RSI’s Financial and Operational Management System (Profit Center™) empowers independent single and multi-unit restaurant owners and operators in making proactive decisions that have a direct impact on their bottom line. Developed by industry professionals, Profit Center’s™ comprehensive management solution provides a real-time experience for our clients; Targeting all major facets of back office management such as: Purchasing, Accounts Payable, Cash Management, Inventory Management, Menu Engineering and Food Costing, Budgeting, Bank Reconciliation, Tax Management and Financial Reporting. The secret for our clients’ success – RSI’s team of Accountants, Operations Specialists, Tax & Compliance Agents, and Bank Reconciliation Specialists train, educate, and assist our clients in the management of their daily operations.
Applicable Restaurant Operations Resources
Benefits and Services
Benefits and Services
OPERATION SPECIFIC FINANCIAL AND OPERATIONAL REPORTING
RSI’s Profit Center™ has been specifically designed to assist in maximizing your profitability. Hospitality-Specific Reporting on schedules that make sense for the restaurant industry (13 Period, 4-4-5, 5-4-4). This includes Multi-Unit Consolidation as well as Side-By-Side Reporting. Our system provides operators with both the flexibility and discipline necessary to make corporate reporting reliable.
DETAILED SALES AND INVENTORY VARIANCE ANALYSIS REPORTS
The benefit of a management system is that one activity has an effect on at least four areas of managerial behaviors. Utilizing RSI’s Profit Center™ enables you to see the relationships between Sales, Cost of Goods, Inventory, Purchasing, and Item Level Trends & Variances; thus, providing you with the information you need in order to understand WHY opportunities exist and how to correct them. RSI’s Operations Specialists are the experts in educating you on the best practices and strategies for achieving your profit goals.
PRICING VOLATILITY AND FOOD COST ANALYSIS REPORTING
Understanding your Theoretical vs. Actual food cost can be one of the most difficult tasks for an independent operator. Using RSI’s Menu Engineering enables you to clearly identify the relationship between menu item sales, ingredient price volatility and their overall impact on food costs. View our Menu Engineering video here for more information!
MENU ENGINEERING DASHBOARD
RSI’s Food Cost Management tools optimize financial success within your menu by analyzing food cost in comparison to sales trends. Our Menu Engineering Dashboard interprets your daily operational data to identify each menu item and/or each menu category (apps, desserts, etc.) corresponding to its volume of sales. By coordinating your Inventory and Sales data, our menu costing solution will enable you to maintain a profitable and successful menu!
To get an in-depth view of how our Menu Engineering platform can assist the profitability of your menu, check out our Food Cost Management blog here!
BANK RECONCILIATION AND CASH MANAGEMENT REPORTING
One of the biggest challenges for both independent and multi-unit operators is to ensure the accuracy of their Financial Statements. As we know, inaccurate Financial Statements has a direct effect on the ability to proactively manage cash. RSI’s Bank Reconciliation System and Specialists tirelessly work to ensure the successful close-out of each financial reporting period, thus ensuring the accuracy of your financials. Additionally, the RSI’s Bank Rec Specialists act as a second set of eyes for your business.
SALES TAX AUDITING SERVICES & RETURNS
RSI’s Tax Specialists ensure that what is collected by the Point of Sale is correctly mapped to your appropriate City, State, and Federal General Ledger Accounts ensuring both your compliancy and maximizing your taxable benefits. RSI’s Compliance Department provides you with upcoming changes and thus ensures your Sales Tax Return Filings are timely and accurate.
OPERATIONAL BUSINESS INTELLIGENCE REPORTING
RSI’s Report Card is your personal Business Intelligence solution. Providing both Enterprise-Level Relational Reporting and Point of Sale transactional data backup for your businesses. Report Card provides you single and multi-unit visibility into the operational trends and their impact on the guest, team, and your business’s overall financial health.
BUDGET VS ACTUAL REPORTING
Studies have proven there’s no mystery that all great restaurants operate with budgets; RSI’s management system is no different. Our Budgeting & Forecasting Modules enable you to be strategic with your business growth as well as provide your managers with a target to ensure growth and profitability happens. RSI’s Operations Specialists work with our clients to assist in motivating and keeping operators on track in strategic development.
FINANCIAL AND OPERATIONAL ASSESSMENT REVIEWS
One of RSI’s greatest strengths is to provide both Restaurant Accounting and Operational Services. RSI’s Client Advisory Team provides both Financial and Operational Comprehensive Assessments enabling our clients to pinpoint areas of opportunity as well as strategic growth. Reviews are performed on a Period, Quarterly, Semi-Annual, and Annual basis.