We’ll constantly keep you updated with your bookkeeping status specific to your bowling alley business. Have urgent queries that require immediate attention? We assure you a response in one business day or less.
Our platform enables bowling alleys to automate data inputs from most leading providers, minimizing common errors. We collaborate with vendors such as Gusto, Stripe, Shopify, and Square—ensuring that your financial records are always spot-on. Trust Bench Accounting to streamline your bookkeeping, so you can focus on striking down your competition!
Say goodbye to stacks of receipts and hours of manual bookkeeping—we automate inputs directly from your linked accounts. Gain insights from one cohesive dashboard so you can effortlessly comprehend the financial state of your bowling alley and make strategic decisions with ease.
DR. BUKKY KOLAWOLE
In managing the finances of a bowling alley, there are several unique accounting considerations:
- Revenue recognition: Bowling alleys have multiple revenue streams, such as lane rentals, shoe rentals, food & beverage sales, and occasionally arcade games. Each revenue stream may have different recognition criteria.
- Cost of sales accounting: The cost associated with providing snacks, drinks, and other items needs to be recorded appropriately.
- Depreciation of equipment: Bowling equipment such as lanes, pins, balls, and machines are subject to depreciation, which needs to be accurately calculated in the accounts.
- Leasing arrangements accounting: If the bowling alley property is leased, this needs to be factored into the accounts according to leasing agreements.
- Employment expenses: This includes employee wages, benefits, taxes and insurance that need to be accounted correctly.
- Inventory management: Bowling alleys often sell goods such as shoes, balls, and other accessories. Proper inventory management and accounting is crucial.
Considering the complexity of these accounting needs, it may be beneficial to employ a bookkeeper experienced in these areas.
A professional bookkeeper can offer invaluable help by properly tracking and managing the unique revenue streams of a Bowling Alley. They can keep meticulous records of all income sources, such as game fees, shoe rentals, and concessions, offering the business owner clear and accurate financial insights. Bookkeepers can account for every penny that comes in, so the business owner can see exactly where their income is coming from, allowing them to make smarter decisions about expanding certain areas, cutting costs, or adjusting prices. All of this contributes to a more efficiently run business with a healthier bottom line.
Yes, there are several tax deductions and write-offs that your Bowling Alley can benefit from. These can range from operational expenses, maintenance costs, to equipment purchases and more. It's always important to work with a skilled bookkeeper who understands the specific nuances of your industry to make sure you take advantage of all possible tax savings.
Nope! All bookkeeping is completed in-house.
Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.
We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.