Restaurant Seminar Institute ~The Gateway to Profitable Restaurant Ownership
Restaurant Seminar Institute
"The Gateway to Profitable Restaurant Ownership"



ACCOUNTANT’S NEW RESTAURANT CLIENT GUIDE

First Half

Second Half

(8:00 AM - 8:15 AM)
RESTAURANT OVERVIEW

  • Approximate profit expectation
  • Why profits are so low
  • It doesn’t take much to change the amount of profit
  • Sample restaurants with greater profits

(8:15 AM - 8:35 AM)
SETTING UP RESTAURANTS TO FOLLOW THE UNIFORM SYSTEM OF ACCOUNTS

  • Sales breakdown
  • Cost of goods sold breakdown
  • Labor breakdown
  • Prime cost
  • General expenses

(8:35 AM - 8:50 AM)

KEY RESTAURANT RATIOS AND HAD TO CALCULATE THEM

  • How to calculate key percentages
  • General benchmarks for each key percentage
  • How to adjust these percentages for different types of restaurants

(8:50AM - 9:00 AM)
MORNING BREAK


(9:00 AM - 9:50 AM)
SETTING UP CASH CONTROLS

  • Controls For Manual Systems
  • Computerized POS
  • Daily Reports
  • Journal entries

(9:15 AM - 9:50 AM)
TAX ISSUES UNIQUE TO RESTAURANTS

  • Taking the tip credit
  • FICA tax credit
  • Tip reporting
  • Form 8027
  • Guidelines for restaurant cost segregating
  • Restaurant leasehold improvements
  • Restaurant-specific sales tax issues
  • PCI Compliance

(9:50 PM - 10:00 PM)

SUMMARY OF CONTROLS THAT WILL HELP THE RESTAURANT CLIENT

  • 25 typical questions clients may ask you


Call (800) 526-5798 for details


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