{"id":26911,"date":"2024-12-16T10:57:51","date_gmt":"2024-12-16T15:57:51","guid":{"rendered":"https:\/\/www.sage.com\/en-us\/blog\/?p=26911"},"modified":"2024-12-16T11:00:57","modified_gmt":"2024-12-16T16:00:57","slug":"boosting-restaurant-profitability-in-2025","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-us\/blog\/boosting-restaurant-profitability-in-2025\/","title":{"rendered":"Boosting restaurant profitability in 2025"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--has-illustration entry-header--has-illustration--generic\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/category\/trends-insights\/\" class=\"entry-header__link\">Trends &amp; Insights<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tBoosting restaurant profitability in 2025\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \">Published <time class=\"entry-date published\" datetime=\"2024-12-16T10:57:51-05:00\">December 16, 2024<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"Boosting restaurant profitability in 2025\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-us\/blog\/boosting-restaurant-profitability-in-2025\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-us\/blog\/author\/bill-fuesz\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/08\/BillFueszHeadshot-350x350.jpg\" class=\"entry-author__image\" alt=\"Bill Fuesz\" \/>\t\t\t\t<span class=\"entry-author__name\">Bill Fuesz<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">As the CFO or controller of a restaurant company, your role is pivotal in steering the company towards financial success.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2025, the restaurant industry will continue to evolve, presenting both challenges and opportunities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To boost profitability, it&#8217;s essential to adopt a multifaceted approach that leverages technology, enhances customer experience, and optimizes operations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In this article, we\u2019ll share some key strategies to achieve these goals, while also highlighting the importance of a modern accounting platform.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-here-s-what-we-ll-cover\">Here&#8217;s what we&#8217;ll cover<\/h3>\n\n\n<?xml encoding=\"utf-8\" ?><div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><ul><li><a href=\"#h-1-leverage-technology-and-automation\" data-level=\"2\">1. Leverage technology and automation<\/a><\/li><li><a href=\"#h-2-optimize-menu-offerings\" data-level=\"2\">2. Optimize menu offerings<\/a><\/li><li><a href=\"#h-3-enhance-customer-experience\" data-level=\"2\">3. Enhance customer experience<\/a><\/li><li><a href=\"#h-4-focus-on-sustainability\" data-level=\"2\">4. Focus on sustainability<\/a><\/li><li><a href=\"#h-5-expand-revenue-streams\" data-level=\"2\">5. Expand revenue streams<\/a><\/li><li><a href=\"#h-6-data-driven-decision-making\" data-level=\"2\">6. Data-driven decision making<\/a><\/li><li><a href=\"#h-7-cost-control-and-efficiency\" data-level=\"2\">7. Cost control and efficiency<\/a><\/li><li><a href=\"#h-the-need-for-a-modern-accounting-platform\" data-level=\"2\">The need for a modern accounting platform<\/a><\/li><li><a href=\"#h-final-thoughts\" data-level=\"2\">Final thoughts<\/a><\/li><\/ul><\/div>\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1-leverage-technology-and-automation\">1. Leverage technology and automation<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In the digital age, technology is a game-changer for the restaurant industry. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By integrating advanced technology and automation, you can streamline operations, reduce costs, and enhance efficiency.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-automated-inventory-management\">Automated inventory management<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Implementing automated inventory systems can help track stock levels in real-time, reducing waste and preventing overstocking. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These systems can also predict future inventory needs based on historical data, ensuring you always have the right amount of stock.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-digital-ordering-systems\">Digital ordering systems<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Digital ordering platforms, including mobile apps and self-service kiosks, can improve order accuracy and speed up service.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These systems also provide valuable data on customer preferences and purchasing patterns, which can inform menu decisions and marketing strategies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-ai-driven-customer-insights\">AI-driven customer insights<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Artificial intelligence can analyze customer data to provide insights into dining habits and preferences.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This information can be used to personalize marketing efforts, tailor promotions, and enhance the overall customer experience.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-automation-in-scheduling-and-payroll\">Automation in scheduling and payroll<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Automating scheduling and payroll processes can save time and reduce errors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Advanced scheduling software can optimize staff schedules based on predicted demand, ensuring you have the right number of employees at peak times without overstaffing during slower periods.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2-optimize-menu-offerings\">2. Optimize menu offerings<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Your menu is at the heart of your restaurant&#8217;s operations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Regularly analyzing menu performance and making data-driven adjustments can significantly impact profitability.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-menu-analysis\">Menu analysis<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Use sales data to identify high-margin items and underperforming dishes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Focus on promoting and enhancing popular, profitable items while considering the removal or adjustment of less successful options.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-seasonal-menus-and-limited-time-offers\">Seasonal menus and limited-time offers<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Introducing seasonal menus and limited-time offers can create excitement and urgency, encouraging customers to try new dishes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These offerings can also take advantage of seasonal ingredients, which may be more cost-effective and fresher.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-menu-simplification\">Menu simplification<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A streamlined menu can improve kitchen efficiency and reduce waste.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By focusing on a smaller selection of high-quality dishes, you can ensure consistency and speed in preparation, enhancing the customer experience.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-enhance-customer-experience\">3. Enhance customer experience<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Providing an exceptional customer experience is crucial for retaining customers and attracting new ones.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investing in staff training and utilizing customer feedback can help create a welcoming and memorable dining experience.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-staff-training\">Staff training<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Well-trained staff can provide better service, leading to higher customer satisfaction and repeat visits. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Invest in regular training programs to ensure your team is knowledgeable, friendly, and efficient.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-customer-feedback\">Customer feedback<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Actively seek and respond to customer feedback.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Use surveys, online reviews, and social media to gather insights into what customers love and what needs improvement. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Addressing concerns promptly and making visible changes based on feedback can build customer loyalty.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-personalized-dining-experience\">Personalized dining experience<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Utilize customer data to personalize the dining experience. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For example, loyalty programs can track customer preferences and offer tailored promotions, making customers feel valued and understood.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-4-focus-on-sustainability\">4. Focus on sustainability<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Sustainability is not only a growing consumer demand but also a potential cost-saving measure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can attract environmentally conscious customers and reduce operational costs by implementing eco-friendly practices.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-reducing-food-waste\">Reducing food waste<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Implement strategies to minimize food waste, such as accurate portion control, repurposing leftovers, and donating surplus food.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Reducing waste can lower costs and improve your restaurant&#8217;s environmental footprint.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-eco-friendly-packaging\">Eco-friendly packaging<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Biodegradable or recyclable materials are sustainable packaging options.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This can appeal to eco-conscious customers and reduce waste disposal costs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-sourcing-locally\">Sourcing locally<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Partnering with local suppliers can reduce transportation costs and support the local economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Local ingredients are often fresher and can enhance the quality of your dishes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-5-expand-revenue-streams\">5. Expand revenue streams<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Diversifying your revenue streams can provide additional income and mitigate risks associated with relying solely on in-restaurant dining.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-catering-services\">Catering services<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Catering for events and corporate functions allows you to create the possibility of a new market segment. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Catering can be a lucrative addition, especially if you have a strong brand and a reputation for quality.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-meal-kits-and-branded-merchandise\">Meal kits and branded merchandise<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Selling meal kits and branded merchandise can create new revenue opportunities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meal kits allow customers to enjoy your restaurant&#8217;s dishes at home, while merchandise can promote brand loyalty.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-delivery-and-takeout\">Delivery and takeout<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Expanding delivery and takeout options can increase sales, especially if you use your own platform to avoid high fees from third-party services.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ensure that your delivery packaging maintains the quality and presentation of your dishes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-6-data-driven-decision-making\">6. Data-driven decision making<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Harnessing the power of data analytics can provide valuable insights into your restaurant&#8217;s performance and guide strategic decisions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-monitoring-kpis\">Monitoring KPIs<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Track key performance indicators such as sales trends, customer satisfaction, and operational efficiency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Regularly reviewing these metrics can help identify areas for improvement and inform decision-making.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-customer-preferences\">Customer preferences<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You can tailor your offerings using data to understand customer preferences. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For example, if data shows a growing demand for plant-based options, consider expanding your vegetarian and vegan menu items.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-operational-efficiency\">Operational efficiency<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Analyze data to identify inefficiencies in your operations. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For example, if certain times of day are consistently slow, consider adjusting staffing levels or offering promotions to boost traffic during those periods.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-7-cost-control-and-efficiency\">7. Cost control and efficiency<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Effective cost control and operational efficiency are essential for maintaining profitability. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Regularly reviewing expenses and implementing cost-saving measures can have a significant impact on your bottom line.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-supplier-contracts\">Supplier contracts<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Regularly review and renegotiate supplier contracts to ensure you are getting the best prices. Building strong relationships with suppliers can also lead to better terms and more reliable service.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-energy-efficiency\">Energy efficiency<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Implement energy-efficient practices, such as using LED lighting, energy-efficient appliances, and optimizing heating and cooling systems. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These measures can reduce utility costs and contribute to sustainability goals.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-streamlining-operations\">Streamlining operations<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Look for ways to streamline operations and reduce waste. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For example, optimizing kitchen workflows and reducing unnecessary steps can improve efficiency and lower costs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-need-for-a-modern-accounting-platform\">The need for a modern accounting platform<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To effectively implement these strategies and manage the financial complexities of a multi-location restaurant company, a modern accounting platform, such as, is indispensable.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here&#8217;s why:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-real-time-financial-insights\">Real-time financial insights<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A modern accounting platform provides real-time access to financial data, allowing you to make informed decisions quickly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is crucial for monitoring cash flow, tracking expenses, and identifying trends.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Scalability<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">As your restaurant company grows, a scalable accounting platform can accommodate additional locations and increased transaction volumes without compromising performance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-integration-with-other-systems\">Integration with other systems<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Modern accounting platforms can integrate with other business systems, such as inventory management, payroll, and point-of-sale (POS) systems.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This integration streamlines data flow and reduces the risk of errors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Compliance and reporting<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Keeping up with regulatory compliance and generating accurate financial reports is easier with an advanced accounting platform.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Automated reporting features can save time and ensure accuracy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Cost control<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">By providing detailed insights into expenses and revenue, a modern accounting platform helps identify cost-saving opportunities and areas for improvement.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Enhanced security<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Protecting financial data is critical. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Modern accounting platforms offer robust security features to safeguard sensitive information and ensure data integrity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-final-thoughts\">Final thoughts<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Boosting profitability in 2025 requires a comprehensive approach that leverages technology, enhances customer experience, and optimizes operations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By implementing these strategies and utilizing a modern accounting platform, you can position your restaurant company for long-term success and financial stability.&nbsp;<\/p>\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div 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48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n<section class=\"more-topics alignfull has-grey-light-background-color wp-block-sage-post-topics\">\n\t<div class=\"container\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col col-12 col-lg-4\">\n\t\t\t\t<h3 class=\"more-topics__title h2\">Browse more topics from this article<\/h3>\n\t\t\t<\/div>\n\t\t\t<div class=\"col col-12 col-lg-8\">\n\t\t\t\t<ul class=\"post-tags__list\">\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/business-intelligence\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tBusiness intelligence\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/business-strategy\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tBusiness strategy\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/food-beverage\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tFood &amp; beverage\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/growing-a-business\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tGrowing a business\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/small-business\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tSmall business\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/staying-competitive\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tStay competitive\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/technology\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tTechnology\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n<div class=\"alignfull wp-block-sage-related-posts\">\n\t<section class=\"related-posts card-grid has-dark-background-color\">\n\t<div class=\"container\">\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--featured h1\">Explore more wisdom<\/h2>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"row related-posts__featured\">\n\t\t\t\t<div class=\"col card-grid__item\">\n\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-0 post-29452 post type-post status-publish format-standard has-post-thumbnail hentry category-accountants category-money-matters category-strategy-legal-operations category-trends-insights tag-accounting-101 tag-automation tag-cash-flow tag-small-business business_type-small-business business_type-accountants card-post--is-clickable\"\n>\n\t<div class=\"card-post__media-wrapper\">\n\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1215\" height=\"810\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1327235816-1215x810.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1327235816-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1327235816-768x512.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1327235816-1215x810.jpg 1215w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"card-post__content\">\n\t\t\t\t\t<div class=\"card-post__label\">Recommended<\/div>\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-08-17T09:38:19-04:00\">August 17, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">10 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h3\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\tclass=\"card-post__title-link\"\n\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/accounts-payable-asset-or-liability\/\"\n\t\t\t\t>\n\t\t\t\n\t\t\tIs accounts payable an asset or a liability?\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/p>\n\n\t\t\n\t\t\t\t\t<p class=\"card-post__description\">\n\t\t\t\tIs accounts payable an asset or a liability? Accounts payable is a current liability because it represents money your business owes to suppliers. Learn where it appears on the balance sheet and why this classification matters.\t\t\t<\/p>\n\t\t\n\t\t\t<\/div>\n\n\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t<div class=\"row related-posts__non-featured\">\n\t\t\t\t<div class=\"col col-12\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--more h4\">More on this Topic<\/h2>\n\t\t\t\t<\/div>\n\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-1 post-31994 post type-post status-publish format-standard has-post-thumbnail hentry category-people-leadership tag-hiring tag-hr-software tag-leadership tag-performance tag-productivity tag-small-business business_type-small-business business_type-growing-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/what-is-a-performance-management-system\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/03\/BrandShoot-LND_June2024_Financial-Services_0546-copy-1-684x384.jpeg\" class=\"card-post__image\" alt=\"Two colleagues meet in a modern office.\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/03\/BrandShoot-LND_June2024_Financial-Services_0546-copy-1-684x384.jpeg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/03\/BrandShoot-LND_June2024_Financial-Services_0546-copy-1-768x512.jpeg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/03\/BrandShoot-LND_June2024_Financial-Services_0546-copy-1-1214x810.jpeg 1214w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-08-17T09:24:36-04:00\">August 17, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">15 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tPerformance management systems: A practical guide\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-2 post-29572 post type-post status-publish format-standard has-post-thumbnail hentry category-accountants category-money-matters category-strategy-legal-operations tag-accountants tag-accounting-101 tag-business-intelligence tag-compliance tag-grow-your-accounting-practice business_type-small-business business_type-accountants business_type-growing-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/franchise-accounting\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-530281091-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-530281091-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-530281091-768x432.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-530281091-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-08-17T08:58:34-04:00\">August 17, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">10 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tFranchise accounting: An in-depth guide\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-3 post-23456 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters tag-accounting-101 tag-boss-your-business tag-small-business tag-staying-competitive business_type-small-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/how-to-write-an-invoice\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-642394299-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-642394299-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-642394299-768x432.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-642394299-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-07-31T07:18:42-04:00\">July 31, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">15 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tHow to write an invoice and what to include\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-4 post-13533 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters tag-accounting-101 tag-boss-your-business tag-business-continuity tag-cash-flow tag-productivity tag-small-business business_type-small-business business_type-growing-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/why-you-should-be-doing-cash-flow-analysis\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/12\/BrandShootLDN_Dec2021_Construction_0014-JPG-Sage-Advice-684x384.jpeg\" class=\"card-post__image\" alt=\"Construction professional at desk\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/12\/BrandShootLDN_Dec2021_Construction_0014-JPG-Sage-Advice-684x384.jpeg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/12\/BrandShootLDN_Dec2021_Construction_0014-JPG-Sage-Advice-768x512.jpeg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/12\/BrandShootLDN_Dec2021_Construction_0014-JPG-Sage-Advice-1215x810.jpeg 1215w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-07-31T05:12:45-04:00\">July 31, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">16 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tCash flow analysis guide: Definition, steps, and examples\u00a0\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Discover the key strategies to boosting restaurant profitability in 2025. Learn the importance of a modern accounting platform.<\/p>\n","protected":false},"author":1427,"featured_media":9129,"menu_order":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sage_video":false,"post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"_pwl_sage_podcast_buzzsprout_src":"","footnotes":""},"categories":[46,49],"tags":[4,170,269,153,34,155,154],"business_type":[],"lilypad":[],"context":[],"industry":[52,452],"persona":[100,98,96],"imagine_tag":[466,468,233,230],"coauthors":[609],"class_list":["post-26911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-growth-customers","category-trends-insights","tag-business-intelligence","tag-business-strategy","tag-food-beverage","tag-growing-a-business","tag-small-business","tag-staying-competitive","tag-technology","industry-food-beverage","industry-hospitality"],"sage_meta":{"region":"en-us","author_name":"Bill Fuesz","featured_image":"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1297061487.jpg","imagine_tags":{"466":"Food &amp; Beverage","468":"Grow your business","233":"Medium Businesses","230":"Small business"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice US","distributor_original_site_url":"https:\/\/www.sage.com\/en-us\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts\/26911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/users\/1427"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/comments?post=26911"}],"version-history":[{"count":0,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts\/26911\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/media\/9129"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/media?parent=26911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/categories?post=26911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/tags?post=26911"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/business_type?post=26911"},{"taxonomy":"lilypad","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/lilypad?post=26911"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/context?post=26911"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/industry?post=26911"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/persona?post=26911"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/imagine_tag?post=26911"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/coauthors?post=26911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}