posts tagged as Gift Card

By Amber Williams | December 06, 2018

ASC 606’s Impact on Loyalty Programs: Redemption is Key

Under the new revenue recognition standard, restaurants must now take a different approach to accounting for gift cards and loyalty programs. read more

By Restaurant Practice Leaders | January 05, 2017

Tis The Season for Gift Card Redemption Are You Properly Accounting for Them?

For many restaurants, the holiday season brings a bustle of promotions, parties and gift card sales. Now that the holidays are over and gift cards will soon be spent, if they havent already, restaurants must be sure theyre accounting for... read more

By Carrie Shagat | October 20, 2016

BDO Restaurant CFO Bootcamp Event Recap

From September 21 to 23, Las Vegas played host to BDO's Restaurant CFO bootcamp. The three-day event catered to industry professionals including independents, franchisees, franchisors and more. Throughout those three days, key issues and... read more

By Carrie Shagat | May 18, 2016

Accounting Treatment for Promotional Cards

Amid continuously increasing competition and growth within the restaurant industry, restaurant operators often find themselves actively searching for ways to boost average unit volume and same store sales. read more

By Carrie Shagat | April 20, 2016

FASB Finalizes New Guidance for Accounting for Stored-Value Products

Accounting for customer obligations (stored-value products) has long been a hot topic within the restaurant industry, and in March 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-04... read more

By Restaurant Practice Leaders | December 23, 2015

Year in Review: Notable Posts of 2015

As we close the door on 2015 and head into the New Year, we’ve taken some time to look back at what has been an eventful and exciting time in the restaurant industry. read more

By Jeff Tubaugh | January 21, 2015

Five Common Myths that Lead to Tax Reporting Errors

We often receive questions or overhear comments from restaurant owners, operators, and CFOs about misconceptions in the industry. Five common myths are outlined in this article. read more