Accounting Software For Restaurants

Accounting Software For Restaurants

It appears that restaurants are starting to turn around from their race to the bottom. Prices at the major restaurant chains dropped rapidly during the economic downturn as competitors raced to offer a better deal to customers who had thin wallets. Even though margins have been pretty thin, this has at least led to one good outcome for restaurant owners and managers: they are being fiscally responsible.

In order to shave costs and offer better value to customers, restaurant managers have been relying heavily on their accounting software. Read more

Single Entry Vs Double Entry Accounting Systems

Single Entry Vs Double Entry Accounting Systems

For many small businesses, bookkeeping can be one of the most daunting tasks when it comes to the accounting side of their business. In the past, most firms had one set of books, which included their revenues, expenses, which all finally got posted to their general ledger. This paper method of accounting was the only way to record all transactions at the time, and it left a lot of room for error and malfeasance. Read more

How to Make a Guaranteed Payments Journal Entry

How to Make a Guaranteed Payments Journal Entry

    What Is a Guaranteed Payment?

      Guaranteed payments are payments made by an organization to one or more of its partners or equity holders, for the services rendered by that partner or equity holder. Such payments are distinct from the profits or losses shared by partners or equity owners and make for first priority distributions, disbursed irrespective of whether the concern makes a profit or loss.

    The IRS and Generally Accepted Accounting Practices (GAAP) recognizes guaranteed payments as a legitimate business expense. Read more

What Is Out-Of-Sample Testing And Why Is It Critical For Success In Forex?

What Is Out-Of-Sample Testing And Why Is It Critical For Success In Forex?

Assuming you have a manual system, an automatic robot or EA (expert advisor), you first need to check how this system would have been doing in the past if you had actually used it. This gives a vital view of the system performance and let you know what to expect and whether this system should deserve any further attention from you.

Indeed one of the main issues you are going to face is ensuring a system has a high probability of its future profitability. Read more

Payday Loans, Prisons And Politicians Must Go!

Payday Loans, Prisons And Politicians Must Go!

I have been on a rant lately and I do not see an end in sight anytime soon. I am hoping people will jump on the bandwagon with me and scream out ” payday loans, prisons and politicians must go!”

What in the world is going on?

Todays news really has gotten under my skin and I just needed to sit down and put it into words. Read more