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Real-Time Reports, Weekly Recommendations, & The Power of Partnership —Succulent Hospitality Narrative Case Study

Trusted CFO Solutions specializes in working with restaurant groups. One of our wonderful clients, Succulent Hospitality, shares below about their experience working with us and how that’s helped them strengthen and grow their business.

Succulent Hospitality houses three restaurants in the Atlanta area: Hammocks Trading Company, Under the Cork Tree, and Prime 120.

From their own words below, you’ll discover how we’ve helped the owners save time through real-time visibility reporting that shifts the burden from top-down leadership to a state where all leaders and managers know the same numbers and can act accordingly. We also discuss how Trusted CFO Solutions leverages the power of Sage Intacct to deliver the data with relevant recommendations on a weekly basis. It’s a favored engagement that has evolved into a powerful business partnership.

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wood fired cooked steak

Why Are A Restaurant’s Prime Costs So Important?

This is part of our Restaurant Success Series. Click here to access other articles.

Our restaurant clients are getting a good handle on controlling food cost and labor, thanks to our Prime Costs Dashboard. 

Prior to Trusted CFO Solutions, most only used QuickBooks and only recorded things once a month – after month-end. Today, however, they can review their numbers by the day and also by the week.

The Prime Costs Dashboard is opening eyes. Not only are we educating them on the power of monitoring costs weekly, but the benefit is that they are able to control it before it’s too late.

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Restaurant 4-Week Periods for 2021 + Free Schedule Download

This is part of our Restaurant Success Series. Click here to access other articles.

Now is the time to convert to a 4-week reporting cycle!

The vast majority of restaurants we work with want to use a 4-week period but don’t have their accounting systems set up to make it happen. Usually, the owner or restaurant manager is having to keep these types of schedules manually in Excel. What we hear over and over again is that it isn’t a useful exercise to compare the results of their latest P&L to the previous month because there are usually a different number of days this month than last month. Further, comparing the current month this year to the same month last year may not be valid either!

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inside a restaurant

What Is Financial Consolidation And How Can It Help My Portfolio of Businesses?

Are you still working with Quickbooks and Excel spreadsheets, emailing back and forth, with countless employees working late to finish month-end financial reports only to find all the numbers changed the following morning? What about those problems you’ve had when finding errors weeks later?

Are all the companies in your business portfolio cobbled and thrown together, making it difficult to know the health of your companies? By the time you’re ready to pivot the company, are your reports already dated?

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