A Comprehensive Guide to Retained Earnings on a Balance Sheet
Retained earnings are the lifeblood of a company’s financial growth and sustainability. They reflect the net income that has been reinvested in the business rather than distributed as dividends. This post will illuminate what retained earnings on a balance sheet are and the steps to calculate them. What Are Retained Earnings on a Balance Sheet […]
A Comprehensive Guide to Net Income on a Balance Sheet
One of the most critical figures on a company’s financial statement is the net income. It’s a true representation of a company’s financial performance over a period. This comprehensive guide will shed light on net income on a balance sheet and explain how to calculate it. What is Net Income on a Balance Sheet Net […]
How to Create a Balance Sheet for Small Business
A balance sheet is fundamental to understanding your business’s fiscal standing. It’s a financial snapshot showing what your company owns, owes, and the equity invested. This vital tool plays a pivotal role in financial planning and profitability analysis. Every small business owner must learn how to create a balance sheet. WATCH THE FULL VIDEO BELOW! […]
Profit Margin Calculator: Understanding and Improving Restaurant Profit Margins
Profit margin is a guidepost to the overall health of your business. If you have a solid profit margin, that means you earn substantially more than the cost of production on each sale. It’s common to target a certain profit margin in operational decisions. Profit margin can be used as a tool for pricing, and […]
How To Increase Your Restaurant Sales
Innovative Strategies and Technology Solutions to Boost Restaurant Sales: As the summer season approaches, restaurants nationwide gear up to capitalize on the influx of diners seeking delicious meals and memorable experiences. While warm weather and longer days naturally draw people out of their homes, savvy restaurant owners understand that strategic planning and innovative promotions are […]
How to Buy a Restaurant: Everything You Need to Know, Financially
In this article we review the financial information you’ll need to evaluate purchasing a restaurant, including: finding good prospective restaurants for sale, recognizing high quality vs poor deals, and demonstrating your credit worthiness to lenders and investors, and more. Learn about the business A preliminary step in how to buy a restaurant is to gain […]
Restaurant Business & Startup Loans: Complete Guide
How to Get a Business Loan for a Restaurant? If you think you might want a loan for your restaurant, there are a few prerequisites to understand. First, assess your business prospects. Lenders want to place their money with businesses that are in good health and are likely to pay them back. You’ll need to […]
Restaurant Menu Pricing: The Secret to Your Restaurant Success
Restaurant Menu Pricing: The Secret to your Restaurant’s Success What’s the one key ingredient – figuratively speaking – of your restaurant’s ultimate success? Some restaurant or bar owners think it’s all about location, location, location. Others may lean toward a loyal customer base. And don’t forget about seasonal swings and capitalizing on the “perfect timing” […]
Restaurant Accounting: A Complete Guide
The Ultimate Guide To Restaurant Accounting Getting a restaurant up and running is a challenge. Keeping a single establishment or franchise profitable over months and years is even more so. What separates the restaurants that quickly fail from those that have been established for an extended period? Sales & Expenses Point-of-sale (POS) Transactions Financial Reporting […]