Every successful restaurant operator knows that developing an annual budget is a time-consuming, tedious project. Advantages of having an annual budget include being able to anticipate expenses, set targets for growing the business and staying within financial limits. A restaurant budget will help you recover from unexpected road-blocks, plan for profitability and potential challenges.
KROST’s restaurant consultants can be your trusted partner to help you develop your 2020 budget. Here are the comprehensive steps to our budget service:
A one on one consultation during which we review and analyze your 2019 revenue and expenses, assist with forecasting, projections and provide our professional input as you pencil out your 2020 budget. This meeting is really the foundation of a successful budget.
Next, we take that data and we build a realistic and achievable budget that is customized based on current trends, economic factors and industry benchmarking.
When your budget is finalized, we will sit down to review in detail, helping you to fully understand the correlation between your daily operations and achievement of your budgeted goals. You will be able to refer to this document throughout the year to help keep you on track.
We can assist in uploading your new budget into your current Business Intelligence software if inquired.
Set your restaurant operation up for success in 2020 by contacting Gina today to schedule your first budget consultation meeting email: gina.gross@krostcpas.com or call (818) 330-1514.
