About Mastio Curt

Curt Mastio is a Certified Public Accountant, founder of Startup Accounting Advisors, adjunct instructor at Northwestern University's Farley Center for Entrepreneurship and Innovation and the Chief Financial Officer of Storage Squad LLC.

Accounts Payable: What Is Accounts Payable? 10 Best Practices For Your Business

As a small business owner, few things are more important than keeping proper books. You’ve heard the term “accounts payable” thrown about ad nauseam: this article will explore what AP means for your business and offer some ‘best practices’ to help you along. If you’re considering reworking your approach to accounts payable, Founder’s CPA Group [...]

By |2019-07-11T18:23:18+00:00July 11th, 2019|Accounting Services|0 Comments

Restaurant Income Statements: A Complete Guide

When it comes to bookkeeping, every restaurateur wants to know just one thing: are we making money? A restaurant income statement will tell you exactly that. Also known as a Profit/Loss Statement, the income statement provides an at-a-glance view of your income, outgoings, and overall profitability. Income statements can cover a long period, such as [...]

By |2019-07-11T15:41:46+00:00July 8th, 2019|Food and Beverage Accounting|0 Comments

Restaurant Chart of Accounts: Everything You Need to Know | Founder’s CPA

If you currently own and operate a restaurant, you know that it’s not easy — especially when it comes to cash flow management. Although a restaurant needs to offer great food and service, there’s nothing more vital to the establishment’s long-term success than effective bookkeeping. This is where a chart of accounts comes into play [...]

By |2019-07-11T15:45:07+00:00June 12th, 2019|Food and Beverage Accounting|0 Comments

Bitcoin IRA: Pros, Cons, Where To Begin

The rise of Bitcoin has created a lot of interest in cryptocurrency, as investors explore the advantages of investing in self-directed IRA accounts. After all, everyone wants to feel as though their future is financially secure. This is where Bitcoin IRA comes into a play — a revolutionary way to invest in your retirement. Whether [...]

By |2019-06-10T15:57:03+00:00June 10th, 2019|Cryptocurrency|0 Comments

Crypto IRA: Everything You Need to Know about Crypto IRA

Few investments are as exciting as cryptocurrency. Since their (rather rough) beginning almost a decade ago, virtual currencies have taken the financial world by storm. Not only do cryptocurrencies have the potential for incredible profit, but they operate in a nebulous area outside direct government control. It’s not surprising that many people are interested in [...]

By |2019-06-10T16:00:31+00:00June 4th, 2019|Cryptocurrency|0 Comments

Form 8027: Everything You Need to Know

It’s not easy to navigate the world of tax compliance alone. Throw the complications of the food and beverage industry on top of that and it only gets worse! If you’re struggling with whether you need to file IRS Form 8027, this article is for you. What is Form 8027? IRS Form 8027, or the [...]

By |2019-06-06T15:53:25+00:00May 31st, 2019|Food and Beverage Accounting|0 Comments

Restaurant Bookkeeping: 5 Steps to Restaurant Bookkeeping | Founder’s CPA

Trying to balance the myriad of complicated jobs involved in restaurant bookkeeping isn't an easy task. Unfortunately, success in the restaurant world means knowing your way around the books — not just the kitchen — and there's little time for that.If you're looking for the ultimate guide to restaurant bookkeeping, you're in the right place. [...]

By |2019-06-06T16:05:23+00:00May 23rd, 2019|Food and Beverage Accounting|0 Comments

What are Outsourced CFOs?

As the name implies, an outsourced CFO service is a third-party service that’s hired from outside the company, on a contractor basis, to provide the same services as a CFO — or so it would seem. In reality, however, there’s a lot more to it than that. In fact, an outsourced CFO service can actually [...]

By |2019-06-06T15:59:24+00:00May 22nd, 2019|Outsourced CFO|0 Comments

Food Cost Calculator: Five Tips that Restaurant Owners Need to Know

If you’re planning to open a restaurant, or if you’ve already opened one and you’re worried about your current return on investment (ROI), then the first thing you need to look at is how your food costs tally up to your sales. In the food service industry, food cost is everything when it comes to [...]

By |2019-05-24T16:25:12+00:00May 22nd, 2019|Food and Beverage Accounting|0 Comments

Restaurant Accounting Basics

The corner cafe, upscale bistro, and fine dining restaurant serve different dishes, but all face at least a few common issues when it comes to accounting. Restaurant accounting includes items unique to the foodservice industry. Whether you outsource your accounting function or not, you would benefit from learning at least the basics. Payroll Payroll probably [...]

By |2019-05-18T00:01:29+00:00May 8th, 2019|Food and Beverage Accounting|0 Comments