What separates a successful business from a failing one? I get this question all the time from aspiring entrepreneurs and business owners that are working diligently to get to the next level. The answer is extremely simple – systems. A successful business needs systems for on-boarding staff, allocating marketing spend, launching new products and most […]
business
A Sample Restaurant Chart of Accounts that any Business Owner, Bookkeeper or Accountant Can Use
For those of you who know anything about the restaurant industry, you understand “Mise En Place” – a French culinary phrase which means “putting in place” or “everything in its place.” A proper Chart of Accounts functions the same way as an organized restaurant station. Everything has its proper place, everything is conveniently located and […]
How to Record Daily Sales for Your Restaurant (Using Journal Entries)
How to Record Daily Sales for Your Restaurant (Using Journal Entries) Like any business, the overall success and health is driven and maintained by what happens in the “back office.” I know from personal experience that a restaurant can have amazing food, a friendly staff and an awesome location but if the owners/operators don’t have […]