Accounting for restaurants

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Today I’m speaking with Anne Napolitano from Napolitano Consulting that offers an array of accounting services to the restaurant, food & beverage sector. Have you ever romanticized about owning a restaurant? Wonder what goes into the price of menu items at your favorite date night spot? Anne shares her expertise on accounting and finance for restaurant owners and food enthusiasts who want to learn more about the business.

Here's how to do the financial forecast for a restaurant in order to assess its potential profitability and potential funding requirements

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Managing a restaurant is complex. The first thing you want to do is understand all of your costs. Let's take a deeper look.

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Spot the Difference: FIFO VS LIFO FIFO stands for First In First Out while LIFO stands for Last In First Out. Which inventory accounting method does your business use? Let us know in the comments below!

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