Restaurant equipment costs add up quickly. Learn what to budget for refrigeration, cooking equipment, prep stations, installation, and more.
You shouldn't run personal expenses through your restaurant for multiple reasons, but here are the top 5:
Author Archives: Raffi Yousefian
Restaurant Accounting Automation, Restaurant Growth and Profitability
The Important Differences Between Restaurant Inventory Systems
21
Jul
Jul
Understanding the infrastructure behind your inventory system today can save countless hours of corrections—and significantly improve the quality of your reporting—later. Learn how restaurant inventory systems build your inventory database and why it impacts inventory accuracy and reporting.
15
Jul
Jul
A good restaurant financial accounting system should produce financial reports that help you make decisions faster, not create additional reports for analysis.
Restaurant Accounting Automation
Actual vs Theoretical Food Cost: Why Your Food Cost Percentage Doesn’t Tell the Whole Story
07
Jul
Jul
Learn how Actual vs. theoretical food cost helps restaurants identify waste, theft, and profit leaks. Read more to improve your margins with better inventory reporting.
Restaurant Loans & Financing
Restaurant startup costs: How much should you really spend to open your restaurant?
31
Mar
Mar
Learn how to plan restaurant startup costs, estimate build-out budgets, and evaluate profitability before opening your restaurant.
23
Dec
Dec
If your restaurant or bar is structured as a partnership with foreign partners, you may have an obligation to withhold and remit U.S. federal income taxes on their behalf and file additional forms with your partnership tax return. A restaurant group, restaurant, or bar structured as a partnership with foreign partners generates "income effectively connected
Restaurant Accounting, Restaurant Growth and Profitability
How Effective Beverage Inventory Can Lower Your Liquor Cost by 3%
06
Nov
Nov
What’s everyone’s favorite type of drink? A free one! Most bars and restaurants conduct beverage inventory to some degree, but few do so in a way that is truly effective for their bottom line. An effective beverage inventory system will cover the basics of ordering weekly and periodic financial reporting, and it will provide insights
29
Oct
Oct
Do you ever feel like all these restaurant LLCs you set up for your restaurant group are more formality than function? If so, keep reading, because simply organizing your restaurant, holding company, management company, and real estate as separate LLCs doesn’t necessarily protect you from liability. To get the real benefit, you have to follow
Restaurant Loans & Financing
Merchant Cash Advances (MCAs) and POS Loans: The True Cost and Why Restaurants Should Steer Clear
29
Oct
Oct
This is a Guest Article was written by Mike Spitalney, CEO and founder of Everfund, a leading small business financing advisory firm. If you’d like to connect with Mike, you can inquire here or email him directly at mike@everfundcommercial.com. If you run a restaurant, you’ve likely seen the offers: “Fast cash tomorrow.” “No credit score minimum.” “Pay as you sell.”
Restaurant Accounting, Restaurant Accounting Automation, Restaurant Taxes
Restaurant Payroll Compliance: How to Avoid Common Payroll Mistakes
17
Sep
Sep
Running payroll for a restaurant isn’t easy. Between managing inventory, keeping customers happy, and staying compliant with health and labor laws, payroll can feel like one more complicated system on your plate. But payroll mistakes in restaurants can quickly turn into compliance issues, unhappy employees, and even financial penalties. Fortunately, with the right systems (POS,
