1. David Scott Peters

By David Scott Peters Restaurant Tip of the Week How do you keep track of your liquor? Do you? While there are many different ways to set up a liquor inventory system, the one I present is easy [...]

It’s New Year’s Resolution time. This year, did you make some of the resolutions common to independent restaurant owners? A promise to get your life back and work fewer hours? How about to [...]

By David Scott Peters Restaurant Tip of the Week When determining pricing for your restaurant bar offerings, keep in mind, there are four standard pricing tiers and a fifth specialty tier: 1. [...]

By David Scott Peters Restaurant Tip of the Week Use your answers to set the prices Whether you are pricing a shot of liquor, a mixed drink, a bottle of beer, a glass of draft beer or a glass of [...]

By David Scott Peters Restaurant Tip of the Week It all goes back to staying in budget Do you want to know why inventory turns are so important? Knowing your inventory turns will help you stay in [...]

By David Scott Peters Restaurant Tip of the Week Use a purchase order form The purchase order form is used primarily for placing and receiving food and supply orders, but it can also be used for [...]

By David Scott Peters Restaurant Tip of the Week Inventory turn If a turn is the process of completely emptying your stocked shelves and restocking them, what about the items on your shelves that [...]

So, what is accrual accounting for restaurants? I advise all of my members – independent restaurant owners like you – to set up their businesses on an accrual accounting basis. [...]

By David Scott Peters Restaurant Tip of the Week The great inventory theory Conducting inventory in your restaurant ensures your money is in the bank, not on your shelves. But how do you know [...]

By David Scott Peters Restaurant Tip of the Week The purchase allotment system will allow management to order what is needed to operate smoothly, while staying within the budget, and to recognize [...]