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 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 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 […]
Restaurant Assets: Everything You Need To Know
Do you know everything about your restaurant assets? Not just what they are, but how your restaurant’s assets interact with other critical elements of that indispensable, indisputably important financial report, the balance sheet? Below, you’ll find RASI’s all-in-one resource on restaurant assets. In this article, we’ll cover: How assets of a restaurant are defined Difference between restaurant long-term vs. […]
The Importance of Franchise Accounting
A franchise is all about authorization. For entrepreneurs and small business owners, owning a franchise offers them the ability and support to carry out the larger corporation’s core company offerings and commercial activities. Suppose your restaurant is part of a franchise, or you own a group of individual restaurants that comprise a franchise. There are […]
Turn Your Restaurant Analytics into Profitable Business Intelligence
Today, innovative restaurants are using business intelligence to drive operational efficiencies, improve profitability, and reduce managerial burdens. How do they do it? The clearest way to understand restaurant business intelligence is to run through example metrics used by experienced operators. Note that in order to use business intelligence in your restaurant, you need to be […]
Why You Need to Integrate your POS System and Accounting Software
The Importance of Integrating Your POS System & Accounting Software Think of the multitude of processes your restaurant performs on a daily or weekly basis – Payroll. Payment processing. Vendor Payments. General accounting – and those are merely the tip of the proverbial iceberg. Now, think about how seamless all these tasks would be with […]