Each business has its own set of requirements when it comes to financial reporting. BME understands the specific needs for restaurants.
Types of reports
This is essential in understanding how profitable a restaurant is. It also necessatates management/
owners to examine expenses and compare to a planned budget.
Break Even Point
Understanding a restaurant's break even point is crucial in better guiding operating decisions, such as managing labor costs.
It can be extremely helpful to understand a restaurant's revenue per seat hour, square foot, or cover depending on the type of service.
The balance sheet is an important financial report to use along side a P&L. The balance sheet gives insight into current assets, liabilities, and the equity in the business.
How it works
BME completes financial reports by the second week of each month. We provide an electronic clickable version, as well as a hard copy. The financial reporting package can be as basic or as comprehensive as needed.