In this episode, we break down the essentials of restaurant accounting and why it’s crucial for financial success. We explore the difference between bookkeeping and accounting, key benefits of effective financial management, and essential accounting methods like cash vs. accrual. Plus, we dive into critical financial reports—balance sheet, income statement, and cash flow statement—and must-know KPIs such as COGS, prime cost, and revenue per head. Tune in to learn how streamlining your accounting can help you focus on what truly matters: delivering an exceptional dining experience!