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00:00 Tutorial Markers
00:56 Fourlane YouTube Channel
02:09 What is new in 2023?
03:04 Agenda
03:27 What are some of the coolest restaurants or concepts that have been talked to clients about?
06:15 Point of Sales System and how things work and flow in QuickBooks
– Having apps that connect point of sale system to QuickBooks
– Look at reports available from external point of sale systems
– Create sales receipt and use items to determine what income account to go to
– Use quantities to see
10:26 Common Pain Points we’ve experienced with the restaurant industry
– Payroll and collecting of tips or cash tips
– Managing food cost and understanding relationship between profitability of the operation
14:50 Explanation of a solution for a franchiser/franchisee and how were able to help
– Moved into QuickBooks Enterprise and established Chart of Accounts so consistent across all locations to use consolidated reporting feature
17:46 For franchises, would you recommend setting up classes to get information on financials at a class level?
– General rule of thumb in QuickBooks – One Tax Id per QuickBooks company file
– One restaurant with different aspects
– Break up by region or area
21:26 Tips about QuickBooks
– Daily, Weekly, Monthly Sales Summary from Point of Sales System – Memorize that transaction
– Look at structure of accounts
– Don’t always have to connect apps
– Utilize Inventory Parts
26:16 What truly do you say is inventory and what is not?
– What do you feel like is disappearing?
With QuickBooks Enterprise (and especially inventory) at our core, Fourlane assists all QuickBooks users in set-up and training, custom applications, installation, conversion, file clean-up and organization, third-party evaluations and implementations, data transfer, hosting data files, support, troubleshooting file problems, and much more.
Our services include outsourced CFO/Controller services, bookkeeping, management consulting, programming, integration and more. Our experts are here to provide the professional business management solution and technology consulting services your growing business needs.
Having performed thousands of client engagements across several industries, we have the knowledge and experience you can rely on in a business partner. Get help with finding, implementing and optimizing the right solution for your business
Visit https://linktr.ee/Fourlane for short cuts to QuickBooks products, QuickBooks services, QuickBooks demos, blog posts/tips and to find out which QuickBooks product is best for you.
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