Profit & Loss Communal Table

How do I know if my Profit & Loss statement is accurate?

We train our Account Managers to review Profit & Loss statements to ensure accuracy. Here are a few tricks of the trade that I would encourage any of our clients to do as well, to verify everything looks correct. 1) Compare Your P&L to the Period Before Always look at your P&L and compare it […]

Insights

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

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