Restaurant Accounting to Know to Run a Successful Restaurant
In this episode, Anne Gannon, CPA of The Largo Group, and I offer our insight and experience on what the most successful restaurant owners we work with know about their restaurant’s numbers. This episode is important because most restaurant owners choose the restaurant industry because they’re passionate about hospitality and making memories for people. They don’t go into business because they love calculating food and labor costs. Once they’re in it, one of the most common things owners wish they could change is to know and understand their numbers better. Listen in to learn what the most successful restaurant owners have in common and what they know about their accounting, where you can start to get a better understanding of the numbers that matter, why cash flow is so important and how to generate it.