From the Back Cover
The complete, practical guide to managing the business side of arestaurant
The success of a restaurant depends not only on great food andoutstanding service, but also on sound financial management.Restaurant Financial Basics gives restaurant managers the financialknowledge and tools they need to understand, analyze, and reporttheir restaurant's finances accurately-and use that data to helprun the business effectively.
Written clearly and with a minimum of jargon, this down-to-earthguide focuses on the crucial information busy managers mustknow-for both day-to-day operations and long-term planning. Itcovers the full range of crucial basic accounting principles,including cash flow, pricing, budgeting, cost control, equipmentaccounting, and cash and revenue control. It completely demystifiesthe two most important financial statements for a restaurantbusiness: the balance sheet and the income statement. Throughout,Restaurant Financial Basics offers valuable practical tools,including:
* Manager's Briefs that summarize critical accounting principlesand practices
* Ready-to-use forms for record-keeping and accounting
* Easy checklists to help improve operations and planning
* Web site resources for fast, up-to-date access to furtherinformation
The Restaurant Basics Series provides restaurant owners andmanagers with expert advice and practical guidance on criticalissues in restaurant operation and management. Written by leadingauthorities in their respective areas of expertise, theseeasy-to-use guides offer instant access to authoritativeinformation on every aspect of the restaurant business and everytype of restaurant-independent, chain, or franchise.
About the Author
RAYMOND S. SCHMIDGALL, PhD, CPA, is the Hilton Hotels Professor ofHospitality Financial Management at Michigan StateUniversity.
DAVID K. HAYES is the managing owner of the Clarion Hotel andConference Center in Lansing, Michigan. He is the coauthor ofRestaurant Law Basics and Food and Beverage Cost Control, SecondEdition, both published by Wiley.
JACK D. NINEMEIER, PhD, is a professor at Michigan StateUniversity.