Restaurant accounting for QSR and Fast Casual Multi-Unit Franchisees – Time is Money

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 hands of the restaurant operators and managers; the sooner operational problems or shortcomings can be identified, and action can be taken. When operators wait more than one week or two weeks or more to see their numbers, the less relevant and valuable they are in managing the restaurant.

Today, as an most of the  restaurant businesses have online banking access and cloud based accounting systems with connected apps, it is possible to obtain their financial statements within two to three days after the end of the 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 advantage 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 of ending of the preceding week for necessary action at the end of the restaurant operator. For more details on Reporting, please visit www.fruxient.com/