Why is it that as business owners and restaurant owners that it sometimes feels like accountants show us smoke and mirrors? A lot of restaurant owners don't know what the heck accountants are saying to us. They feel beholden to them but don't know what's going on. In this video I'm going to identify...

Running a restaurant by the numbers can be a challenge if you don't know what numbers you need to know in the first place. Off the top of your head though, I bet you can name three without even thinking: food cost, labor cost and your profit loss. While there are many more numbers to know, I want to...

Restaurant accounting… do I really need to say more? It's a challenge. No matter if you're doing it yourself, or you're farming it out, most of the numbers and reports you have are worthless when it comes to running your business. Don't get me wrong. You’re getting your taxes paid, but I want more f...

Does looking at your restaurant financial statements give you a headache? Do you ever wonder what some of the terms your accountant throws at you mean? If you feel like you should already know what key accounting terms mean, and you're a little afraid to ask your accountant for clarification, you're...

 Restaurant accounting and bookkeeping can be a nightmare. Many restaurant owners fall into the trap of trying to do everything themselves, including bookkeeping and payroll. But what if I told you, while you might be saving hundreds of dollars each month not paying for those services, that you're p...

 Does restaurant accounting make you feel like you're 10 years old, sitting at your school desk and it was the first time you were asked to solve for X? Can you remember the feeling? Like, this has got to be a foreign language! For so many, all these years later, they still struggle to speak this la...

Have you ever looked at your profit and loss statement and wondered what goes into the line items? Have you ever asked yourself what expense goes into that line item and decided not to call your accountant because you're fearful of getting charged more? Is your profit and loss statement something yo...

As a restaurant owner, are you afraid of your numbers? Do you look at your profit and loss statement only to see if you made or lost money the past month? Do you struggle actually knowing what goes into each line item? Well, you're in the right place because I'm about to talk to you about three impo...

Restaurant accounting requires a special touch and there is no one I recommend more to independent restaurant owners than Anne Gannon, CPA.

In this latest episode of The Restaurant Prosperity Formula podcast, Anne and I talk about many important topics, including:

• Why it’s probably worth keepi
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Learning to run our restaurant during a pandemic has been one of the greatest challenges of our lives. The restaurant industry was flourishing and then came March 2020, when, BOOM, we had to close our doors and literally learn to pivot our businesses so we could still have cash flow, even in a pande...

Let's be honest. You didn't get into the restaurant business so you could run payroll. But payroll is an unavoidable part of doing business. And if you don't do it right and don't pay attention, you could held liable.

Watch this video, or continue reading below, for three things you must know when ...

As a small business, your restaurant is fueling our economy. It also means, as a small business, you have to know about tax planning. No one really likes to talk about it, but tax planning is important for restaurants. Watch the video below, or keep reading, for more information about tax planning. ...