ON THE LINE

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?

Here's a crash course on restaurant profit margin and how to achieve and maintain profitability in your restaurant.

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

Tracking prime cost helps you stay informed about the financial health of your business, so you can confidently adapt your operations and strategies.

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 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

Article

The Guide to Restaurant Accounting

Navigating restaurant accounting and restaurant bookkeeping software can be a challenge for restaurant owners. We hope this guide will make it easier for you.

Article

What is the Average Restaurant Revenue for a New Restaurant?

Let's dive into the average restaurant revenue, and how to boost yours.

Article

Break-Even Analysis: How to Calculate Break-Even Point for a Restaurant

Here are the essential formulas and breakdowns to help you better understand how to calculate the break-even point for your restaurant.

Article

How To Calculate Restaurant Overhead Rate

Here's how to calculate, and effectively reduce, your restaurant's overhead rate — without compromising your guest experience.

Article

Food Cost Formula: How to Calculate Your Food Cost Percentage

52% of restaurant professionals named high operating and food costs as a top challenge
Showing 1-5 of 25