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Restaurants Accounting Basics

Please watch the first video that I discuss restaurants' special accounting needs and quirks.

The four topics I will be talking about are:

Cash and Accrual basis for accounting methods used for restaurants.

Benefit doing Inventory and profit & loss statements, statement of cash on weekly

Tips for employees

The two ratios for restaurants/bars use Food/beverage to expenses and revenue per seat that are helpful for restaurant accounting.

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