Texas Mixed Beverage Tax: What Restaurants and Bars Actually Owe
Two taxes, one permit and a state that already knows what you bought. Who owes Texas mixed beverage tax, what it covers beyond the drink, tax-included pricing, filing and audits.
Two taxes, one permit and a state that already knows what you bought. Who owes Texas mixed beverage tax, what it covers beyond the drink, tax-included pricing, filing and audits.
Bad bookkeeping is quiet, but it leaves evidence. Eight signs of a bad bookkeeper you can check yourself in QuickBooks Online, and exactly where to look.
Bar bookkeeping adds pour cost, two Texas mixed beverage taxes and, for breweries, TTB excise and cost per barrel. Here is what changes and how to book it.
Beginning inventory plus purchases minus ending inventory. The restaurant COGS formula is simple; the inputs are where it goes wrong. A worked example, the QuickBooks Online entry, and the three mistakes that swing your food cost by four points for no reason.
Tips are not revenue, auto-gratuity is not a tip, and the tip pool is not a group chat. How tip pool accounting should work in QuickBooks Online, and the five places it usually goes wrong.
Months behind, nothing reconciled, numbers nobody trusts? Here is the exact order of operations we use to clean up messy books, step by step, plus the honest line between a DIY fix and a professional catch-up.
Retainage is 5 to 10 percent of every invoice, held until the job closes out. Tracked wrong, it clogs your receivables or vanishes from your books entirely. Here is how construction retainage accounting should work in QuickBooks Online.
A reconciliation that balances can still be hiding duplicates, plug entries, and missing money. Five red flags that your bank rec is broken, and the five-minute check for each one.
Your books are not done until the month is closed. Here is the 8-step monthly close checklist we run for every client, in order, plus how long it should actually take.
Most restaurants count inventory once a month, and usually only because someone needs a number for the books. By then the month is over, the food is gone, and whatever was quietly draining cash has already done its damage. You cannot fix a leak you only find thirty days after it started. Weekly counts are…