National Restaurant Association Releases Guide to Restaurant Accounting

Uniform System of Accounts for Restaurants 8th Edition helps operators record, report and leverage financial statements

May 21, 2012
Contact: Annika Stensson (202) 973-3677, Rachel Salabes (202) 331-5997

(Washington, D.C.) The National Restaurant Association has released the eighth edition of its Uniform System of Accounts for Restaurants, a guide to preparing financial statements in standardized restaurant-specific format. Last released in 1996, the guide takes into account new technology and revenue streams so restaurant operators and managers can better identify ways to report financials and increase operational efficiency.

The publication is primarily geared toward single-unit and small multi-unit independent operators. It is intended as a practical guide to accurately record detailed financial records and enhance productivity and build profitability. Hospitality educators, accountants and suppliers might also use the book to better understand restaurant operations.

The book covers federal, state and local taxes and includes a list of nearly 800 P&L line items. It also contains a chapter on basic accounting and record-keeping, and sample balance sheets.

Uniform System of Accounts for Restaurants is available in the National Restaurant Association’s online store for $79.95 for Association members and $159.95 for non-members. The publication was edited and revised by Jim Laube, publisher of RestaurantOwner.com, and Barry K. Shuster, editor of Restaurant Startup & Growth magazine.

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Founded in 1919, the National Restaurant Association is the leading business association for the restaurant industry, which comprises 970,000 restaurant and foodservice outlets and a workforce of nearly 13 million employees. We represent the industry in Washington, D.C., and advocate on its behalf. We operate the industry's largest trade show (NRA Show May 18-21, 2013, in Chicago); leading food safety training and certification program (ServSafe); unique career-building high school program (the NRAEF's ProStart, including the National ProStart Invitational April 19-21, 2013, in Baltimore, Md.); as well as the Kids LiveWell program promoting healthful kids' menu options. For more information, visit www.restaurant.org and find us on Twitter @WeRRestaurants, Facebook and YouTube.