Restaurant Accounting and Controls (Simulcast)


Date Thursday, October 17, 2019
Time 8:30am - 4:30pm
Central Time
Location Online
CPE credits CPE 8.0
of study
Accounting - Technical (8.0)
Instructor Michael Reis
Restaurant Seminar Institute
Standard member fee $325.00
checkmarkStandard nonmember fee $375.00

Members: Please log in to receive member fee.


The restaurant industry has unique accounting procedures, pricing techniques and challenges. Strengthen your knowledge and learn the must-know industry insights that will keep your clients or restaurant running efficiently, effectively and profitably. Discover how to get labor costs under control, make smarter purchasing decisions, take advantage of unique restaurant tax deductions, maximize profits in a challenging economy and much more.

This program is also available as an in-person seminar.

Who should take this program?

CPAs and accountants who advise or work for restaurants, and restaurant owners and managers

Major subjects

  • How to analyze financial statements to scrutinize profits and losses, determine problem areas and maximize profits
  • Accounting procedures unique to the restaurant industry
  • Maintaining profits while dealing with minimum wage increases and the Affordable Care Act (ACA)
  • Latest food-costing, menu-pricing and labor-saving techniques
  • Unique daily controls that improve profits immediately
  • Top 21 ideas for increasing profits
  • Menu price adjustments for food and labor cost increases
  • 12 financial ratios every restaurant owner needs to know
  • Seven unique ways to reduce labor costs
  • Tax deductions specific to restaurants
  • IRS tip reporting compliance
  • Employee incentive programs that work
  • How to detect employee theft
  • What's new with payment card industry (PCI) compliance
  • Tips for making the bar more profitable

Learning objective(s)

  • Understand financial statement information, accounting procedures, cost-management techniques and profit improvement strategies unique to restaurants


Course code Code WMREST
Sponsor Minnesota Society of CPAs
NASBA ID#: 139884
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. None