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ABCs of Accounting

The James Beard Foundation presents ABCs of Accounting, an educational resource that seeks to help independent restaurant chefs, owners, and operators tackle one of the industry's biggest challenges, rising costs. This comprehensive package teaches participants to optimize their operations using the Activity-based Costing (ABC) methodology, combining curriculum-based learning with a plug-and-play costing tool. Through practical applications of ABC methodology, users will be able to analyze their profit and loss statements more effectively, identify operational inefficiencies, and conduct strategic pricing techniques. Ultimately, they are enabled to make data-driven decisions about pricing, budgeting, and forecasting.


The ABCs of Accounting include: 

ABCOT Overview

The Activity-based Costing and Optimization Tool (ABCOT) is a formulated spreadsheet designed to calculate the Activity-Based Costing (ABC) for a single dish. Update the spreadsheet with your information and values, simply plug-and-play, and the tool does the work. Use the ABCOT Overview for detailed step-by-step instructions on how to correctly use the tool. Be sure to sign up for one of the monthly virtual sessions for live instruction and the ability to ask questions!