Insights Communal Table

Which Financial Reports Should I Look at to Understand My Restaurant Business?

When you learn about accounting in college, three main documents provide the complete picture of your business. These statements tie together to tell your entire financial story. Most operators focus strictly on the P&L. They want to see: “How did I do last month?” They don’t look at their balance sheet enough, because payments (or […]

Which Financial Reports Should I Look at to Understand My Restaurant Business? Read More »

Insights

How FIXE Restaurant Bookkeeping Works For Franchises

In a relationship with a franchisor, a franchisee has to be able to run their own business. In doing so, they must be able to do their own accounting. The franchisor shouldn’t be able to dictate who does the books at franchises, because it’s overstepping the relationship. A lot of times, franchisees will get their

How FIXE Restaurant Bookkeeping Works For Franchises Read More »

Insights

FIXE Team Member Spotlight: Kris Middleton-Kearns

Kris Middleton-Kearns, who is known within the FIXE community as Kris Kay, was born and raised in San Diego. She earned her certificate in accounting from Foothills Adult School, and completed general accounting and managerial accounting at Cuyamaca College. Kris handled Accounts Receivable for a fire protection company, assisted with in-house bookkeeping while also being

FIXE Team Member Spotlight: Kris Middleton-Kearns Read More »

Insights

Restaurant Finance & Development Conference (RFDC) Takeaways

Restaurant Finance Monitor hosted their annual Restaurant Finance & Development Conference from November 11-13 at the Fontainebleau Las Vegas hotel. I attended RFDC the past two years, getting the lay of the land, meeting with software companies and building relationships. This was our first year having a FIXE booth, which makes a big difference. RFDC

Restaurant Finance & Development Conference (RFDC) Takeaways Read More »

Insights

FIXE custom, multi-entity reporting is a game-changer for restaurant bookkeeping

The FIXE dashboard now features custom, multi-unit comparative reporting, a powerful resource to make better informed, more timely business decisions. Restaurant groups can compare financials from up to 5 restaurants on one screen. Just select the locations, date ranges and categories you like. See exactly where you stand and find areas to improve. We can

FIXE custom, multi-entity reporting is a game-changer for restaurant bookkeeping Read More »

Insights

FIXE Team Member Spotlight: Mariana Martinez

Mariana Martinez is a dedicated FIXE Account Manager based in Nicaragua. She grew up in the Spanish colonial town of León, and 25 years ago, her family moved to Managua, the country’s bustling capital, where she has lived ever since. With a degree in Management and International Business from Thomas More University in Managua, Mariana

FIXE Team Member Spotlight: Mariana Martinez Read More »

Insights

How is my restaurant doing with sales and efficiency?

Which sales metrics and efficiencies should restaurants focus on to determine whether they’re succeeding in business?

How is my restaurant doing with sales and efficiency? Read More »

Insights

FIXE Team Member Spotlight: Nicoll Maligaya

Nicoll Maligaya is a FIXE Senior Lead who lives in Cavite, a city that’s located south of Manila in the Philippines. She earned a Bachelor of Science degree in Business Administration and Accountancy from De La Salle University, majoring in Agribusiness Management. Before a relative connected her with FIXE in June 2022, Nicoll worked as

FIXE Team Member Spotlight: Nicoll Maligaya Read More »

Insights

How am I doing with my restaurant investment?

Cash on cash return, sales per square foot, construction cost per square foot, and rent per square foot are the major metrics that you want to look at to see if your numbers make sense and if it’s going to be a reasonable, attainable investment.

How am I doing with my restaurant investment? Read More »

Insights

Comparing Accrued vs. Incurred restaurant bookkeeping

You incur expenses and record them as money leaves your bank account. Accrual spreads out expenses across the time period that expense covers.

Comparing Accrued vs. Incurred restaurant bookkeeping Read More »

Insights

Benefit from restaurant shows + California Restaurant Show findings

Attend restaurant shows to meet people, get new perspectives and promote what you’re doing, which will benefit your business in different ways.

Benefit from restaurant shows + California Restaurant Show findings Read More »

Insights

Demystifying restaurant sales misalignment

Sales numbers don’t necessarily match up in platforms like QuickBooks Online (QBO) and Toast, which causes confusion. Understand line items.

Demystifying restaurant sales misalignment Read More »

Insights

Grow your restaurant business with QuickBooks Online (and FIXE)

QuickBooks Online (QBO) is an industry-standard software that small businesses use to efficiently manage their finances. FIXE integrates QBO.

Grow your restaurant business with QuickBooks Online (and FIXE) Read More »

Insights

National Restaurant Association Show practical advice and industry trends

Ryan Handel attended National Restaurant Association Show in Chicago. He shares trends and advises how to get the most out of your experience.

National Restaurant Association Show practical advice and industry trends Read More »