<\/strong><\/p>\n
traditional reports stop short of what businesses need.<\/strong><\/p>\n
by hitendra patil<\/i>
\nclient accounting services: the definitive success guide<\/i><\/a><\/p>\n
more: <\/b>help your clients run their businesses better<\/a> | set your processes apart in nine steps<\/a> | five ways to overcome cas staffing challenges<\/a> | think cas isn\u2019t for your firm?<\/a> | convince your firm of cas value<\/a> | ten ways to tell a client is ready for cas<\/a> | launch cas in just eight steps<\/a>
\nexclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n
traditional accounting reports<\/strong><\/p>\n
\n
- profit and loss (income statement)<\/li>\n
- balance sheet<\/li>\n
- payroll report<\/li>\n
- payables report<\/li>\n
- sales report<\/li>\n
- inventory movement and valuation<\/li>\n
- bank, checks and credit card reconciliation reports<\/li>\n<\/ul>\n
cas reports<\/strong><\/p>\n
\n
- profit and loss (income statement) \u2013 with monthly and year-to-date comparisons<\/li>\n
- payroll report \u2013 with labor cost, and kitchen labor cost as a percent of total payroll cost; cash, credit card and total tips as a percent of cash and credit card sales, respectively<\/li>\n
- payables report \u2013 with multiple aging reports, and vendor statements reconciliation<\/li>\n
- sales report \u2013 daily, weekly and monthly sales reports that provide a detailed breakdown of food, liquor, beer, wine, non-alcoholic beverage sales, gift certificates sales, food tax, liquor cost and net sales<\/li>\n
- inventory movement reports identifying the fastest- and slowest-moving inventory items and the percentage of each inventory item to the overall valuation (at cost) of total closing inventory<\/li>\n
- weekly, one-pager restaurant financial performance report \u2013 giving sales data summary, labor cost and departmental distribution, tips reporting data, food cost, liquor cost and profit-and-loss data \u2013 and the \u201cprime cost percentage,\u201d which is the most crucial indicator of the bottom line of a restaurant business<\/li>\n<\/ul>\n
now, take a look at the non-cas and cas reports mentioned above. all of the cas reports give restaurant owners an instant insight into the business trend of their restaurants, how much to pay to which vendor and when, keep control on labor cost, which items are selling more and what is their contribution to total sales, and the most important management control insight. this prime cost report shows all the key costs that constitute the majority of any restaurant\u2019s core expenses. because these prime costs define a restaurant\u2019s profitability, a restaurant owner cannot afford to wait for a month or more to know what the prime costs are. hence this firm provides a weekly report.<\/p>\n
if you noticed, all these cas reports provide actionable intelligence to the restaurant owners. if need be, the restaurant owners can course-correct on the fly to control the factors that can easily hurt the restaurant\u2019s viability. in other words, these cas reports provide the ability to restaurant owners to make data-backed business decisions, and also identify which of their immediate past decisions were good and which ones hurt them. all put together, this helps restaurant owners become better at managing and growing their restaurants. imagine what can happen if such cas reporting is not<\/strong> available to restaurant owners.<\/p>\n
to be able to provide all such reports, insights and outcomes that help clients make critical business decisions, the firm has implemented appropriate internal processes to capture the relevant data elements at the time when the firm does the bookkeeping. \u201cyou control the books, you control the business\u201d and \u201cstart with the end in mind\u201d are the mantras followed.<\/p>\n","protected":false},"excerpt":{"rendered":"
traditional reports stop short of what businesses need.<\/strong>
\n<\/a>
\nby hitendra patil<\/i>
\nclient accounting services: the definitive success guide<\/i><\/a><\/p>\n","protected":false},"author":1363,"featured_media":116368,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[3184,3058,3120,3002],"tags":[],"class_list":["post-115039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advisory","category-client-accounting-services","category-pro-member-exclusive","category-special"],"acf":[],"yoast_head":"\ncas reports are better. here\u2019s how. - 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