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How to Make Restaurant Accounting Easier — Restaurant Accounting…do I really need to say more? It's a challenge. It doesn't matter if you do it yourself or operate it, most of the numbers and reports you have are worthless for running your business. Do not mistake yourself. You get your taxes, but I want more for you. You deserve better. Stay with me and I'll tell you how to make restaurant accounting easier.
I wrote a book for restaurateurs and managers: https://amzn.to/2ZYlL7Y
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Welcome to my YouTube channel. I'm David Scott Peters, a restaurant coach and speaker who teaches restaurateurs how to cut costs and increase profits with my trademark Restaurant Prosperity formula. Known as The Restaurant Industry Expert, I apply my no-BS style to teach and motivate restaurateurs to take control of their business and finally realize their full potential. Thousands of restaurants have used my formula to transform their businesses. To learn more about me and my coaching program, visit http://www.davidscottpeters.com.
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How to make restaurant accounting easier? Well, I have some resources for you.
First, start with the right chart of accounts. It's line by line by line to make your income statement make sense to you. To learn more, be sure to watch my Accounting Chart video.
Second, learn the jargon restaurant accountants use so you understand and don't be embarrassed to ask questions. These are your numbers, and you can use these numbers to make changes in your business. To learn these key terms, be sure to watch my YouTube video with the Top 10 Restaurant Accounting Terms You Need to Know.
Third, understand the difference between a general ledger, a balance sheet, and a profit and loss account, and what each of them does. I know you're going to think this is crazy, but make sure to watch my YouTube video on how to understand restaurant accounting without being an accountant.
Fourth, make sure you hire an accountant who truly understands restaurants and the restaurant industry. They are not all created equal.
Currently, I shorten this for my members, and I send them and recommend the Largo group and its director Anne Gannon.
Follow these tips and make your restaurant accounting easier.
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Podcast page: https://dsp.coach/podcast
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