Restaurant Financial Basics

Author : Raymond S. Schmidgall
Publisher : John Wiley & Sons
ISBN 13 : 0471449164
Total Pages : 354 pages
Book Rating : 4.64/5 ( download)

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Download or read book Restaurant Financial Basics written by Raymond S. Schmidgall and published by John Wiley & Sons. This book was released on 2003-03-10 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: A complete, practical guide to managing restaurant business finances One of the keys to a successful restaurant business is strong financial management. This book equips readers with the tools needed to manage the finances of foodservice establishments effectively. Written by expert authors with extensive experience in the field, this accessible resource is filled with valuable information that can be applied to day-to-day operations. It offers concise, down-to-earth coverage of basic accounting topics-including pricing, budgeting, cost control, and cash flow-as well as more specialized information, such as how to establish menu prices.

Author : Raymond S. Schmidgall
Publisher :
ISBN 13 : 9780470112984
Total Pages : 784 pages
Book Rating : 4.80/5 ( download)

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Download or read book Schmidgall/Restaurant Financial Basics + Restaurant Concept Operation 4E written by Raymond S. Schmidgall and published by . This book was released on 2006-07-01 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : John R. Walker
Publisher :
ISBN 13 : 9780471728269
Total Pages : 352 pages
Book Rating : 4.68/5 ( download)

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Download or read book Restaurant Financial Basics written by John R. Walker and published by . This book was released on 2004-11-01 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Hyung-il Jung
Publisher : CRC Press
ISBN 13 : 1351376675
Total Pages : 306 pages
Book Rating : 4.79/5 ( download)

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Download or read book Restaurant Financial Management written by Hyung-il Jung and published by CRC Press. This book was released on 2018-09-03 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new book, Restaurant Financial Management: A Practical Approach, provides valuable guidance on how to apply the concepts of accounting and finance to real-life restaurant business activities. This book is unique because it provides an understandable framework that breaks it down into three clear steps of applying techniques of accounting and finance to evaluate a restaurant business: It introduces how to consolidate major activities of a restaurant business into useful accounting information. It explains how accounting information is analyzed and then used to forecast the future. And it introduces the methods of projecting the future and determining the current value of a restaurant business. Using this approach, readers can develop useful knowledge on how to relate accounting and finance to a real-life restaurant business. Using an imaginary restaurant business (based on a real restaurant) as an example to demonstrate a series of relevant business activities, the book walks the reader through provides the restaurant accounting activities and shows how they provide meaningful information, giving the reader a bird’s eye view.

Author : Harvard Business Review
Publisher : Harvard Business Review Press
ISBN 13 : 1422187322
Total Pages : 192 pages
Book Rating : 4.26/5 ( download)

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Download or read book HBR Guide to Finance Basics for Managers (HBR Guide Series) written by Harvard Business Review and published by Harvard Business Review Press. This book was released on 2012-09-18 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: DON’T LET YOUR FEAR OF FINANCE GET IN THE WAY OF YOUR SUCCESS Can you prepare a breakeven analysis? Do you know the difference between an income statement and a balance sheet? Or understand why a business that’s profitable can still go belly-up? Has your grasp of your company’s numbers helped—or hurt—your career? Whether you’re new to finance or you just need a refresher, this go-to guide will give you the tools and confidence you need to master the fundamentals, as all good managers must. The HBR Guide to Finance Basics for Managers will help you: Learn the language of finance Compare your firm’s financials with rivals’ Shift your team’s focus from revenues to profits Assess your vulnerability to industry downturns Use financial data to defend budget requests Invest smartly through cost/benefit analysis

Author : Allen Mbengeranwa
Publisher : Lulu.com
ISBN 13 : 1291859764
Total Pages : 83 pages
Book Rating : 4.68/5 ( download)

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Download or read book Restaurant Financial Management: Introduction to Accounting and Finance for Independent Restaurants written by Allen Mbengeranwa and published by Lulu.com. This book was released on 2014-06-08 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Restaurant Business is littered with failure and survival is often at best measured in terms of odds, bets and Hail Mary's. RESTAURANT FINANCIAL MANAGEMENT: INTRODUCTION TO ACCOUNTING AND FINANCE FOR INDEPENDENT RESTAURANTS, THE THIN RED LINE aims to reduce the number of areas that the Restaurateur or Professional Chef has to worry about by providing a basis for understanding core financial methods and systems. Restaurant financial Management shows you how to: * Understand what is Accounting and Finance *Create reliable Bookkeeping systems *Use numbers and records for efficient management *Apply Accounting principles to avoid disaster *Understand internal and external financial reporting relationships and management techniques This book also contains valuable examples, graphs, forms and illustrations. These are all useful aids to understanding and learning the financial principles explained as quickly as possible.

Author : Jody Pennette
Publisher : Penguin
ISBN 13 : 1615648534
Total Pages : 314 pages
Book Rating : 4.35/5 ( download)

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Download or read book Starting and Running a Restaurant written by Jody Pennette and published by Penguin. This book was released on 2015-09-01 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Around 90% of all new restaurants fail in the first year of operation. Many owners think they have the perfect idea, but they have terrible business plans, location, or other issues. Idiot's Guides: Starting and Running a Restaurant shows budding restauranteurs the basics of honing in on a concept to gathering start-up capital to building a solid business plan. You will also learn how to choose a great restaurant location, select an appealing design, compose a fantastic menu, and hire reliable managers and staff. In this book, you get: • Introduction to basic requirements of starting a restaurant such as time management, recognizing your competition, choosing your restaurant concept, and making it legal. • Information on building a solid business foundation such as a solid business plan, a perfect location, where to find investors, and securing loans. • Suggestions on how to compose the perfect menu, laying out the front and back of house and bar, and choosing the must-have necessities such as security alarms and fire prevention. • Techniques on how to hire and train your staff, purchasing or renting supplies, understanding costs and setting up your financial office, and using social media as a marketing tool. • Secrets for keeping your customers returning, running a safe restaurant, managing employees, and building your PR sales plan. • Pre-opening checklists to ensure everything is ready by opening day. Operational checklists and forms a successful restaurateur will need to manage their restaurant.

Author : Zachary Weiner
Publisher :
ISBN 13 : 9780578556246
Total Pages : 226 pages
Book Rating : 4.43/5 ( download)

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Download or read book QuickBooks for Restaurants a Bookkeeping and Accounting Guide: A Must-Have QuickBooks Guide for Restaurant Owners and Operators written by Zachary Weiner and published by . This book was released on 2019-08-11 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Back Office Restaurant Accounting Guide You've Been Searching for! Restaurants are notorious for their low margins and even lower success rates. It's no surprise that restaurant owners and operators are usually stressed out. Many wonder if they can ever truly break the cycle of a runaway payroll or ever-increasing food and beverage costs. It's no surprise that it's sometimes easier to quit than to push through. However, I argue that with the right support and know-how, owners and operators can set up and successfully execute all of their back-office tasks. With the help of my guide, anyone can run the balanced-book restaurant of their dreams. QuickBooks for Restaurants - A Bookkeeping and Accounting Guide shows restaurant owners and operators how QuickBooks software can be leveraged for restaurant success. I explain QuickBooks fundamentals, including sales tracking, purchasing, bill paying, invoicing, managing day-to-day liabilities, gift certificate tracking, cash management, detailed reporting, and more. I also guide owners and operators through the process of accounting for sales, payroll, inventory and more. Ultimately, I show owners and operators how to create the accurate financials and reporting that will enable them to make better informed, data-driven decisions. Inside, learn: How to record daily sales and payroll entries How to understand and navigate the regular accounts payable cycle How to manage day-to-day liabilities How to conquer restaurant inventory How to generate and understand key restaurant reports ZACHARY WEINER is a full-time business consultant helping small- to medium-sized businesses achieve their financial and operational goals. He specializes in restaurants, hospitality, startups, and real estate from pre-revenue to annual revenue of up to tens of millions of dollars. An entrepreneur and an economist by training, Zachary has written numerous bestselling books and guides that have helped thousands of small business owners and operators better manage their finances. His newest book brings a new and easy-to-understand perspective to the world of restaurant accounting.

Author : Jonathan Hales
Publisher : Routledge
ISBN 13 : 1136431616
Total Pages : 304 pages
Book Rating : 4.16/5 ( download)

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Download or read book Accounting and Financial Analysis in the Hospitality Industry written by Jonathan Hales and published by Routledge. This book was released on 2006-08-11 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this textbook is to teach students to be conversational in speaking “numbers.” This means understanding fundamental accounting concepts, developing solid financial analysis abilities, and then applying them to understand and improve the operational performance of their hotel or restaurant. The book will accomplish this by studying the current practices of some of today’s leading hotel and restaurant companies. Chapters will be developed under the auspices of a select group of hospitality industry General Mangers, Directors of Finance, and Regional Accounting Managers to ensure that the information is current, accurate and useful. Understanding and applying the information will be the main focus of this book. This textbook should provide hospitality managers the knowledge and experience to be comfortable in using numbers to operate their departments. This includes developing the ability to perform all accounting and financial aspects of their position efficiently and correctly including revenue forecasting, wage scheduling, budgeting, P&L critiques, purchasing procedures and cost control methods. As a result, they will have more time to spend on the floor with their customers and employees. This knowledge will help them understand their operations and how to improve, change or expand them to increase revenues or profits.

Author : Bruce Nelson
Publisher : Wisdom Editions
ISBN 13 : 9781950743315
Total Pages : 142 pages
Book Rating : 4.14/5 ( download)

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Download or read book Restaurant Management written by Bruce Nelson and published by Wisdom Editions. This book was released on 2020-09-02 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do most independent restaurants fail? Though they may have created beautiful menus and warm inviting atmospheres, but they simply failed to apply basic restaurant financial fundamentals!Learn how a dishwasher, turned restaurant manager, turned CFO, mastered the financial strategies that lead to a career of financial success. You will see how budding restaurateurs may win accolades from fans and the press but fail to keep a financially deficient restaurant door's open. By following Bruce's 40-year restaurant career, you'll learn the most common financial mistakes independent restaurateurs make and the strategies that can turn around any restaurant.In this book, you'll learn the business strategies that, when applied to any hospitality operation, will ensure success. Make your financial operations effortless by learning the Math of restaurant operations, avoiding the most common Myths of restaurant operations, and turning the Magic of restaurant operations into success!Bonne fortune financière!