Monthly Archive: March 2015

Bookkeeping Tips for Startup Restaurant Owners

Let’s face it: Money defines the success of a business. Any business, including those in the restaurant industry, need to make money to survive and continue their operation. But in order to make money, business owners and managers must know how to control their finances. Effectively keeping track of your finances will put your business in good place and help you achieve the growth that you desire. Sure, tracking your finances is only part of running a business, but learning these tips is a great help, especially in the long run.

restaurant bookkeeping

Manage your cash flow

Cash flow management is the process of tracking all the money that goes in and out of your restaurant. For someone new in the restaurant industry, this step can be overwhelming because keeping your profits and expenses balanced is truly not that easy. But the rule of a thumb is to always have extra cash at hand to cover your due and urgent expenses. You can’t stay in the business if you can’t pay your bills on time! Therefore, it’s very crucial to learn how to manage your cash flow effectively.

Keep your records organized

As a business owner, you should know the importance of keeping your business records organized – all the time. This will help you keep track of your profits and expenses, prepare essential financial statements, comply with tax rules and regulations, make precise business decisions, and more. Some of the main records that you must keep updated and organized are your sales, expenses, taxes, bank statements, and payroll. There are many ways to do this: You can buy and design your own ledger, create your own worksheet template, use an excel spreadsheet, or use bookkeeping software where you can record all your transactions on a daily or weekly basis.

Track your inventory

If you’re an independent restaurant owner without a manager that can do this job, it’s crucial to perform an inventory regularly, at least once a week. Your business inventory includes all the products, ingredients, and supplies you have in your restaurant and stock room. Your inventory is an important factor in your business as it represents an investment in terms of food, beverage, and supplies that are needed to generate profits.

Learn to use accounting software

It’s true that even if we’re now in the digital age, many businesses, particularly small ones, still use manual bookkeeping systems to keep track of their business transactions. But while it’s still fine to use a manual bookkeeping system, it’s crucial to learn how to use accounting software. These programs are specifically designed to help business owners save a lot of time and calculate profits and sales more effectively. If you know how to utilize such programs, you can free yourself from the hassle of analyzing and computing your finances all the time and you can give yourself a peace of mind as these programs guarantees to give you comprehensive and precise reports.

Of course, as your business grows, you’ll find that you cannot do everything on your own. When you’re already at this point, it’s important to start hiring staff and experts who can help you run your business more effectively. As for the accounting or bookkeeping, you need to hire an accountant or bookkeeper to keep track of your financial records. A growing business means dealing with more complicated financial transactions, so it’s wise to get help from others when you start to expand.

Want to make your retirement more satisfying? Cook at home.

Some of the common things that people do when it comes to planning their retirement are deciding where to live and putting their finances in order, such as investing in IRA plan or SMSF. Well, these things are indeed crucial to secure your future. However, what I noticed is that most people tend to forget including the things that they love to do when they plan their retirement. As a result, they don’t enjoy their golden years. Sure, they have a house to live in and money to burn, but they always find themselves unsatisfied because they feel there’s something lacking.

Well, I have some words of advice for people who are planning their retirement – take up a cooking class and spend more time cooking at home when you retire. I know a lot of people who are cooking in their retirement. And believe me when I say that when I see these people cook, the happiness that I see in their eyes is truly beyond words.

Senior couple at kitchen

I’ll tell you a secret. If there’s one thing that makes people happier in retirement is that the ability to cook at home. Cooking is not only a job, but it’s something that people find satisfying, fun, and valuable. It’s a fun activity that allows you to become creative as much as you would like. When you prepare your own food, you can experiment ingredients, explore new recipes, decorate your plates, and do many other things. The best thing is you’re able to do it together with your children, life’s partner, and friends. Isn’t that amazing? Cooking at home is one of the best memories you can ever make with your family. Well, the bonus is making a tasty meal.

Learning how to cook…

Okay, you have one problem – you don’t know how to cook! Fret not. Even chefs who are working professionally now begin their career by learning the basics of cooking. So if they learned how to cook, you can learn how to cook, too! But how?

One way to learn how to cook is to attend culinary school. There, you will learn all the basics and different techniques in cooking, including the proper way of using knives, handling food, keeping cooking equipment, reading recipes, and making your area clean. You will also learn different cooking methods, including baking, grilling, frying, boiling, stewing, and roasting. Vocational and trade schools typically offer courses in basic cooking, which usually take from several weeks to a year.

Well, if you don’t have the time and budget to attend cooking classes, another great way to learn how to cook is to learn by yourself. You can watch videos online or television shows on how to make recipes and just follow them. You can also buy some good cookbooks and magazines, read them, and follow the instructions. Of course, it’s understandable if you can’t get the taste that you want at the start. But with practice, you’ll eventually learn and be able to become a good cook.

Best Chefs of 2015

Best Chefs of 2015

If you are going out for lunch, dinner or a simply snack, one of the reasons is because you do not want to do any cooking. If you are letting someone else cook for you, you want the very best to do the job of filling your stomach. There are many great chefs in America, some that are not recognised for their abilities. Here is a very short list of some of these chefs that make the food in America some of the best in the world.

April Bloomfield

As winner of the James Beard Award for best chef in New York City, April Bloomfield has become one of the most recognisable names on the cooking scene in New York. She own two Michelin star restaurants alongside a few others that consistently receive great reviews. She truly is a star within the chef-world of New York and is rightly receiving the praise for the work she does. Here is a list of some of the places she owns.

• The Spotted Pig. This gastro-pub has been open for 10 years and is Michelin starred. It sits in the centre of the West Village and has become a point of attraction for those who love to eat. This should not be missed if you are visiting New York.

• The Breslin Bar and Restaurant. Similarly a Michelin starred establishment, this is located in Manhattan in the Flainton district. This place prides itself upon meat at the centre of the menu and uses everything, claiming they are a ‘nose-to-tail’ restaurant.

• John Doy Oyster Bar. This place specialises in seafood (surprisingly) and is located in New York’s Ace Hotel. It was opened in January 2011.

• Salvation Taco. Opening in 2012 at Pad 39 Hotel, this place specialises in its namesake. It has tacos, margaritas and more on offer and comes highly recommended.

Dominique Ansel

Having opened Dominique Ansel Bakery in New York, this chef has moved himself firmly into the pastry world of fame with his cooking. His most famous creation, being the ‘cronut’ a mix between a croissant and donut, has been the driving force of his success. He has won many awards for his establishment, which locates itself as a kind of restaurant-bakery hybrid.

Nancy Silverton

Nancy Silverton won the James Beard outstanding chef award for 2014, cementing her position as one of the top chefs to look out for in 2015. She is located in Los Angeles and is famed for her popularisation of sour dough and artisan bread. She studied at Le Cordon Bleu Cooking School in London.checkout more detailed updates at

Best Chefs of 2015

If you stick to a restaurant or eatery owned by one of the above, you will not go wrong. This list is far from inclusive however, and there are so many great chefs in America and the World that can serve you up such a range of dishes you will not know what to choose. Nevertheless, a choice from above will inevitably give you a great dining experience, with fantastic and inventive cooking and unforgettable food.

5 Jobs at Restaurants to Pay off Student Debt

Jobs at Restaurants

Nearly all students have debts; however some look past serving or cooking in a restaurant to help pay it off. Restaurants can be great places to work as you develop your abilities within a team and are not forced to sit behind a computer all day or answer a phone. You will also meet a lot of interesting people and hopefully make some friends while you are at it. The fast-paced nature of restaurant work will be a welcome change to students coming out of a degree where they spend hundreds of hours reading one book. On top of all this, there is the free food that staff members seem to relish. Here are 5 jobs within the restaurant industry that can help you pay off that student debt.

1. Chef.

As you a chef you will spend your time doing what everyone expects a chef to do, which is cooking. If you enjoy this and want to start earning with the talent that you have for food and its preparation, then becoming a chef could well be a great way for you to start paying off student debt.

2. Washing up.

No one likes doing washing up; there is no way to gloss over this fact. However, doing the washing does become a bit more appealing if you are getting paid for it! With restaurants always needing clean plates, there are always washing up jobs available. Also, dishwashers are becoming more and more common, making the person doing the washing up’s job easier.

3. Waiting on.

You will be bringing out food to tables, possibly getting a little taste off the chefs as well as you go. Whilst you will not be interacting as much as the front-of-house staff with customers, you will get human interaction which can be great to develop your people skills whilst paying off your student debts.

4. Front of house.

As the front-of-house staff you welcome guests and show them to their table, perhaps taking their orders as well. You need good people skills as you will be the first member of staff they encounter when they enter your establishment, so make sure you are welcoming and friendly.visit this website for more related information.

5. Bar staff.

If you have a passion for drinks (as many students no doubt do!) then becoming a member of a bar staff team seems the next logical step. You will fill your time making drinks and pouring pints for customers.

Jobs at Restaurants

Hopefully one of the above is the right fit for you and you can see yourself getting into one of the positions that will help pay off that student debt. Whilst working in a restaurant isn’t for everyone, it is an accessible way to earn a bit of extra money to help alleviate your debt. One of these jobs above, such as cooking, will see your student debt begin to fall, something at the top of all us students’ wish list.view full information at

10 Best Cooking Scholarships in the US

Best Cooking Scholarships in the US

If you are considering cooking scholarships and are looking at culinary schools, then you will definitely want to do your research (perhaps why you are reading this). A culinary scholarship is similar to any other scholarship, in that you receive a form of grant or payment that aids your study, meaning that you can study at somewhere that otherwise you would have not been able to afford to. Of course these scholarships are regulated and only the best candidates are offered them. However, within the culinary scholarship bracket there are many options, such as either private or public education, full or part-time courses or international or domestic study. You can also choose what area to specialise in, or decide to have a more broad education.

The 10 of the best scholarships.

• The Institute of Food Technologies – undergraduate and postgraduate funding is provided through their Feeding Tomorrow program. Since being introduced in 1985, over 4,000 cooking scholarships have been awarded to food science students.

• CANFIT – available for undergraduate and graduates who need financial support to study culinary skills and cooking in the state of California. Certain standards must be met and can be found on their website

• International Culinary Institute – offering several different kinds of scholarships that are regulated.

• Institutions for Culinary Education – 5 different organizations offer 10 scholarships between them for those who are looking to study but require a cooking scholarship. In 2015, they launched a challenge where candidates submitted a 1-minute video in the hope of winning 1 of 8 scholarships to a program, with the total value being $140,000.

• Women Chefs and Restaurateurs – This organization offer a $5,000 scholarship to be put towards to tuition of 610 hour diploma in Pastry and Baking. The organization has over 2,000 members, giving those who become a part of it a chance to network and access support services.checkout their latest post to get updates.

• Charlie Trotter Culinary Education Foundation – Established in 1999 by Chef Charles Trotter, this cooking scholarship involves processes with both local and national organizations. The scholarships are primarily needs based, but also take into account ability and outstanding candidates. In 2014, 10 students received $2,500.

• American Institute for Wine and Food – Scholarships are not available from the organization itself, but from local Chapters who are willing to award said scholarship.

• American Academy of Chefs – They offer scholarships to high school students to college students who are looking to further their knowledge and increase their ability within a kitchen.

• California Restaurant Association Educational Foundation Scholarships.

Best Cooking Scholarships in the US

• Cabot Creamery Culinary Scholarship – For those located within Vermont, who are undergraduate or graduate students and in financial need.

As you can probably guess, this list is far from inclusive and misses out a lot of great culinary schools and organizations that offer scholarships. However, the key to remember is to do your homework to make sure that the scholarships you apply for are the best suited to you and your preferences. So, there you have it, 10 of the best cooking scholarships in the US.