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…
In a world where every second counts, mobile POS is experiencing exponential growth in the restaurant and fast casual industries. Mobile ordering continues to rise, and some predictions have the food delivery market valued at $365B by 2030. 70% of…
Owning a restaurant is both an exciting and challenging experience. Before the challenge of making a profit, you also have to identify sources of financing. Restaurant financing and restaurant loans are crucial to successful running of a restaurant. You need…
If you are curious about accounts payable and accounts receivable terminology, you are likely interested in pursuing either accounts payable jobs, an education in accounting OR like me, you simply have a curious mind. Regardless of which category you fall…
Running a restaurant comes with its own fair share of challenges. While there are several things to consider in keeping the business in operation, managing costs is among the most important. A good starting place is understanding what your prime…