Redemption prizes and inventory: how to handle the accounting
Your arcade prints tickets, guests trade them for prizes, and a wall of plush toys, gadgets, and candy slowly empties out. Simple to run. Surprisingly easy to account…
Bookkeeping built for arcades, VR venues, escape rooms, trampoline parks, and family entertainment centers — by someone who actually understands the business.
Your arcade prints tickets, guests trade them for prizes, and a wall of plush toys, gadgets, and candy slowly empties out. Simple to run. Surprisingly easy to account…
Most FEC owners get the same thing from their bookkeeper each month: a P&L (your income and expenses for the period), a balance sheet, and a quiet “everything’s…
Your axe throwing lanes are packed every Friday night. The line snakes past the front desk, the staff are slinging hatchets, and the register never stops. Meanwhile your…
Ask most FEC owners how business is going and you will hear “busy” or “slow.” Ask them their five most important numbers and you usually get a pause.…
For a while, doing your own books is the right call. You have a handful of transactions, you know where every dollar came from, and paying someone feels…
You sold $8,000 in birthday party deposits in January for parties that happen in March. Did you make $8,000 in January? Or in March? The honest answer is…
A lot of owners look at their profit and loss statement (their income and expenses for the period) exactly once a year. Usually in March, usually because their…
Your escape room books at $35 a head. Six players, sold out, that’s $210 for a 60-minute game. Feels great. But the game isn’t really 60 minutes of…
Your profit and loss statement (your income and expenses for the period) says you made $18,000 last month. Nice month. Then you check your bank balance and it’s…
If your P&L (your income and expenses for the period) is the story of how money moved through your business this month, your balance sheet is the photograph…
I offer a Free 15-Minute Financial Diagnostic Call specifically for experience-based business owners. We will look at your current bookkeeping setup and identify where your venue might be leaking cash.
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