Depending on how comfortable you are and how your operations are set up, a single restaurant probably doesn’t need a Controller or a Director of Finance, especially if you’re using FIXE. FIXE does a good job of providing and outlining your financials. We make sure that the information is going into the right buckets, that […]
When do I need a CFO or Controller for my restaurant? Read More »
Operating Cash Flow is an important part of succeeding in the restaurant business. You have wiggle room in how you pay some vendors.
Negotiate terms with restaurant vendors to maximize operating cash flow Read More »
Bill Lindsey co-founded COGS-Well with Dave Douglas, Glen Nelson and Mike Brown in 2019 to help restaurants with inventory management.
COGS-Well co-founder Bill Lindsey on managing restaurant inventory Read More »
Financials show your Profit & Loss. Statistics tell us more about performance but don’t quantify whether you have a successful business.
Restaurant bookkeeping essentials: Financials vs. Statistics Read More »
Restaurants can follow financial calendars with 4-week, 4-week and 5-week blocks each accounting quarter, monthly, or in 13 4-week periods.
Comparing restaurant accounting calendars: Monthly vs. 4-4-5 vs. 13-period Read More »
Focus on other areas with 3rd party apps where it’s possible to increase understanding and performance while saving money and aggravation.
Helping restaurants make the most of 3rd party apps Read More »
Restaurants will always need to make sure they have enough ingredients, utensils, plates, paper goods, etc, in order to make food and serve customers, but does your restaurant need to do inventory on a regular basis?
Restaurant inventory: When it makes sense + best practices Read More »
