by David Monteith | Jul 27, 2026
Stop Flying Blind: How to Clean Up Your Messy Chart of Accounts and Reclaim Your Profit Margin TLDR Your profit and loss statement says you made money last month. Your bank account says you can’t cover Friday’s payroll. Both are telling the truth, and the...
by David Monteith | Jul 20, 2026
The COGS Split: Exposing Theft and Waste in Canadian Restaurants TLDR The average Canadian restaurant survived 2024 on an operating profit margin of 4.1 per cent. Sector-wide, operating revenue reached $99.6 billion against $95.5 billion in expenses, with cost of...
by David Monteith | Jul 13, 2026
Stop Guessing Where Your Profits Go: The Channel-Segmented Chart of Accounts TLDR You did $100,000 in sales last month. You did $100,000 this month. Nothing changed, so nothing’s wrong. Except dine-in fell $20,000, and delivery picked up the same $20,000....
by David Monteith | Jul 6, 2026
The Real Cost of Doing Your Own Restaurant Bookkeeping TLDR You opened a restaurant because you love food and hospitality, not because you wanted to spend your evenings buried in faded receipts and payroll deductions. Most operators handle their own books because they...
by David Monteith | Jun 29, 2026
TLDR: Converting Customer Liabilities Into Continuous Financial Control Most Canadian restaurant operators treat gift card sales as immediate revenue and absorb the cash directly into operating expenses. The Excise Tax Act and the Income Tax Act treat those...
