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

Rest Profit Margin

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.

Restaurant Balance Sheet Thumbnail

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

How to Calculate Prime Cost Thumbnail

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.

Man laptop cafe thumbnail

How to Read a Profit and Loss Statement

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

Restaurant Inventory Costing Methods FIFO vs LIFO vs WAC Thumbnail Image

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.

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.

Restaurant Cost of Goods Sold Measuring COGS Thumbnail Image

How to Calculate Restaurant COGS and Boost Profitability

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.

Restaurant Labor Costs

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 Price Food For Catering in Today’s Market

From calculating COGs to adjusting for inflation, here’s everything to know about pricing food for catering.

Menu Pricing Strategy Thumbnail Image

How to Price Restaurant Food in Today’s Market

How to set the right price for your restaurant food.

Ice Cream Shop Thumbnail

How Much Does An Ice Cream Shop Make?

Learn how to optimize your ice cream shop’s revenue and improve profit margins.

BBQ Restaurant Names

How Much Revenue Does a BBQ Restaurant Make?

Learn how to optimize your BBQ restaurant’s revenue and improve profit margins.

Mobile bar profitability

How Much Do Mobile Bars Make? (Average Mobile Bar Revenue Data 2024)

In this article, we’ll look at how you can increase mobile bar revenue and reduce costs to maximize profitability.

Showing 1-5 of 203