Restaurant Accounting 101

If you own a restaurant, chances are you started your business out of love for creating quality food and sharing your passion with your guests.  You probably did not start a restaurant because you love math, numbers and complex financial problems. Unfortunately, the recipe for any stable restaurant includes a...

The Most Important Partner for Your Business

Depending on your previous experiences, your understanding of an accounting firm could be drastically different.  Some accountants will do little beyond handling your accounts and completing your tax return forms.  Other accountants are more involved and take a proactive approach to your needs. In some instances, you might find yourself...

3 Key Indicators of a Profitable Restaurant

Unfortunately, there is not a simple one-size-fits-all method to running a profitable business.  This could be why roughly 60 percent of new restaurants don’t make it past the first year, and 80 percent never see their fifth anniversary.  These scary statistics don’t mean your restaurant needs to suffer the same...

Small Book-Keeping Mistakes Have Large Impact

A business’ books can often be the best indicator of where the company is and where it’s heading. Maintaining good books can help your company plan for the future and make better financial decisions down the road. Yet, if you asked a group of business owners what the most mundane...