Lack of timely financial reporting has sunk thousands of restaurants. Operators who don't know where their restaurant stands financially are ill-equipped to recognize and deal with cost control issues. Minimum recommended financial reporting includes:
  • Detailed profit and loss statement at least monthly
  • Weekly prime cost status
  • Daily cash reconciliation
  • Knowing your break-even sales requirement.

With this information at hand you are able to make daily financial decisions to keep your restaurant running in the black.