Fruxient Accounting
June 24, 2021
There is little or no doubt that in order to manage and grow a successful business, you need to have excellent financial management, conducted by a […]
April 22, 2021
In the second part of this case study on POS data integrity, we will show how variances in data occur in Purchases & Inventory transfers. 1. […]
April 22, 2021
A system that is used throughout the restaurant industry is POS which stands for Point of Sale. This computer-operated system allows business owners to track sales, […]
April 21, 2021
Accounts receivable are created when food and beverages are sold to the customer. According to the nature of sales and payment method, we have divided accounts […]
September 12, 2020
A payroll journal entry is a method of recording expenses in the accounts book of your restaurant pertaining to employee compensation. A payroll journal record incorporates […]
September 12, 2020
For example, an employee takes an order and the client changes their mind. If the servers are voiding items that are delivered to the client instead […]
September 12, 2020
A restaurant is neither a thing nor a structure nor a group of people and certainly not a recipe, concept, or a brand. It is a […]
September 12, 2020
The time taken to prepare a restaurant’s financial statements after the end of the reporting period matters a lot. The quicker the financial statements get in […]
September 12, 2020
Accrual basis accounting means that revenue is “documented” or “recognized” when it is received and expenses are “documented” or “recognized” when they are incurred, regardless of […]