Hospitality Accounting

  • Theoretical v/s Actual Cost of Sales in Hospitality Industry

    Theoretical-cost-of-sales-v_s-Actual-cost-of-sales-in-hospitality-industry

    Inventory management and food cost control are crucial for profitability of restaurants/hotels/cafes. But often, the methods used to track them are based on incomplete information, which can be expensive. F&B and Hospitality business today are measuring and controlling their cost of sales for better performance review and specially after the Pandemic. To decide how a […]

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  • Food & Beverage Accounting: Things You Must Know

    Food-Beverage-Accounting_-Things-You-Must-Know.

    Accounting is considered as the main language of any business. It is something that needs to be understood by the employers, however, many restaurant managers face issues with it due to their busy schedules. Therefore, it becomes important to understand the basics of accounting and bookkeeping in order to ace your restaurant’s financials. Discovering better […]

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