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Essentials of Payroll Accounting for Restaurant Groups, Part 2

Restaurant365

Your payroll solution can impact hiring, onboarding, employee payments, taxes, and overall business health. For many restaurants, the weekend provides significantly higher sales levels than a weekday. This two-part blog series presents an overall guide to the essentials of payroll accounting for restaurant groups.

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How to Build a Data-driven Culture for Your Restaurant Group

Restaurant365

But having this data stored in your point of sale (POS) system or other restaurant systems doesn’t mean anything by itself. For 21st-century companies, data is a powerful tool that can help improve nearly every area of business. To be successful, your organization needs to create a culture of actually using data.

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The Advantages of Connecting Your Restaurant Group’s Payroll and Accounting Systems

Restaurant365

A period with seven weekend days, as opposed to one with nine, will likely generate much different sales and expense levels. For instance, if you run payroll weekly or bi-weekly, a four-week accounting period allows you to align labor costs with sales, informing accurate, useful labor cost calculations.

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Restaurant Accounting: The Ultimate Guide

Xtra Chef

Restaurant accounting is certainly not the most glamorous part of running a restaurant. Yet, without proper restaurant accounting, it is impossible to control your finances and keep your restaurant in business. Restaurant accounting activities include everything from accurately recording transactions to creating detailed financial reports.

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New & Notable: TEAM Schostak Celebrates 40, AI in Food Service and Beachy Tech

Modern Restaurant Management

New & Notable spotlights the latest news restaurateurs need to know. TEAM Schostak Family Celebrates Anniversary and Employees. TEAM Schostak Family Restaurants (TSFR) is celebrating its 40th anniversary along with the anniversaries of employees that have been with the company for 20 years or more.

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What’s Next?: MRM Restaurant Survival Guide Updates

Modern Restaurant Management

Restaurant employees can apply online to receive a one-time, $500 check to use toward bills, including housing, transportation, utilities, childcare, groceries, medical bills and/or student loans. The Foundation will administer the grants, offered on a first-come, first-served basis. Live in the U.S., an overseas U.S. military base, or any U.S.

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How To Run A Successful Restaurant Franchise — 10 Essentials For Sustainable Growth

Apicbase

Besides cost estimates, audited financial statements and projections should be included, like: the expected growth rate for (at least) the first year; the estimated restaurant cash flow; the expected payback period. Hire an expert to ensure the agreement covers everything that is legally required. As a franchisor, things are different.