Recent Articles

Cost of Meals Served

The section of the profit and loss statement for a restaurant depicting the prime and all variable costs associated with serving meals. In addition, this section is formatted to compare the respective costs of each of the lines of sales in a restaurant – food and beverages.

Mobile Food Vending – Profitability and Issues

05/14/2015

Many of you are wondering if you can make a good living as a mobile food vendor.  If there is profit, how much?  Are there any issues in this industry that will persuade me from becoming a mobile food vendor?  This article is going to answer [...]

Cost of Sales – Various Formats

01/27/2015

Many business owners misunderstand the use of term ‘Cost of Sales’ by restricting it to just simply ‘Cost of Goods Sold’.  Basically, most business entrepreneurs and even accountants don’t realize that it has several different names and [...]