Accounting For Your Money

How to cure the pain of plate costing

QUESTION:  I know that plate costing is important, but it seems almost impossible. How can I do a better job of keeping track of it?   ANSWER: It all starts with finding the right software. Unfortunately, not all plate-costing programs are created equally. Let’s say that cash flow is … More

Accounting For Your Money

Hiring a Tech-Savvy Student Intern

QUESTION:  I’m a small independent operator with limited resources, but I’d like to be able to take better advantage of new technologies to improve my restaurant business. How can I do this affordably?   ANSWER: I’ve learned over the years that many pizzeria operators are simply too busy to … More

Accounting For Your Money

Is your data secure in the “Cloud”?

QUESTION:  How can I make sure that my restaurant’s data is truly secure in the “cloud”? ANSWER: If your accountant has offered to provide a service that will store your restaurant accounting data in the “cloud,” there are four security questions you should ask: What type of protection does … More

Accounting For Your Money

Donating used items to charity

Question: We’d like to do some general house cleaning around the pizzeria. Can we get a tax break for donating used equipment and other items to charity? Answer: If the pizzeria operates as a Sole Proprietorship, LLC, Partnership or S Corporation, the amount of the contribution deduction for which you’d … More

Accounting For Your Money

Tax law changes could help pizzerias

QUESTION: I hear some changes to tax laws may be in the works. What’s the latest? ANSWER: The Senate Finance Committee recently approved the Expiring Provisions Improvement Reform and Efficiency Act (EXPIRE), and it includes three key provisions for restaurant owners. First, the bill, which had bipartisan support, provides for … More

Accounting For Your Money

Bridging the Communication Gap

QUESTION: It seems like my chef and my accountant are never on the same page. How can I solve that problem? ANSWER: I am convinced that chefs speak a language that’s all their own. The same can be said about accountants, who have their own way of expressing results of … More

Accounting For Your Money

Calculating Your True Pie Costs

QUESTION: My food costs are out of control. What can I do to rein them in? ANSWER: Controlling your food costs starts with better record-keeping and knowing exactly how much you're paying for – and exactly how much you're earning from – each and every item on your menu. To get started, … More