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

By |2019-07-11T08:14:58+00:00August 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 |2020-06-03T08:04:59+00:00August 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 |2019-07-11T08:19:32+00:00December 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 |2019-07-11T08:17:52+00:00December 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 |2019-07-10T05:54:36+00:00July 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 [...]

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