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Restaurant

Steps to Efficient Restaurant Accounting

Running the day-to-day operations of a restaurant is already a hectic job, but when you sit down to crunch numbers, things can start to feel very overwhelming. Restaurant accounting is critical to a successful business, but is often overlooked (or avoided) due to the difficulty in tracking and interpreting all those numbers. Fortunately, there are […]

Categories
Restaurant

How Restaurant Accounting is Unique

Many people think that accounting is just accounting, but it can differ a bit from industry to industry. Restaurant accounting uses many of the same methods that are used in other types of businesses, but there are some nuances. Let’s take a look. Accounting methods In the restaurant industry, you can use either the cash […]

Categories
Restaurant

Cost Management Tips for New Restaurant Owners

Opening a new restaurant is always considered a risk, but it seems especially daunting in the wake of the pandemic. There are many startup costs, from leasing fees and new equipment to staff and supplies. With that said, it’s good to have a solid financial plan from the start. Here are just a few strategies […]