Budget + Spend

"We believe that if we take this concept and educate the team about the financial realities of a business and make them more conscious of what makes the business profitable, then we all win." - Henry Patterson, Former Restaurant Owner, CEO and Founder ReThink Restaurants

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Rest Profit Margin

What is the Average Restaurant Profit Margin? Tips for Benchmarking and Optimizing

Learn how to track and optimize your restaurant profit margins and take a look at average margins across the industry to see how you stack up.

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How to Manage a Restaurant Balance Sheet

Learn how to create and manage a restaurant balance sheet to assess and improve your restaurant's finances.

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How to Calculate Your Restaurant's Prime Cost

Prime costs are the sum of the total cost-of-goods-sold (COGS) and the total labor costs. Learn why it's a critical financial and operational restaurant metric and how to track it.

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How to Read a Profit and Loss Statement

Learn how to create and analyze a profit and loss statement using this free restaurant income statement template and guide.

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Which Inventory Costing Method Is Right for Your Restaurant?

Inventory costing can help make the process of managing inventory easier — and more profitable. Here are the differences between the FIFO, LIFO, and WAC methods.

How To Calculate Liquor Cost in Your Bar or Restaurant

Here is a liquor cost formula to track your spending, inventory, and find ways to save.

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How to Calculate Restaurant COGS and Boost Profitability

Calculating your restaurant cost of goods sold might seem like a pain, but it's an important part of making sure your business is healthy. Here's an easy way to calculate it.

Restaurant Labor Costs

How to Calculate Your Restaurant Labor Cost Percentage

Learn to calculate restaurant labor cost by hours worked, labor cost as a percentage of revenue, and labor cost as a percentage of restaurant operating costs.

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Toast Handheld POS

How Much Does a POS System Cost?

How much does a POS system cost? This article covers all the various prices and fees associated with purchasing a POS system.

Restaurant POS cost

How Much Does a Restaurant POS System Cost?

What factors into the cost of restaurant POS systems? A breakdown of upfront hardware costs, recurring software costs, and other things to keep in mind.

Restaurant Key Performance Indicators

Restaurant KPIs: 9 Best Key Performance Indicators for Restaurants

Which restaurant KPIs are most important? Hear what real restaurateurs think.

Restaurant tip guide

What Restaurants Need to Know About IRS Tip Reporting

Restaurant employers and employees have specific reporting responsibilities when it comes to tips. Read about them here.

Restaurant deposit tracking

The Guide to Restaurant Credit Card Processing And Deposit Tracking

Learn how restaurant credit card processing and deposit tracking works.

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