{"id":29537,"date":"2023-04-07T05:06:59","date_gmt":"2023-04-07T05:06:59","guid":{"rendered":"https:\/\/excelevate.co\/wp\/?p=29537"},"modified":"2023-04-07T05:07:00","modified_gmt":"2023-04-07T05:07:00","slug":"accounting-best-practices-for-retail-restaurant-multi-unit-companies","status":"publish","type":"post","link":"https:\/\/excelevate.co\/wp\/2023\/04\/07\/accounting-best-practices-for-retail-restaurant-multi-unit-companies\/","title":{"rendered":"Accounting Best Practices for Retail\/Restaurant\/Multi-Unit Companies"},"content":{"rendered":"

<\/p>[et_pb_section fb_built=\u201d1\u2033 admin_label=\u201dsection\u201d _builder_version=\u201d4.16\u2033 custom_padding=\u201d0px||0px|||\u201d global_colors_info=\u201d{}\u201d][et_pb_row admin_label=\u201drow\u201d _builder_version=\u201d4.16\u2033 background_size=\u201dinitial\u201d background_position=\u201dtop_left\u201d background_repeat=\u201drepeat\u201d custom_margin=\u201d||0px\u201d custom_padding=\u201d0|0px|0|0px|false|false\u201d global_colors_info=\u201d{}\u201d][et_pb_column type=\u201d4_4\u2033 _builder_version=\u201d4.16\u2033 custom_padding=\u201d|||\u201d global_colors_info=\u201d{}\u201d custom_padding__hover=\u201d|||\u201d][et_pb_text _builder_version=\u201d4.18.0\u2033 _module_preset=\u201ddefault\u201d global_colors_info=\u201d{}\u201d]\n

Overview<\/strong><\/h3>\n
From my experience, accounting at multi-unit, retail, and restaurant companies (\u201cMURR\u201d for short) isn\u2019t all that difficult, but it can be tedious, because there\u2019s a lot of it.\u00a0 Overseeing dozens, hundreds, or even thousands of locations that basically have their own business to account for means a lot of accounts, transactions, reports, and other data.\u00a0 This is where being efficient isn\u2019t just a luxury, it\u2019s essential.\u00a0 At the unit level, if you don\u2019t run efficiently enough to plan your expenses to your expected revenues (like staffing to traffic patterns), you can go out of business fast.<\/p>\n
In this post, I\u2019ll help you take that same approach with your corporate accounting team, sharing several best practices that have helped my teams and myself work efficiently, and free up capacity to provide valuable insights and support strategic initiatives.\u00a0 It starts with the efficiency mindset: think once, apply often, refine when needed<\/strong>.\u00a0 That means not<\/strong><\/em> constantly rethinking through how to do the same process.\u00a0 Minimize the manual steps and leverage technology to do the repetitive stuff.\u00a0 You\u2019ll be less tired, less stressed, and make less mistakes.\u00a0 And you\u2019ll probably justify a raise or promotion.\u00a0 Read on for more!<\/p>\n
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