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Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

However, as a rule, the primary costs you can expect in running your restaurant are usually related to food, labor, and rent. If creating and running advertisements is not your forte, you can always outsource this service to freelancers specializing in digital marketing.

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Assessing Coronavirus Insurance Coverage Risks for Restaurants

Modern Restaurant Management

For that reason, restaurant and business owners typically carry business income coverage, also referred to as business interruption coverage, which is insurance coverage intended to replace lost income in the event business is halted or interrupted for some reason, such as a natural disaster.

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Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping

7 Shifts

Manage payroll on time Simplifying your restaurant’s bookkeeping process means efficiently managing the daunting task of settling salary payments, especially if you’re running huge operations and managing many employees. Many restaurants opt to hire part-time employees to avoid this expense. What can 7shifts do for you?

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15 Restaurant Metrics to Know and How To Use Them

7 Shifts

Numbers can give us insights into everything from profits and losses to average customer spend to how often employees cycle through. Employee turnover rate. Labor cost includes all labor-related categories: Employees, both hourly wages and salaries. Employee Turnover Rate. What is employee turnover rate?

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Restaurant Taxes: Top 12 Tax Deductions and Tips For Restaurants

Harbor Touch

If employees receive benefits and compensation, they must be provided for work that employees perform. If you are audited, and the IRS believes you are overcompensating employees based on other amounts reported within the restaurant industry, you may not be able to deduct them fully. Employee Meals. Employee Tips.

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Typical Restaurant Overhead Costs and Expenses

BNG Point of Sale

This blog post will go over the typical restaurant overhead costs and expenses, including rent, utilities, labor wages for employees, licenses and permits, food cost percentages, and more. Operating expenses, which are not related to production, are overhead costs. Advertising . Business insurance . Alcohol licenses .

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Recruiting Ideas for Low Wage Workers 

ExactHire - Restaurants

Prior to the pandemic, most people used terms like “essential worker” to refer to healthcare workers, police and other first responders. Before executive orders deemed them essential, grocery store workers, delivery drivers and manufacturing workers were more likely to be referred to collectively as “low-wage workers.”