Categories for Accounting

Restaurant Bookkeeping Selected for Audit

5 Common Mistakes You May Be Making with Your Restaurant Bookkeeping

January 6, 2023 9:52 pm

There are an infinite number of ways restaurants can organize their finances—and five mistakes most of them make. Here’s how to address the most common issues.

Forecasting and Budgeting for Restaurants

New Hone Feature: Forecasting and Budgeting for Restaurants, No Spreadsheets Required

December 7, 2022 10:02 pm

Build a more data-driven restaurant business with intuitive forecasting, adjustable goals, and easy-to-review budgets. Learn more about Hone’s new forecasting and budgeting feature.

Jefferson Macklin on Opening a Restaurant

Jefferson Macklin on What You Really Need to Open a Restaurant

November 16, 2022 9:33 pm

Boston-based restaurateur Jefferson Macklin on what it really takes to open a new restaurant, plus other hard-won advice.

The 5 Metrics that Will Help Your Restaurant Survive and Thrive

The 5 Restaurant Metrics that Will Help Your Restaurant Survive and Thrive

October 26, 2022 6:12 pm

Most of your restaurant’s profitability comes down to these 5 restaurant metrics. Learn what they are and why they matter for your restaurant’s finances.

Daily, Weekly, and Monthly Practices to Improve Your Restaurant’s Profitability

Daily, Weekly, and Monthly Practices to Improve Your Restaurant Profitability

October 17, 2022 5:02 pm

With rising food costs and supply chain issues, running a restaurant is no longer business as usual. Here are the things restaurant owners can do daily, weekly, and monthly to keep their businesses profitable.

Restaurant accounting for fine dining

How to Improve the Profitability of Your Menu in Just 30 Minutes with Plate-Cost Analysis

October 7, 2022 10:18 pm

PROFITABILITY, FOOD COSTING, RESTAURANT BOOKKEEPING, MENU PLANNING How to Improve the Profitability of Your Menu in Just 30 Minutes with Plate-Cost Analysis If you haven’t looked at menu pricing vs. supply costs in a few months, you might be losing money. Here’s how to analyze Cost of Goods Sold (COGS) from your restaurant bookkeeping down […]

How Restaurants Are Improving Revenue while losing money, during the Pandemic

January 24, 2022 11:09 am

Already operating on razor-thin margins that hover around 5% (dropping to under 2% for full-service operations) restaurants need daily vigilance in order to stay healthy.

Does Your Restaurant P&L Really Help You?

January 22, 2022 7:02 pm

Each restaurant is unique, and its P&L statement should be customized to match business needs, breaking down each of these categories into smaller sections as required.

Restaurants: Squeezing Profits from Lower Revenues as Operating Costs Soar

January 17, 2022 1:24 am

Already operating on razor-thin margins that hover around 5% (dropping to under 2% for full-service operations) restaurants need daily vigilance in order to stay healthy.