Blog
September 12, 2020
Background – Our client is a franchise of Papa John’s Restaurant in USA and operates nearly 40 stores throughout the entire country. Before they started working […]
September 12, 2020
Once upon a time, giving gift cards wasn’t as respectable as buying an actual tangible gift, but today, they’re more popular than ever. They’re an easy […]
September 12, 2020
A payroll journal entry is a method of recording expenses in the books of accounts of your restaurant pertaining to employee compensation. A payroll journal entry […]
September 12, 2020
Depending on your POS system Void may be called; Cancel, Over-ring, Delete, Clear, etc. For example, an employee takes an order and the customer changes their […]
September 12, 2020
A restaurant is not a thing. It is not a structure. It is not a group of people. It is not a recipe, concept, or a […]
September 12, 2020
How quickly a restaurant’s financial statements are prepared after the end of the reporting period matters a lot. The faster the financial statements get in the […]
September 12, 2020
Accrual basis accounting means that revenue is “recorded” or “recognized” when it is earned and expenses are “recorded” or “recognized” when they are incurred, regardless of […]
September 12, 2020
According to the Uniform System of accounts for restaurants issued by the National Restaurant Association, the budget for ongoing bookkeeping and accounting is about 1 percent […]
September 11, 2020
The challenge: The problem is that there are different numbers of days in every month. Some months have 30 days, some have 31 days, and February […]