Do you own a brewery and have a question that you think may be outside of your CPA’s scope of knowledge? Do yourself a favor and just ask! From research and development (R&D) to trademarking advice, your CPA can provide insights into some tricky financial scenarios and help your business improve cash flow while finding savings.
Topics: brewery owners, Hospitality, Hospitality Industry Accounting, Uncategorized
Hospitality: Accounting Treatment for Promotional Cards
Posted by bgoricki on Sep 19, 2016 12:10:21 PM
Amid continuously increasing competition and growth within the restaurant industry, restaurant operators often find themselves actively searching for ways to boost average unit volume and same store sales. Offering gift cards has proven an effective strategy for attracting new customers and driving sales, as they’ve become an increasingly popular purchase for consumers. According to the NRF’s 2016 Mother’s Day Spending Survey, 43.2 percent of Americans said they planned to give a gift card for the holiday, averaging $2.2 billion. Not only are gift cards convenient for both their purchasers and redeemers, but they essentially provide restaurants with free advertising via word-of-mouth and customer referrals.
Topics: Accounting, Hospitality, Hospitality Industry Accounting, Uncategorized