About this episode

This episode features Raffi Yousefian discussing restaurant accounting and financial management for independent operators.

This episode of Corner Booth dives deep into the world of restaurant accounting and financial management for independent restaurant operators. Hosted by Chris Tripoli of RestaurantOwner.com, the discussion features Raffi Yousefian, founder and CEO of The Fork CPAs, an outsourced controller service specializing in restaurants, bars, and nightclubs. The conversation emphasizes the importance of accurate bookkeeping, proper chart of accounts setup, and leveraging technology like QuickBooks Online and Margin Edge to streamline financial reporting. Raffi shares his journey from early exposure to restaurant bookkeeping to building a firm that now serves over 500 restaurants nationwide. He explains how outsourced controller services provide real-time reporting, weekly financial snapshots, and monthly P&L reviews to help operators monitor prime costs, labor cost management, and occupancy cost percentages. The episode highlights why understanding key metrics such as sales per square foot, guest count tracking, and check averages is essential for optimizing profitability and ensuring long-term success. The podcast also addresses current industry challenges, including rising labor…

People in this episode

Host: Chris Tripoli

Guest: Raffi Yousefian

Topics covered

• restaurant accounting
• financial management
• bookkeeping
• technology in finance
• profitability
• industry challenges

Keywords

• QuickBooks Online
• Margin Edge
• prime costs
• labor cost management
• occupancy cost percentages
• sales per square foot
• guest count tracking
• check averages
• tip credit elimination
• service charge models
• credit card surcharges
• tip fatigue

Mentioned in this episode

Products: Margin Edge, QuickBooks Online

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