Restaurant Accounting Tip
By David Scott Peters
Restaurant Tip of the Week
Know Your Restaurant Accounting
Understanding your accounting is a building block of your success. Why? Because the financial statements are the report card for the business and if you get a bad report card, you need to know where to look to get your grades up. Your accountant is the expert, but you do need to be able to recognize if what they have produced is accurate. It’s important to know what they need to give you reports that are useful in running the restaurant. If you don’t know how to read your financial statements, ask for a tutorial.
David Scott Peters is a restaurant expert, coach, trainer and speaker, specializing in teaching independent restaurant owners how to use systems for increased sales and increased profits. He is the nationally acclaimed restaurant coach whose unique “SMART Systems” approach to boosting profits has earned him the title of, “The man who can walk into any restaurant in America and find $10,000 in undiscovered cash before he hits the back door – Guaranteed!” Visit www.TheRestaurantExpert.com for more. Learn more tips, tricks and secrets in David’s free five-part e-course, “How to Explode Your Restaurant Profits NOW!” Simply sign up to receive the e-course at TheRestaurantExpert.com.