The time taken to prepare a restaurant’s financial statements after the end of the reporting period matters a lot. The quicker the financial statements get in the hands of the restaurant operators and managers; the sooner operational problems or shortcomings can be identified, and steps can be taken. When operators wait more than one to two weeks or more to see their figures, the less relevant and valuable they are in managing the restaurant.

Today, as most restaurant businesses have online banking access and cloud based accounting systems with connected apps, it is possible to obtain their financial statements within 2-3 days after the end of the time-period (depending on the timely availability of data, ideally real-time availability of Purchase invoices). This along with the prime cost reporting gives them a real edge to stay on top of their ebbs and flows of their key costs and margins and to identify and respond to potential problem areas quickly and effectively.

Our team at Fruxient Accounting will deliver the weekly reports within 3 days at the end of the previous week for necessary action at the end of the restaurant operator. For more details on Reporting, please visit www.fruxient.com