Restaurant Profit and Loss Statements: Understanding and Creating Them
Restaurant Profit, Loss, Financial Data What is a Profit & Loss Statement A restaurant profit and loss statement also referred to as a restaurant P&L, shows your business’ costs and revenue (net profit or loss) during a specified period of time. In other words, your P&L functions as a bank statement for your hospitality organization to monitor your […]
Bookkeeping Accounting and Tax Filing for Restaurants Guide
If you’re reading this, it’s probably because you’ve realized that managing the back office part of your restaurant or bar is tedious, mundane and time-consuming. And, more importantly, it’s taking you away from your “real” work, the reason you started your business in the first place. Maybe your NYC hospitality business is really taking […]
Take care of local NYC regulations, keep your customers happy, your bottom line healthy
[vc_row][vc_column][vc_column_text]In NYC, we have a great selection of ethnic, casual dining, and fine dining restaurants; as well as diners, delis, street vendors, juice and smoothie bars, coffee shops, and bakeries. However, the recent five years of record growth for the real estate market have increased commercial property rents for NYC’s hospitality businesses. But it’s not […]
Accounting Tips to Reduce 4 Time-Consuming Restaurant Duties
Restaurant Tips to Reduce 4 Time-Consuming Operational Tasks The Manhattan restaurant business is as booming and thriving as ever. Many restaurant owners and managers want to take advantage of this fact, so they have changed a large quantity of operational details. This means the expansion of operating hours and the much needed expansion of […]