Kris Middleton-Kearns, who is known within the FIXE community as Kris Kay, was born and raised in San Diego. She earned her certificate in accounting
Restaurant Finance Monitor hosted their annual Restaurant Finance & Development Conference from November 11-13 at the Fontainebleau Las Vegas hotel. I attended RFDC the past
The FIXE dashboard now features custom, multi-unit comparative reporting, a powerful resource to make better informed, more timely business decisions. Restaurant groups can compare financials
Mariana Martinez is a dedicated FIXE Account Manager based in Nicaragua. She grew up in the Spanish colonial town of León, and 25 years ago,
Which sales metrics and efficiencies should restaurants focus on to determine whether they’re succeeding in business?
Nicoll Maligaya is a FIXE Senior Lead who lives in Cavite, a city that’s located south of Manila in the Philippines. She earned a Bachelor
Cash on cash return, sales per square foot, construction cost per square foot, and rent per square foot are the major metrics that you want to look at to see if your numbers make sense and if it’s going to be a reasonable, attainable investment.
You incur expenses and record them as money leaves your bank account. Accrual spreads out expenses across the time period that expense covers.
Attend restaurant shows to meet people, get new perspectives and promote what you’re doing, which will benefit your business in different ways.
Sales numbers don’t necessarily match up in platforms like QuickBooks Online (QBO) and Toast, which causes confusion. Understand line items.
Operating Cash Flow is an important part of succeeding in the restaurant business. You have wiggle room in how you pay some vendors.
QuickBooks Online (QBO) is an industry-standard software that small businesses use to efficiently manage their finances. FIXE integrates QBO.
FIXE can correct and categorize past expenses, payroll and sales figures. Make sure financial records are consistent and ready for tax filing.
Bill Lindsey co-founded COGS-Well with Dave Douglas, Glen Nelson and Mike Brown in 2019 to help restaurants with inventory management.
Sales and bank account deposits are different. This misunderstanding can lead to not having enough money to function. Or to pay taxes.
Ryan Handel attended National Restaurant Association Show in Chicago. He shares trends and advises how to get the most out of your experience.
Financials show your Profit & Loss. Statistics tell us more about performance but don’t quantify whether you have a successful business.
Restaurants can follow financial calendars with 4-week, 4-week and 5-week blocks each accounting quarter, monthly, or in 13 4-week periods.
