Published 05/20/2022 | Guest article originally published 04/25/2022.
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At the very minimum, restaurant operators need a weekly overview of cash flow and labor costs to stay current on how the restaurant is doing, and prevent financial surprises. If the bookkeeping for a restaurant is treated the same as any other business, the data may be incomplete or the reports may be ill-timed, providing no support to the operator. To learn how to identify and avoid the most common restaurant accounting errors, read “Top 5 Basic Restaurant Accounting and Bookkeeping Mistakes Operators Should Avoid,” written by Raffi Yousefian, CPA and published by Toast.
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