don't let the momentum stop there. 

Annual tax hangover or not, now's the time to do some spring cleaning of the financial variety.

Doing so will allow you to trim expenses, identify new opportunities, and carve out more time to work on building profitability for your restaurant rather than being swept up in the day-to-day activities.

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Did Your Small Business File for an Extension This Year?

Apr 19, 2016 8:44:00 AM / by Burt Monroe posted in monthly accounting, taxes, payroll, bookkeeping

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Depending on the health of your business, the decision to file for a tax extension this year may have been for good reason. You may have experienced unexpected growth that led to more complex tax obligations, or you realized you’re just too busy working on your business at this point in the season to accurately process the required forms. These are valid reasons to file for an extension and a good indication you’re ready for professional accounting services moving forward.

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Employee Onboarding Checklist for Restaurants

Mar 31, 2016 8:37:00 AM / by Burt Monroe posted in resources, employees

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Managing employees for your restaurant is a full-time job, especially when you have new hires joining the team. To get you and your new employee focused on the important aspects of training for success, it's great to have a simple onboarding checklist to get crucial paperwork completed for the employee's file.

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5 Tips for Restaurant Payroll Success

Mar 29, 2016 8:34:00 AM / by Burt Monroe posted in restaurant accounting

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One of the largest obligations a business owner has is conducting payroll. Tracking, reporting, and executing payroll for your restaurant involves many tasks to ensure accuracy, timeliness, and compliance. Payroll duties should not be rushed; otherwise, costly errors may occur resulting in upset employees and penalties from government agencies. 

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What Should My Employee Meal Policy Be?

Mar 10, 2016 8:25:00 AM / by Burt Monroe posted in restaurant accounting

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It’s not uncommon for restaurant employees to receive discounted or free meals before, during, or after their shift. In addition to making employees feel appreciated, providing them with opportunities to taste the product (and learn about the various dishes) might give them an edge in selling to customers. It is important, however, to properly account for employee meals in order to keep inventory and financial statements accurate as well as to document employee benefits for expense and tax purposes.

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