Business Management

/Business Management

Shark Tank: Steve Baxter’s Top 21 Business Tips

By | 2018-09-28T03:27:25+00:00 September 24th, 2018|Categories: Business Management|

Steve Baxter is a well-known investor on television show Shark Tank, and international entrepreneur. Based in Brisbane, he looks for business opportunities for fun and profit. Steve is the current Queensland Chief Entrepreneur, advising to the Queensland Government on building and promoting the importance and contribution of entrepreneurship and investment in Queensland. There are no excuses [...]

8 Simple Steps To Set Up Your Restaurant Bookkeeping System

By | 2018-09-03T10:11:40+00:00 September 3rd, 2018|Categories: Business Management, MYOB, Restaurant Bookkeeping|

An efficient bookkeeping system with integrated security measures is essential to run a successful restaurant. We understand that food business owners like you are busy, so our specialist bookkeepers have created this simple step-by-step guide to setting up a streamlined bookkeeping system. We also have lists of cloud-based solutions highly recommended by industry experts for you! [...]

5 Costly Mistakes To Avoid In Restaurant Bookkeeping

By | 2018-09-03T23:01:47+00:00 September 3rd, 2018|Categories: Business Management, Restaurant Bookkeeping|

Running your own restaurant is challenging — but deeply rewarding. To help your food business survive and thrive, we’ll discuss the 5 most common mistakes in restaurant bookkeeping and how to avoid them. Read on to learn more about the importance of organised bookkeeping and how it can help you make informed business decisions in your [...]

How To Apply The $20,000 Instant Asset Write-Off To Your Food Business

By | 2018-08-20T05:42:17+00:00 August 15th, 2018|Categories: Business Management|

The 2018-19 Federal Budget has extended the $20,000 instant asset write-off scheme up to 1 July 2019. This enables small business owners with an annual turnover of less than $10 million to deduct the business portion of eligible assets costing less than $20,000. This is great news, especially if you run a restaurant or cafe. Through [...]

7 Latest Email And Phone Scams Targeting Australian Businesses

By | 2018-08-05T23:07:42+00:00 August 2nd, 2018|Categories: Business Management|

Scams cost Australians millions of dollars per year. Aside from consumers, scammers also target businesses like restaurants and cafes. They take advantage of busy times to deceive owners and employees. If you don’t have security measures in your business, you might unknowingly pay money to scammers who pretend to be vendors, sellers — even government agents [...]

Xero Tracking Categories for Restaurants & Cafés

By | 2017-12-17T21:37:26+00:00 December 7th, 2017|Categories: Business Management, Ideas, Xero|

Business expansion is an exciting opportunity for restaurant and café owners. Nothing says success like opening another restaurant or café under your name. Keep track of your growing food business empire with Xero tracking categories. Tracking in Xero enables you to take a detailed look at various branches of your business. This is particularly helpful if [...]

Bench-marking Your Restaurant, Cafe or Take-Away

By | 2017-12-07T02:17:13+00:00 December 7th, 2017|Categories: Balance Sheet, Business Management, Leasing & Property, Uncategorized|

Hospitality management is more than cooking and hiring staff. You need to know the bench-marking numbers for your industry.  This will guide you to know if your business is on the money.  Don't rest on benchmarks.  Aim to have your food business performing better than benchmarks. According to Silver Chef's 2016 HISI Report the following benchmarks [...]

What Is A Restaurant Chart Of Accounts?

By | 2017-07-26T04:14:15+00:00 July 24th, 2017|Categories: Balance Sheet, Business Management, Profit, Revenue, Sales|

A COA (Chart Of Accounts) is simply a list of accounts that are used to record all the transactions of your food business. When money (numbers) are moved around your business, they are recorded in the Chart Of Accounts. It’s a list of all account titles and account numbers arranged according to the classifications in the [...]