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Free Tool Download: 12-Week Cash Flow Projection Calculator

Cash is king in restaurants. In the midst of this crisis situation with COVID-19, knowing your restaurant’s current cash position is one of the most important insights an operator can have.

We have created a simple, yet effective, Weekly Cash Flow Worksheet that you can easily download and modify (fill out the form below to access).

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1099 Year-End Checklist for 2020 + Free Tips & FAQ Download

Year-end is one of the busiest times for your accounting team.  For 2020, the IRS has changed the process for filing 1099’s by adding new forms and altering the filing requirements.  These new requirements can make a busy time even more chaotic, so to make your life easier, here is a downloadable checklist and frequently asked questions with tips to help make sure that you are prepared for these changes.

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Why Restaurants Resist Moving To 4-Week Periods & 13 Cycles Per Year (Instead of 12)

What are the common reasons that restaurants don’t use the 4-week cycle? 

While there are many reasons to use the 4-week system operationally, the reason it’s not used usually comes from a disconnect between operations and the accountants. 

Our mission at Trusted CFO Solutions is to help drive the performance of our clients’ businesses (i.e. especially restaurants, but retail and hospitality also). So, as part of our mission, we connect and unify operations and accounting. Here are the obstacles we face in our mission.

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Why Are A Restaurant’s Prime Costs So Important?

This is part of our Restaurant Success Series. Click here to access other articles.

Our restaurant clients are getting a good handle on controlling food cost and labor, thanks to our Prime Costs Dashboard. 

Prior to Trusted CFO Solutions, most only used QuickBooks and only recorded things once a month – after month-end. Today, however, they can review their numbers by the day and also by the week.

The Prime Costs Dashboard is opening eyes. Not only are we educating them on the power of monitoring costs weekly, but the benefit is that they are able to control it before it’s too late.

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