About Sharpening Stone
WHO WE ARE
Sharpening Stone Advisors was founded by Mike McElroy, a hospitality finance executive with more than 20 years of experience across restaurants, hotels, accounting, FP&A, financial modeling, systems implementations, lender reporting, and investor relations.
Sharpening Stone Advisors provides hospitality-focused accounting, payroll, compliance, reporting, technology, and strategic finance solutions designed to help operators make better decisions and build stronger businesses.
RESTAURANT ACCOUNTING
- Full-Service Monthly Accounting
- Point of Sales & Revenue Recognition
- Accounts Payable & Accounts Receivable
- Bank & Credit Card Reconciliation
- Balance Sheet & Income Statement
PAYROLL & LABOR
- Payroll Processing & Administration
- Time Clock Management
- Demand Driven Labor Schedules
- Actual vs Scheduled Reporting
- Workforce Analytics
TAX COMPLIANCE
- State & Local Sales Tax
- Mixed Beverage Tax
- Franchise Tax & Information Report
- Real & Business Property Tax
- Regulatory & Compliance Support
BUSINESS INTELLIGENCE
- Revenue Analysis
- Purchasing & Cost Analysis
- Labor Cost Analysis
- Operating Expense Review
- Customer Sentiment & Performance Trends
- KPI & Performance Dashboards
STRATEGIC FINANCE
- Annual Budgeting
- Quarterly Forecasting
- Expansion Planning
- Investor & Lender Support
- Strategic Advisory Services
TECHNOLOGY SOLUTIONS
- Software Implementation & Integration
- Accounting ERP Systems
- Point of Sale Platforms
- Purchasing & Inventory Solutions
- Payroll & HRIS Platforms
- Workflow Design & Documentation