When Should You Hire a Bookkeeper?
Running a restaurant is a lot of work! You may spend your days training staff, reviewing your menus, meeting with vendors, and working on marketing campaigns. There’s only so much time in the day, and it’s easy to overlook your books. However, if you don’t keep track of your accounts, you may find your invoices […]
The Key Difference Between Bookkeepers and Accountants
Many restaurant owners start out by doing their own books, but as your business and responsibilities grow, you may find yourself too overwhelmed to handle the finances. You need to hire someone but should you bring on an accountant or a bookkeeper? Though these terms are often used interchangeably, they are two separate positions with […]
How to Do Bookkeeping for Small Business: Everything You Need To Know
How to Do Bookkeeping for a Small Business If you own a restaurant or any type of business, you will have to perform bookkeeping to track all your income and expenses. A well-designed bookkeeping program can ensure that your bills are paid, you receive money for your invoices, and you have money set aside for […]
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 Permits & Licenses Needed to Open a Restaurant
Restaurant Permits and Licenses Overview Disclaimer: This blog article is strictly for educational and informational purposes only and is not intended to provide tax, compliance, legal or other advice/counsel. Every restaurant owner/operator is ultimately responsible for its own compliance with federal, state, and local regulations in regard to licenses and permits. Please contact your attorney […]
How to Start a Restaurant: The Ultimate Financial Plan
You’d like to know how to start a restaurant business but are not exactly sure where to begin. You want to start a restaurant and you create the ideal concept in your head. That concept begins with the idea at its inception. However, for your idea to survive, or even better to thrive, it must […]