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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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.

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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

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.

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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 free 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 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.

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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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How to Optimize Your Restaurant Gift Card Accounting and Bookkeeping

Understand the accounting practices you need to implement to accurately capture and reconcile gift card transactions.

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7 Critical Restaurant Benchmarks

Here are the 7 most important restaurant benchmarks your restaurant should consider analyzing and how you can exceed them.

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The Complete Guide to Restaurant Financing and Loans

Whether you’re opening a new restaurant, expanding your concept, or renovating within your existing four-walls, you’re going to need capital to make it all happen.

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Taking a Physical Count of Restaurant Inventory that Actually Counts

Learn how to optimize restaurant inventory counts and take action on the insights you discover.

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Everything You Need to Know About Startup Business Loans

There are so many sources of funding for startups out there. Find out which routes make sense for your business.
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