Operating A Profitable Restaurant

Easy Tips To Understand How To Properly Read Your Balance Sheet

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Synopsis

While there may not be a more boring financial statement to discuss, the reality is that the Balance Sheet is the most important financial statement an operator has. If the Balance Sheet is not in-line and accurate, then there is no question that the Profit and Loss Statement is inaccurate as well; and therefore, there is no true clear picture of where your actual Net Profit lies. This statement is also extremely important for loan applications, business valuations etc., so while the Balance Sheet may bore an operator straight to sleep, it is certainly meaningful and impactful that the value of this statement is regularly reviewed. RASI Director of Client Advisory Services, Sydney Lynn, and RASI Assistant Director of Client Advisory Services, Brian McCaig, host an educational webinar on the basics in understanding how an operator should read their balance sheet and utilize that knowledge into making profitable decisions in order to catapult their organization into growth and success.  -   Balan