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How to Read a Restaurant P&L (Profit and Loss) Statement + Free Template

SpotOn

For weekly or more in-depth reporting, accounting software that integrates with your POS system is recommended.  Your P&L line items should be consistent with the ones on different platforms—POS, inventory management, and accounting software. Restaurant P&L statements can be downright confusing. Prime costs.

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How to Open a Deli in 2025: A Complete Step-by-Step Guide for Success

Lavu

If youre wondering how to open a deli that stands out in a competitive food market, this guide walks you through every critical step from business planning and licensing to choosing the right equipment and location. One technological element to focus on is your point-of-sale (POS) system. However, the process is often more technical.

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Restaurant Accounting Tips Made Simple: Expert Ways to Boost Profits in 2025

Lavu

You may feel that they are pulling you away from where the real action is, out front and in the kitchen. Understanding Accounting for Restaurant Business Methods Although accounting for restaurant businesses is a topic that many restaurateurs try to avoid, it is an essential element of running a business.

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Inside the World of Hospitality and Leisure Accounting

Paper Chase Accountancy

Point-of-Sale (POS) Integration: Seamless integration with POS systems is critical for capturing sales data, managing inventory in real-time, and ensuring accurate revenue reporting. Beneath the surface of the hospitality industry includes seamless operations and financial complexity that far exceeds standard business accounting.

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Restaurant Profit Margin: 7 Ways To Actually Make Your Operation More Profitable

SpotOn

You should be able to find this data in your POS reporting. Look in your POS reporting for hourly labor and check your books for the others. We all know it. Restaurant profit margins are pretty low. But not entirely because of inflation, labor shortages, and high food costs. What is the average restaurant profit margin? Labor costs.

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The Land of Misfits with Don Pirone

SpotOn

He worked at a pizza restaurant with a beer and wine license that seemed like the pinnacle of luxury at the time. Clearing downed Bud Light bottles and empty glasses of the house red, Don came away with a positive impression of the hospitality industry that he carried with him through college. SpotOn is a better solution.”

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How To Become A Bartender: A 6-Step Guide for Total Beginners

SpotOn

In this article: What does a bartender actually do? The pros and cones of bartending Should you go to bartending school? Steps to becoming a bartender FAQs about becoming a bartender I think that everyone, at some point, has romanticized the idea of becoming a bartender.  What does a bartender actually do?