Focus back on the Guest: Solutions to Handling your Restaurant Finances

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 9, 2009 -- Owning a restaurant not only takes substantial knowledge and a passion for food, but savvy business skills and strong accounting knowledge are critical to maintaining a successful operation. Many times restaurants have fantastic food and high guest counts, but suffer because of poor financial oversight. Operators have found that there are many accounting services specifically dedicated to the restaurant industry which help to efficiently manage the financial aspects of their restaurant so they can put their focus back on the food and guest experience.

The need for this type of service is evident with the amount of solutions available today, from the simple accounting software to premier outsourced accounting services. Paul Shenkman, owner of Sam’s Chowder House in Half Moon Bay, understands the need for detailed financial information. He stated that, “with Sam’s Chowder House, our challenge was managing a high-volume restaurant of significant size, where a mistake in forecasting can be significant. It’s critical for us to stay on top of our restaurant’s performance and trends, from food to beverage to employees.”

Shenkman has been using Vine Solutions, Inc. as their outsourced accounting solution and attributes their services to helping them get their reporting systems in place while also gaining, “the benefit of a team of people who understand the restaurant business and, in many cases, have been there themselves.” Owner and CEO of Vine Solutions, Edward Levine, who is also developer and principal partner of the Left Bank Brasseries, established the operation to aid his fellow restaurateurs with their financial matters. He found the need to be so great that in 1996, Levine had Vine Solutions incorporated and in 2008 opened a second office in Southern California.

John Priest, VP of Operations for Vine Solutions states, “with our system, you not only benefit from having daily invoice and vendor issues taken off your hands, but you also have access to premier reporting tools so you have can view current financial information and trends. Having this type of information helps gain a plan for the larger picture of your restaurant and future financial performance.”

Vine Solutions, Inc. was incorporated in 1996 and has offices in Corte Madera and Santa Monica, California. Vine Solutions, Inc., provides accounting and financial advisory services to a variety of high volume independent restaurants and regional chains.

restaurant accounting     restaurant consulting     restaurant managements     San Francisco restaurants