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Restaurant Accounting continued

Displaying Matches 1 thru 16 of 44 Found.   NEXTLAST

Spot Food Cost Problems by Knowing Your Ideal Food Cost
by Joe Erickson
Spot Food Cost Problems by Knowing Your Ideal Food Cost "What should my food cost be?" - this is one of the most often asked questions by restaurant operators. Considering that food cost, along with labor cost, make up 60-70% of all restaurant expenditures, knowing what your restaurant's food cost "should be" is the first step towards controlling it . . . more >>


DOWNLOAD: Restaurant-Specific Chart of Accounts for QuickBooks
DOWNLOAD: Restaurant-Specific Chart of Accounts for QuickBooksATTENTION QUICKBOOKS USERS - Using a restaurant industry standard chart of accounts is one of the smartest things an independent operator can do. An industry standard chart of accounts will give you financial information in a much more useful format and enable you to compare your P&L numbers with other restaurants. This specially-formatted Excel file is ready for easy import to QuickBooks using the File Import utility for QuickBooks. . . . more >>


Which Version of QuickBooks® Is Right for Your Restaurant?
by John Nessel
Which Version of QuickBooks® Is Right for Your Restaurant?While the dominance of QuickBooks within the independent restaurant community remains steady, its usage is changing. QuickBooks online version is not simply a Web-enabled version of the QuickBooks desktop version but a unique program. This article compares and contrasts features of both flavors to assist you in making an informed decision on the best way to meet your current and future financial reporting needs. . . . more >>


DOWNLOAD: Restaurant Internal Control Checklist
DOWNLOAD: Restaurant Internal Control ChecklistIndependent restaurants lose lots of money due to fraud & theft often because of poor or non-existent internal controls. Improve your controls & reduce your exposure to losses by implementing these essential restaurant internal controls in the areas of cash, purchasing, payroll and accounting. . . . more >>


Why Chain Restaurants Use a Four Week Accounting Period (& why your restaurant should too)
by Jim Laube
Why Chain Restaurants Use a Four Week Accounting Period (& why your restaurant should too)There are inherent shortcomings in examining monthly restaurant P&Ls, so much so that every chain operator I know will not even consider preparing their financial statements on a monthly cycle. Learn why & what you can do instead. . . . more >>


How to Make Your Profit-&-Loss Statement One of Your Most Important Management Tools
by Jim Laube
How to Make Your Profit-&-Loss Statement One of Your Most Important Management ToolsFinancially astute operators know that every decision and activity that takes place on the operational side of their restaurant is eventually reflected in their numbers and the one report that is most indicative of how well (or how poorly) their restaurant is being managed is their profit-and-loss statement (P&L). . . . more >>


DOWNLOAD: 4-Week Periods for 2016 to 2019
DOWNLOAD: 4-Week Periods for 2016 to 2019If you want to convert to a 4-week, 13 period reporting cycle, now is the time to get ready. This series of Excel worksheets breaks down years 2016 to 2019 into 4-week periods beginning on the last Monday in 2015. . . . more >>


DOWNLOAD: Restaurant Specific Cost Coding Guide
Use the Cost Code Guide to consistently code your operating expenses and other costs to the correct or most appropriate account. Correctly coding y . . . more >>


DOWNLOAD: Daily Sales Report Templates
DOWNLOAD: Daily Sales Report TemplatesSpreadsheet templates to record daily sales transactions. Includes fields to record sales, deposits, discounts & comps and paid-out detail. . . . more >>


DOWNLOAD: Tip Pooling Worksheet
DOWNLOAD: Tip Pooling WorksheetUse this form for calculating tip pooling distributions. This flexible, multi-plan tip sharing worksheet simplifies the process of calculating and distributing tips based on jobs and hours worked. . . . more >>


Restaurant Accounting 101: Are you prepared for 2015?
Restaurant Accounting 101: Are you prepared for 2015?One of the keys to creating a turn-key business is to have effective financial controls and accounting system which provide meaningful and timely reports. Check out this quick-reference list of resources to help you understand and implement restaurant accounting basics . . . more >>


Restaurant Rules of Thumb: How Does Your Operation Measure Up to Industry Averages & Standards?
by Jim Laube
Restaurant Rules of Thumb: How Does Your Operation Measure Up to Industry Averages & Standards?A review of several key restaurant industry startup, financial & operational metrics that have proven to be reliable measurements over time. A handy guide for operators planning changes or assessing how they compare to industry averages & standards. . . . more >>


What You Should Know About Using QuickBooks® in Your Independent Restaurant
by John Nessel
What You Should Know About Using QuickBooks® in Your Independent RestaurantMany small-business owners, especially those without a background in accounting and finance, are going to gravitate toward the relatively easy-to-use QuickBooks. This article can help you get your financial management process up and running as seamlessly as possible. . . . more >>


ONLINE SEMINAR: Serving & Settlement Controls
ONLINE SEMINAR: Serving & Settlement ControlsDon't let poor cash and internal controls make it easy for people to steal the most desirable commodity you've got, CASH. This program examines the most common ways servers, cashiers, bartenders and bookkeepers steal and what controls you should have in place to protect your business. . . . more >>


How to Manage Your Restaurant's Critical Numbers and Avoid Financial Loose Ends
by Chris Tripoli and Jim Laube
How to Manage Your Restaurant's Critical Numbers and Avoid Financial Loose EndsToo many owner/operators are not tracking sales accurately, not posting costs by category correctly, and/or vewing a cash balance at the end of the month as profit. In this article, we discuss how to setup and interpret your financial reports to help you identify how your restaurant is really performing. . . . more >>


Four Things Every Independent Operator Should Know About Restaurant Numbers
by Jim Laube
Four Things Every Independent Operator Should Know About Restaurant NumbersIn this article we review some important financial concepts that are particularly relevant in the current economic environment. If you keep these four items in mind as you manage your restaurant's finances, you'll be in much better control of your business. . . . more >>


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