Restaurant financial basics Raymond S. Schmidgall, David K. Hayes, Jack D. Ninemeier
Publisher: John Wiley and Sons

In a recent article posted in Nation's Restaurant News, Darden Restaurants Inc. February 26, 2013 By Taya K 1 Comment. While it is not necessary to know the whole process in depth, restaurateurs should at least be aware of some basics like Profit and Loss Statements, Balance Sheet, Statement of Cash Flows etc. It covers such basics of the food service business as location considerations, facility requirements, personnel needs, legal requirements, finance, marketing, operations, and more. The restaurant business is one with limited profit margins; in the tough financial scenario today, it has become imperative to manage the accounting and bookkeeping of a restaurant business efficiently. Potential investors seem to pay more attention to income statements, but as a business owner, you need to pay more attention to the balance sheets. Financial tips to teach your kids. As parents and caregivers, teaching our children about money is a must. Budgeting Basics – 7 Financial Tips to Teach your Kids. My answer was dry but true- “Restaurant Financial Basics” Schmidgall, Hayes and Ninemeyer.