Case Study: Tsunami Restaurant achieves real-time, organized books and smoother tax seasons with SLC Bookkeeping

Tsunami Restaurant gets clean books within weeks of Dec 31st with SLC Bookkeeping

Tsunami Restaurant, a premier sushi and Japanese cuisine destination in Utah, faced significant bookkeeping challenges that hindered its operations. The owner was unsure of the accuracy of his financials due to a disorganized and infrequently updated system. This lag in reporting made it difficult to identify trends, manage vendor payments, and make informed business decisions, while also raising concerns about potential employee theft. The issues consistently resulted in tax season delays. To address this, they enlisted the services of SLC Bookkeeping.

SLC Bookkeeping centralized the restaurant's accounting system from three locations and implemented proper procedures. They began providing regular bookkeeping updates twice a week, giving the owner real-time financial data. A new petty cash system with checks and balances was established, and daily sales were meticulously recorded and reconciled to the penny, ensuring no fraudulent activity. As a result of SLC Bookkeeping's work, the owner received accurate, timely reports to guide business decisions and was able to present a clean, updated set of books to his CPA by mid-January, finally allowing the business to file its taxes on time and avoid IRS penalties.

Tsunami Restaurant