These are the things you will need to get you restaurant running smoothly. You have invested hundreds of thousands of dollars so you cannot ignore or delegate this to someone else. It is a complex practice with lots of moving parts and everything is time sensitive.
You need to know and understand, charts of accounts, general ledger, accounts payable/receivable, bank reconciliations, budgets, forecasts, payroll and financial reports.
Every restaurant needs a set of reports for the daily, weekly, monthly, and annual to monitor the financial health of the business.
Here are few items that you may do daily or weekly and I suggest that you start with excel and google sheets to make things easy (single entry bookkeeping). In order to keep track of every transaction that occurs in a restaurant you first need to identify the transactions:
- Write a check to a vendor
- Make a bank deposit
- Buy food ingredients on credit card
- Buy food ingredients on a debit card
- Enter a bill for a repair
- Pay your employees