A Comprehensive Guide to Retained Earnings on a Balance Sheet

Exterior of a restaurant, looking into an empty dining room on a dark night.

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

Net Income on a balance sheet definition.

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

Restaurant FOH employees on tablet.

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

Restaurant manager wearing an apron working on laptop at cafe bar.

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 […]

Budget Friendly Restaurant Events & Promotion for Summer

Sangria and cocktails on a wooden table.

RASI’s back-office restaurant solutions can help your summer promotions all season long…and beyond!  How to Plan Can’t-Miss Restaurant Summer Events and Promotions  The first step is to recognize and target your intended customers. What is the main demographic you’re targeting? Families? Couples? Location plays a big role as well. If your restaurant is near a […]

How to Buy a Restaurant: Everything You Need to Know, Financially

Modern restaurant dining room with patron and server.

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 […]

Optimizing Restaurant Payroll Percentage

Elegant restaurant dining room with tables set, ready for service.

Understanding the basics of your restaurant payroll percentage In this article we’ll teach you how to calculate your payroll percentage, why it’s an important measure of the health of your business, and how you can improve restaurant labor costs with modern technology and sound management practices. What is payroll percentage? Your restaurant payroll percentage is […]

Restaurant Business & Startup Loans: Complete Guide

Close up image of man holding paper with laptop and coffee cup in background.

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 Chef plating food in the kitchen

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” […]