Author Archives: Raffi Yousefian

Restaurant Accounting, Restaurant Accounting Automation, Restaurant Growth and Profitability

Restaurant Internal Controls: Systems for Scaling Successfully

Posted on by Raffi Yousefian
Chef's in a busy kitchen
27
Aug

Growing restaurant groups that struggle to implement effective restaurant internal controls will have trouble scaling their operations. Systems and internal controls allow you to delegate management and operations securely to spend time on your highest-value activities without worrying about fraud and cost mismanagement. We explain essential internal finance controls you can implement in your restaurant

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Restaurant Accounting Automation, Restaurant Growth and Profitability

The Important Differences Between Restaurant Inventory Systems

Posted on by Raffi Yousefian
Restaurateurs using pos restaurant inventory systems
21
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.

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Restaurant Accounting, Restaurant Taxes

Restaurant Partnership Tax Withholding for Foreign Partners

Posted on by Raffi Yousefian
23
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
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Restaurant Accounting, Restaurant Growth and Profitability

How Effective Beverage Inventory Can Lower Your Liquor Cost by 3%

Posted on by Raffi Yousefian
Bartender mixing drink with effective beverage inventory
06
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
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Restaurant Accounting, Restaurant Taxes

Honoring the LLC in a Multi-Unit Restaurant Group

Posted on by Raffi Yousefian
29
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
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Restaurant Loans & Financing

Merchant Cash Advances (MCAs) and POS Loans: The True Cost and Why Restaurants Should Steer Clear

Posted on by Raffi Yousefian
Restaurant plate with cash
29
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.”
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