Case-study - xcellbookkeeping

Case Study

Foodine Restaurant

Put up available real estate properties online to potential buyers

Overview

About Client

Foodine Restaurant is an Authentic food delivery outlet in Canada with sterile/hygienic and flavorful food from the last 5 years as a tiffin service, presently come up as an eatery outlet and providing foods through online delivery partners.

Opportunity

Increase transperancy in business model

Foodine Restaurant is an Authentic food delivery outlet with sterile/hygienic and flavorful food from the last 5 years as a tiffin service, presently come up as an eatery outlet with a vision of spreading the flavor of Indian dishes with lots of love. Such restaurant also provides foods through various delivery partners such as UberEats, Doordash, Skip the Dishes etc.

Foodine restaurant came to Xcell Bookkeeping to increase transparency in its business model. They wanted to see profitability by services i.e Dine In Services, Tiffin Services, Online Order services.

Solution

A SOP that streamlines the process that shows profitability by services

We took this challenge as opportunity to prepare standard operating procedures which will streamline the Revenue model and increase the transparency.

The whole process started with brainstorming session with the client. We took time to understand the business model of client, Client’s expectation from us along with fulfilling GAAP requirements. Then, we developed a SOP from which client can easily track how much he had to incur (like merchant fees, promotional expenses, cancellation charges) from each Online delivering partners like, Uber, Doordash etc. in comparison of earnings. Even, client can easily get the sales tax payables from these transactions from financial statement itself.

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Info

Contact Info

Telephone

+91 7874880885

Email Us

info@xcellbookkeeping.com