A Look into the Growth of Online Ordering and Food Delivery The food industry has gone through a significant revolution over the recent past. Customers can now easily order food online and have it delivered to their homes within the…
Labor costs are the highest cost a restaurant incurs. This makes labor cost percentage an important metric to calculate and track. With total labor costs comprising 30-35% of the restaurant revenue, calculating them accurately is critical in ensuring you are…
An efficient back-office plays a critical role in the success of a restaurant. It is the system that takes care of your financial information and ensures that you are making enough revenue to cover your expenses. Even if you do…
Restaurant accounting is undoubtedly one of the most important administrative functions of a restaurant. It involves taking control of your accounts and making sense out of your business financial information. To ensure you get the best out of your financial…
The restaurant industry is one of the most fast-paced, with endless to-do lists. While it may be exciting to own a restaurant and serve your customers, some vital tasks like doing accounts may be quite challenging. With all the factors…
Preparing good meals and serving customers is always an exciting part of running a restaurant. When it comes to numbers, however, most restaurant owners do not know what is expected of them. Opening a restaurant may have been your dream,…
Businesses in the restaurant industry generate most of their revenue from selling food and beverages. Since these products are usually perishable, restaurant accounting is quite different from other industries. A small restaurant business will often change its inventory level based…
Choosing a restaurant accounting system sounds easier on paper than the actual process of knowing what to consider before making the choice. You need to consider whether you need web-based accounting software, integration of the accounting software to your POS…