AboutTony Figurelli Expertise I am well versed on all aspects of the restaurant industry. I have been President of a national chain of full-service restaurants, have operated in fast food, casual and fine-dining segments as well. I have opened(and successfully sold)my own restaurant and have opened over 25 restaurants in one capacity or another. I currently operate a consulting business, Meridian Hospitality Associates and can be reached at tonyfig@msn.com or by going to my website at www.meridianhospitality.com
Experience Over 30 years, see description above.
Education/Credentials BA - Kansas State University
Question Is there a ballpark percentage for the accounting/finance costs as to gross revenue? In house being staff expense and out of house being review and tax preparation. Your assistance is GREATLY appreciated.
Answer Hello Mike,
It's hard to put a percentage to costs because sales volumes fluctuate from one operation to another. I have found competent accountants for under $500/month even less if my in-house bookkeeper is doing most of the work.
The ideal for me is pay a bookkeeper between $15-20/hr based on your needs for a 30-40hr week. This person can do all your office/administrative work such as payroll processing, invoice transmittal, filing state and federal filings, etc. Then have a certified accountant come in every other month or once quarter to review and sign-off on the bookkeeper's work.
