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Restaurant Resource Group, Inc.
Announces...
New
Restaurant Financial & Accounting Seminar Topics
For Your 2011
Meeting, Conference, or Retreat
These interactive and insightful multi-media presentations are
guaranteed to leave your audience with the knowledge, strategies,
tools and insights to turn their current restaurant into a more
profitable business.
COUNT
YOUR BEANS WITH CONFIDENCE:
A QuickBooks Primer for Independent Restaurant Owners
One of the
main reasons that independent restaurants fail is poor financial
management. Most restaurant owners have a limited understanding of
accounting and finance, and this limitation is made more critical
with average restaurant profit margins ranging between 4% (Full
Service) and 7% (Quick Service).
Utilizing
QuickBooks accounting software, this seminar is designed
to provide participants with a detailed understanding of the
unique bookkeeping and accounting procedures associated with the
restaurant industry. John Nessel, the seminar leader and twenty-year
restaurant operator, teaches this seminar with the minimum of
accounting “lingo” and does so in an animated style that is designed
to engage and enlighten typical restaurant owners.
Seminar topics
Include:
- The Purpose
of Accounting
- A
Restaurant Accounting Primer
- Monthly or
4-Week Accounting Periods?
- The
“Uniform System of Accounts” for Restaurants
- An Overview
of QuickBooks
- How to Get
Started in QuickBooks
- Tips on
Configuring Your File
- How to
Enter Your Daily Sales & Deposits
- All About
Restaurant Payroll
- Count and
Account for Your F&B Inventories
- Manage Your
Vendor Payables
- How to Read
and Interpret Your Financial Statement
- Compare
Your Performance to Industry Averages
This Seminar
is based on the article of the same name published in Restaurant Startup & Growth Magazine. It can be viewed
at:
www.rrgconsulting.com/pdfs/QuickBooks_feature.pdf
10
FINANCIAL RED FLAGS:
Restaurant Financial Warning
Signals You Should Not Ignore
This seminar
is based on twenty-five years of first hand experience as both a
restaurant owner/operator and restaurant financial consultant.
During that time I observed, in my own restaurants and those of my
clients, just about every financial problem that is possible.
This seminar
is designed to identify the most common financial problems (Red
Flags) associated with restaurant operations, and to offer remedies
and solutions for each.
These Red
Flags include:
- Absence of
a Well-Organized and Operated Accounting System
- Key
Operating Expenses Too High Relative to Gross Sales
- Menu Items
Not Accurately Documented and Updated
- Food &
Beverage Inventories Not Counted, Costed or Recorded
- Food &
Beverage Inventory Levels Too High Relative to Corresponding Sales
- Daily &
Weekly Financial Operating Data Not Collected, Reviewed or Acted
Upon
- Inaccurate
Posting of Financial Data to Your Accounting System
- Current
Liabilities Sufficiently Greater Than Current Assets to Impair
Bill Payment
- Owner
Relying on Online Bank Balance to Manage Cash Flow
- Lack of
Understanding as to Reading and Interpreting Financial Statements
This
Seminar is based on the article of the same name published in Restaurant Startup & Growth Magazine. It can
be viewed at:
www.rrgconsulting.com/pdfs/10_red_flags.pdf
To inquire
about these programs, available dates and costs please contact John
Nessel at 781-862-7520 or by email
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