You might think accounting is the same across the board, but it can actually differ quite a bit from industry to industry. So what sets restaurant accounting apart? On the surface, it's really not all that different from standard accounting practices – restaurant accounting uses many of the same costing methods, as well as profit and loss (P&L) statements and cash flow reports just like many other industries do. However, much like a restaurant comes with its own unique expenses, restaurant accounting has its own nuances. Here are some of the main things you need to know.
Brittney Morgan via Business.com