Transformation is not something we do to our clients. Rather, it is a shared journey - a challenging and ambitious venture with a mutual goal: dramatic improvements in financial and operating performance

'10' Restaurant Financial Red Flag

quoted from John Nessel - Restaurant Resource Group

  • Absence of a well organized and implemented accounting system
  • Key operating expenses too high relative to gross sales
  • Menu items not accurately documented, costed and updated
  • Food & beverage inventory levels not counted and costed at the end of each accounting period or recorded in your accounting software
  • Food and beverage inventory levels too high relative to corresponding sales
  • Daily & weekly financial operating data not collected, reviewed or acted upon
  • Inaccurate posting of financial information to your accounting system
  • Current liabilities sufficiently greater than current assets as to impair future ability to pay bills
  • Owner relying on online bank balance to determine available cash to pay bills
  • Overall lack of understanding as to how to read and interpret period ending Financial Statements
contact us : hostformail@gmail.com or hostplus45@yahoo.com

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