Jamie Fallon Learn more about running a restaurant with our complete guide. Running a successful restaurant requires more than just excellent food and service – it also involves having a thorough understanding of the financial side of your business. One key element to any business’s success is its income statement, but how do you know if yours … Read more
Learn more about running a restaurant with our complete guide. As a restaurant owner, you know that having the right financial information is essential for making informed decisions. But what exactly is included in a profit and loss statement? What are some of the key elements that may not be included, but which can still … Read more
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
Learn more about running a restaurant with our complete guide. Can you imagine how freeing it would be to produce your own Profit and Loss Statement? No more waiting for the accountant to get back to you with the results of last quarter’s business. No more wondering if you’re making a profit or not. Just … Read more
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
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
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
Learn more about running a restaurant with our complete guide. What does it take to be a great chef? Some people might say that you need years of culinary training, and an innate understanding of flavors and spices. Others might say that it takes creativity, intuition, and the ability to improvise in the kitchen. But … Read more
Learn more about running a restaurant with our complete guide. Who runs the pass in a kitchen? This is a question that has puzzled many for as long as restaurants have been around. The answer, however, is not as complex as one might think. In this post, we will explore who runs the pass in … Read more
Learn more about running a restaurant with our complete guide. How do you categorize restaurant expenses? This is a question that many business owners have, especially when it comes to tax time. And while the answer may seem simple at first, there are actually a lot of factors to consider. In this post, we’ll explore … Read more