Food cost is the ratio of inventory of goods on hand vs the menu items you have sold within a given time period. It is one of the most important data points a restaurant can use to assess its financial health. You can look at food cost as a percentage of sales (food cost percentage)…
How To
How To Process Credit Card Payments in QuickBooks Online
This tutorial will show you how to process credit card payments in QuickBooks Online using QuickBooks Payments. First, we’ll go over how to set up QuickBooks Payments, as you’ll need an account to process payments. Then, we’ll look at how to accept credit card payments in QuickBooks Online using a sales receipt and a customer…
How to Advertise Your Business on Facebook (Beginners Guide)
Facebook Ads allow you to reach your audience with ads targeted based on interests, web activity, psychographics, and demographics. You can set up your Facebook Ad Manager account and then run the ads from there. Explore different ad formats to advertise your business effectively, like telling a story with video ads or boosting engagement with…
How To Get a Small Business Line of Credit in 5 Steps
The process of how to get a business line of credit requires five steps—determining your needs, understanding your options, reviewing your eligibility, finding a lender, and submitting an application. In this article, we explain not only what is involved but also provide some tips on how to get through the loan process quickly. If you’ve…
How to Improve Employee Productivity: 5 Proven Tips
Productivity is a measure of how much work is done in a given amount of time. In the workplace, productivity is essential for businesses to be successful. Yet, many factors hinder employees from performing at their best—from ineffective workplace environments to disengagement. By implementing strategies to cultivate a culture of productivity and engagement, businesses can…
How to Hire Felons in 8 Steps: What Businesses Need to Know
Learning how to hire felons is complex—but it gives access to a vast pool of untapped potential, diversifies your workforce, and even provides tax benefits. You’ll first need to determine if your job opening and industry are suitable for a felon. Then, you’ll go through the typical hiring process, keeping in mind certain practices to…
What Is the QuickBooks Online Desktop App?
The QuickBooks Online desktop app is a standalone software that you can install directly on your Mac or Windows desktop or laptop computer. Similar to the browser version, it offers all the core features of QuickBooks. However, it comes with added flexibility, such as the ability to stay logged in for six months, switch to…
How to Measure Employee Productivity (+ Free Calculator)
For businesses, measuring employee productivity is important in helping identify how company resources, money, and time are used to produce products or provide services. Learning how to measure employee productivity will help you gauge your workforce’s overall efficiency and capability. It also provides you with the data you need to make operational changes, such as…