Budget + Spend

"We believe that if we take this concept and educate the team about the financial realities of a business and make them more conscious of what makes the business profitable, then we all win." - Henry Patterson, Former Restaurant Owner, CEO and Founder ReThink Restaurants

FEATURES

Article

What is the Average Restaurant Profit Margin? Tips for Benchmarking and Optimizing

Learn how to track and optimize your restaurant profit margins and take a look at average margins across the industry to see how you stack up.

Article

How to Manage a Restaurant Balance Sheet

Learn how to create and manage a restaurant balance sheet to assess and improve your restaurant's finances.

POPULAR

Article

How to Calculate Your Restaurant's Prime Cost

Prime costs are the sum of the total cost-of-goods-sold (COGS) and the total labor costs. Learn why it's a critical financial and operational restaurant metric and how to track it.

Article

How to Read a Profit and Loss Statement

Learn how to create and analyze a profit and loss statement using this restaurant income statement template and guide.

Article

Which Inventory Costing Method Is Right for Your Restaurant?

Inventory costing can help make the process of managing inventory easier — and more profitable. Here are the differences between the FIFO, LIFO, and WAC methods.

Article

How To Calculate Liquor Cost in Your Bar or Restaurant

Here is a liquor cost formula to track your spending, inventory, and find ways to save.

Article

How to Calculate Restaurant Cost of Goods Sold

Calculating your restaurant cost of goods sold might seem like a pain, but it's an important part of making sure your business is healthy. Here's an easy way to calculate it.

Article

How to Calculate Your Restaurant Labor Cost Percentage

Learn to calculate restaurant labor cost by hours worked, labor cost as a percentage of revenue, and labor cost as a percentage of restaurant operating costs.

All Accounting Resources

Latest

How-to Guide

How Restaurant Cost Breakdowns Can Boost Financial and Operational Performance

Restaurant operators must understand the costs they're up against if they want to optimize performance, turn a profit, and scale their business.

Article

How to Control Food Cost in a Restaurant

Manual food cost control methods are no longer feasible for protecting your margins in today's volatile environment. See how you can inject automation into your food cost management.

Article

How Much Do Bakeries Make?

Be your own cake boss and get in on the $3 billion bakery industry. Let’s discover just how much bakeries can make.

Article

How Much Do Juice Bars Make?

Press your way to success – and calculate your juice bar’s revenue potential with this guide.

Article

How Much Do Coffee Shops Make?

Get in on the $70 billion coffee industry with this guide.

Showing 1-5 of 53