A Combination of Traditional, Remote Audits and Self-Auditing Will Trend into the Future

Modern Restaurant Management

Restaurants have traditionally relied on annual, biannual, or quarterly audits, where an inspector visits the facility and conducts an in-person assessment of health and safety protocols. A Combination Auditing Approach Will Become the Norm.

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COVID-19-Related Government Budget Deficits May Spur Aggressive Payroll and Sales Tax Audits 

Modern Restaurant Management

Although the IRS and state taxing authorities have initially slowed their pace of audit activity to protect the health and safety of their own employees during these turbulent times, this is only temporary. Finance Law sales tax sales tax audits payroll tax

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How Can I Prevent Contract Overlaps and Overpricing?

Modern Restaurant Management

To better manage and keep a handle on contract management, operators can conduct routine invoice audits, automate their contract management, monitor price and market trends, and review their MDA’s. Here’s a deeper look at each: Constant Auditing of Invoices.

Restaurants’ New Brand Challenge: Delivering a Consistent Customer Experience in an Inconsistent World 

Modern Restaurant Management

That approach begins with the judicious application of data from brand compliance audits. Restaurants rely on surveys and brand audits to provide valuable measurements, allowing management to assess standards across their locations and make adjustments when issues crop up.

NTN Buzztime, Inc. Received Audit Opinion with Going Concern Explanation

Buzztime Business

NYSE American: NTN) is required under the NYSE American LLC Company Guide to make a public announcement through the news media disclosing the receipt of an audit opinion that contains a going concern emphasis. Received Audit Opinion with Going Concern Explanation appeared first on Buzztime. CARLSBAD, Calif., March 24, 2020, — NTN Buzztime, Inc.

How to Assess Your Parking Lot Repair Needs After Back-to-Back Mild Winters

Modern Restaurant Management

Self-Audit Your Lot and Define a Baseline for Repairs. When auditing, keep track of how many of each of these issues exist, as well as how extensive the damage is. Design Equipment Bob Lester parking lot audits parking lot repairs parking lots spring parking lot work

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The Truth About Reality TV and Bar Ownership

Bar and Restaurant Coach

That’s why we begin every client relationship with liquor inventory audits audits over (usually) three consecutive weeks. Bar Operations Business Growth audit bar rescue inventory leadershipIs there anything better than binge-watching reality TV? Reality TV has been great for bar consultancy firms like Barmetrix by introducing our services to the world. If nothing else, these popular shows have made people aware that running a successful bar operation is damn HARD.

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DoorDash and Postmates Pay Out More Than $350,000 to Seattle Gig Workers Due to Hazard Pay Law

EATER

Both companies conducted voluntary audits around compliance with the new mandate [link

How FreshCheq is Priced by Restaurant Owners, for Restaurant Owners

FreshCheq

From there, features range from audits, checklists, scheduling, label printing and more. Audits for store inspections, EcoSure and Steritech self-audits. There are many ways that companies price the software that businesses use to manage food safety and their daily processes.

How FreshCheq is Priced by Restaurant Owners, for Restaurant Owners

FreshCheq

From there, features range from audits, checklists, scheduling, label printing and more. Audits for store inspections, EcoSure and Steritech self-audits. There are many ways that companies price the software that businesses use to manage food safety and their daily processes.

Managing Risk and Protecting Your Brand

Modern Restaurant Management

Ironically, now that restaurants must implement stringent new safety protocols and ensure compliance, it’s become difficult to secure third-party audits due to COVID-related travel restrictions and limits to interpersonal interactions.

Top three procedures to help restaurants thrive

Transact

Additionally, the system’s Checklist function helps them manage daily food safety and operational tasks, as well as regular maintenance and audit procedures.

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SSAE 18: Why it’s critical in selecting a technology partner

Crunchtime

SSAE stands for Statement on Standards for Attestation Engagements , which is overseen by The American Institute of Certified Public Accountants (AICPA) and more specifically the Auditing Standards Board (ASB). How do your technology partners show that you can trust them? Ask for their SSAE 18 documentation.

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What the New 1099-NEC (Nonemployee Compensation) Means for Your Restaurant Business

Restaurant365

Accuracy in these numbers is key to remaining compliant in case of an audit. The IRS has always done audits for organizations on employment tax issues, which included reviewing Form W-9 and 1099 compliance. As a result, Form 1099 audits are becoming more common.

Restaurant Modernization — It’s More than Customer-Facing Tech

Modern Restaurant Management

Even before the pandemic, customers at my software company, RizePoint, were trending toward doing more self-assessments at each location to track the results of big yearly audits and to get better views into how things are right now instead of a single point-in-time view.

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Ensure Your Parking Lot Is Safe for Outdoor Dining

Modern Restaurant Management

To make sure consumer health and safety is prioritized, operators should be auditing lots for quick repairs, adjusting signage to control traffic, as well as taking care of outside factors like city permits and permissions. Auditing Lots for Damage and Quickly Conducting Repairs.

Keep Your Outdoor Dining Space Compliant for Guest Safety

Modern Restaurant Management

Auditing Your Outdoor Dining Space Before Permit Request. Before applying for a permit or renewal, it’s in your best interest to audit the parking lot for any new safety hazards.

FreshCheq announces integration with Thermapen Blue wireless thermometer technology

FreshCheq

Save time and money with operating procedures such as store checklists, temp logs, food waste logs, audits, corrective actions, reporting and more.

Inflation Is Impacting The Restaurant Industry. Here’s How To Fight It.

7 Shifts

Do an audit on your menu, and check individual item sales.

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How to Expand Your Franchise: A 10-Step Roadmap for Restaurants

7 Shifts

Step 1: Audit Your Current Location(s) Before you start planning for your future, take a look at your past and your present. Still, you should conduct a thorough audit of your current restaurant(s) before expanding your business further.

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Seven Ways to Lower Restaurant Labor Cost

Modern Restaurant Management

Number Three : Audit your time keeping. Number Four : Audit sales every half-hour in your POS system. In about one week the restaurant industry went from paying overtime to employees because of a shortage of employees to skyrocketing unemployment rates.

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Guest Blog: Fixed Asset Accounting: Say Goodbye to Inaccurate Balance Sheets

Restaurant365

You struggle through end-of-year audits trying to reconcile fixed asset additions and retirements while checking to ensure you’re not inflating the balance sheet. The problem can compound each year, triggering dreaded end-of-year audits.

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Guest Blog: Fixed Asset Accounting: Say Goodbye to Inaccurate Balance Sheets

Restaurant365

You struggle through end-of-year audits trying to reconcile fixed asset additions and retirements while checking to ensure you’re not inflating the balance sheet. The problem can compound each year, triggering dreaded end-of-year audits.

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Avoid Health Infractions and Improve Your Restaurant Letter Grade With BOHA!

Transact

Improve your audit scores and remain compliant with BOHA! The Health Department’s decade-old practice of Restaurant Letter Grades isn’t what it seems. The appearance of a Health Inspector in your restaurant can be a frightening thing.

The 5 Things Food Vendors Don't Want You to Know

Embrace the Suck

What you want to ask for is margin instead of markup and you want it to be auditable. Get it in writing, and every six months ask for an audit to see if they are living up to the agreement.

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Improving Restaurant Cybersecurity to Keep Your Restaurant Data Secure

Restaurant365

A professional forensic audit of your business. Creating a risk assessment plan for your business may require obtaining a cybersecurity audit from a cybersecurity professional or consultant. Audit the number of systems your restaurant is running.

Marketplace Collection Laws Present Unique Challenges for the Restaurant Industry

Modern Restaurant Management

Some of these marketplace collection laws were hastily enacted and state revenue agencies may still be issuing guidance, determining audit enforcement practices, and resolving practical implementation issues as they arise. Audits.

Food Safety Practices in the Time of COVID-19

Modern Restaurant Management

As of March 18, 2020, the Food and Drug Administration (FDA) has suspended onsite audit requirements associated with the FSMA due to the COVID-19 (coronavirus) pandemic. FSMA audits are on hold for now, but when the crowds return so will the audits.

15 Super Helpful How-To Articles for the Restaurant CEO

Aaron Allen & Associates

How to Perform a Marketing Audit In today’s era of a rapidly increasing pace of change, many chains fail to perform periodic, top-to-bottom audits of their marketing objectives, strategies, and activities. Those who perform marketing audits shouldn’t just be able to answer “What are we doing?” Similarly, a modern restaurant brand audit requires much more than just auditing a company’s marketing efforts.

The Importance of NSF Certification for Restaurant Tools and Knives

Modern Restaurant Management

The NSF has a standards team that facilitates the development of public health standards, and a service team that test, audit, and certify products and services – which brings us to NSF Certification.

Why Restaurant Accounting Software is Good for Your Business

Lavu

Simplifies Auditing. A complete audit trail is provided from the source of information to the destination. If you are looking at a profit and loss item, you can move along the audit trail to confirm its accuracy in the original POS transaction.

WHAT RESTAURANT OWNERS GET WRONG

Culinary Cues

Many, many small restaurants fall victim to failure to pay sales tax, Department of Labor audits on payroll, or overdrawn accounts due to poor money management. [] NOT PAYING ATTENTION TO THE COMPETITION.

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Reducing Restaurant Food Waste

Modern Restaurant Management

Audit the waste stream and try to identify current trends and how much waste is actually being generated. Whether that’s finding the lowest price in the area, managing missed pickups, or auditing monthly charges, they relieve the operator of the time it takes to oversee the program.

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Bar Inventory Programs: Are You Leaving Money on the Table?

Bar and Restaurant Coach

At the end of the audit, you’ll know the variance, also known as shrink. Does your bar or restaurant operation have an inventory program or an ordering program? There are vast differences between the two. Often, people believe they are running an inventory program, or consider both practices one and the same. But, one will get your variance (or loss) down to less than 3%, the other, on average, will keep you between 15 – 20%. How to Make More Money in Your Bar Program.

Just in Time: Virtual Marketplace Connecting Restaurants to Their Favorite Suppliers

Cheetah

Pre-cut and food preparation facilities undergo rigorous daily sanitation, safety certifications, and audits. Reading Time: 3 minutes. As if restaurant operators don’t have enough on their plates, labor shortages have made reliable workers for entry-level positions very hard to find.

6 Ways To Enhance Waste Management System To Reduce Restaurant Operating Costs

The Restaurant Times

Conduct Waste Audits. You need to conduct waste audits to know the exact amount of food waste that gets generated from various sources. Food wastage is one of the core problems of UAE restaurants.

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Cut Labor Cost in One Easy Step

The Restaurant Expert

You must, and I mean MUST, audit your timekeeping in your restaurant point of sale (POS) system. This audit will cut labor cost. If you want to cut labor cost, there is one place you can look right now. Check your employees’ pay rates in your POS system. When was the last time you did that? Never? Watch this video or read below to learn what I’m talking about and why it’s important if you want to cut labor cost. Time equals money! Want to cut labor cost?

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New PPP Loan Insurance Covers Food Service Establishments if the SBA Later Finds They Were Ineligible for the PPP Loan Program

Modern Restaurant Management

What most recipients don’t realize, though, is that the SBA has a six-year window in which to audit a PPP loan recipient’s initial application for the loan. The SBA has said that it will audit PPP recipients to ensure these three requirements were met.

Guest Blog: Tax Strategies as You Reopen Your Restaurant

Restaurant365

CLA exists to create opportunities for our clients, our people, and our communities through our industry-focused wealth advisory, outsourcing, audit, tax, and consulting services. She also had a stint in public accounting at PwC in both audit and international SEC practices.

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149 – Restaurant Value Engineering

Marketing4Restaurants

Then check out our free restaurant website audits to see what you can do to get everyone’s attention. Fill out the form below for your free website audit. This is the fourth episode in our Restaurant Value Engineering podcast series.

6 Secrets To Ace Restaurant Health Inspections

The Restaurant Times

The first inspection involves an audit process and followed by the physical inspection of the restaurant premises where the food is prepared. Auditing processes ensure that safety standards are met in the procurement of ingredients and preparation of food.

145 – 2021 Restaurant Trends – Food, Marketing and Business

Marketing4Restaurants

Make the most out of our Free Restaurant Website Audits to improve your website, avoid faulty practices, and attract more online sales. This is Part 3 of our Resto Trends 2021 series. Check out the previous episodes here: Episode 143- Restaurant Trends for 2021.

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Want to Quickly Reduce Your Liquor Inventory Losses? Focus on Your Backdoor

Bar and Restaurant Coach

Don’t write over any of the data on the invoice—it really interferes with the audit process later. Often when we think of liquor inventory control, our minds go to behind the bar. To take it one step further, the default-mode for most bar and restaurant operators is to attribute inventory loss to staff. If we’re not careful, we can wrongly place blame on our team members for over-pouring select guests, comping too many drinks, broken bottles, or outright theft.

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