Restaurant accounting terminology to busy restaurant owners is akin to a Doctor’s vocabulary to the average Joe. Not everyone speaks the language. However, understanding it is paramount to manage your money when it comes to your business lifeline – your accountant. How are operators supposed to know which are the most important, and where they apply? Unless you’re an accounting or finance major, you most likely know only a few, if any of these terms. As hospitality-specific accounting experts, we’ve rounded up the 9 most important terms that all restaurant operators should know.

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