Topics: Small Business
-
Restaurant Chart of Accounts: Setup for Easy Prime Cost
Build a restaurant chart of accounts that makes prime cost and margins fall out automatically. Structure, USAR alignment, numbering, and a sample layout.
-
Manufacturing Accounting 101: Costing, Inventory, and Overhead
Manufacturing accounting explained: the three inventory stages, product vs period costs, job vs process costing, overhead allocation, COGS, and COGM.
-
Restaurant Prime Cost: Formula, Ratio, and Benchmarks
Restaurant prime cost is cost of goods sold plus total labor. Learn the formula, the prime cost ratio, benchmark ranges, and how to bring…
-
Standard Costing in Manufacturing: Standard vs Actual Methods
Standard costing assigns expected per-unit costs up front and measures the gap to real spending through variance analysis, which makes budgeting, pricing,
-
Food Cost Percentage: How to Calculate It and Cut It
Food cost percentage equals your cost of goods sold for food divided by food sales, multiplied by 100.
-
A Distributor’s Working Capital Distribution and Cash-Conversion Playbook
A distributor frees working capital by shortening its cash conversion cycle, calculated as DIO plus DSO minus DPO.
-
When Should a Restaurant Group Hire a Fractional CFO?
A restaurant group should hire a fractional CFO when financial complexity outpaces the owner’s ability to manage it, typically once the business runs two…
-
How to Choose a Construction CPA Who Understands Bonding
Choose a construction CPA who prepares WIP schedules as a routine part of your financial statements, applies percentage-of-completion revenue recognition
-
Craft Brewery Accounting: Excise Tax, COGS, and Margins
Sound brewery accounting tracks three things precisely.
-
Small Business Payroll Mistakes and How to Avoid Them
Small business payroll mistakes cause IRS penalties and back taxes. Learn the most common payroll errors and how outsourcing can help.