In the competitive restaurant world, owners have to understand both the operational and administrative activities of their business. Among the most important administrative activities is restaurant accounting, which involves the collection, reporting, and analyzing of financial data. To meet the…
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…
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…
The corner cafe, upscale bistro and fine dining restaurant serve different dishes, but all face at least a few common issues when it comes to accounting. Restaurant accounting includes items unique to the food service industry. Whether you outsource your…
After a search for accounts payable jobs, you're left wondering exactly what the job is. After all, a basic description of duties does not give you an idea of what your day to day life in this position will be.…