What Percentage Of Revenue Should Your COGS (Cost Of Goods Sold) Be?

Learn more about running a restaurant with our complete guide. Are you a restaurateur trying to optimize your profits? If so, it’s important to understand the impact of your COGS (Cost Of Goods Sold) on your restaurant’s overall revenue. But what percentage of revenue should you allocate for COGS? This is an essential question that … Read more

What Goes Into A P&L?

Learn more about running a restaurant with our complete guide. When it comes to running a business, one of the most important things you need to understand is the Profit and Loss statement, or P&L. But what goes into a P&L? What does it tell you about your business? And how can you use it … Read more

Is A Fridge A Fixed Asset?

Learn more about running a restaurant with our complete guide. Is a fridge a fixed asset? The answer may surprise you. In this post, we’ll explore the tax implications of refrigerators and whether or not they are considered capital assets. We’ll also look at how depreciation works for refrigerators and whether or not you can … Read more

How Do I Calculate My Assets?

Learn more about running a restaurant with our complete guide. Most people have a general idea of what assets and liabilities are, but when it comes to calculating them, things can get a bit murky. Do you include the value of your home? What about your car or furniture? How do you factor in debts? … Read more