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

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Complete Guide to Restaurant Profit Margins

What's the average restaurant profit margin? We'll cover restaurant profit margin averages so you can see how you stack up, plus give tips on increasing yours.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Food Prices Rising in 2021: How Your Restaurant Can Stay Ahead

Does your restaurant have a plan in place for monitoring and managing rising food costs? With food prices rising, here's how your restaurant can stay ahead.

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Food Cost Formula: How to Calculate Your Food Cost Percentage

Learn everything you need to know about restaurant food cost percentage, and how to calculate this metric using a formula.

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What Automatic Gratuity Means for Your Restaurant

Let's take a closer look at the automatic gratuity model.

Tip

What is a Cover in a Restaurant?

Calculating cover can provide valuable insight into your restaurant's finances. Here is some more insight into what cover is, and how to best use it in your business.

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Break Even Analysis for Restaurants: How to Calculate B.E.P

A break-even analysis can help you determine fixed and variable costs, set prices and plan for your business's financial future. Read on to learn more about finding the break-even point for your restaurant.
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