What are the common reasons that restaurants don’t use the 4-week cycle?
While there are many reasons to use the 4-week system operationally, the reason it’s not used usually comes from a disconnect between operations and the accountants.
Our mission at Trusted CFO Solutions is to help drive the performance of our clients’ businesses (i.e. especially restaurants, but retail and hospitality also). So, as part of our mission, we connect and unify operations and accounting. Here are the obstacles we face in our mission.
The 4-week system is our best practice at Trusted CFO Solutions because it improves understanding of how your restaurant is actually performing. Our clients using this method would never consider going back to monthly financials.
It’s worth exploring the switch from calendar month end to 13 period years. We’re happy to play a role in that discovery. Simply contact us to get started.
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