Paper Chase Accountancy

MAY 30, 2025

A single percentage point difference in food costs or labor can be the difference between profit and loss. IRS Audits: Inaccurate or incomplete records can trigger costly and time-consuming IRS audits, leading to significant penalties and fines. This provides a crucial insight into food and beverage costs relative to sales.

Bar

Paper Chase Accountancy

MAY 21, 2025

Complex Tax Regulations: The industry faces specific tax considerations related to food and beverage sales, lodging taxes, and tip income, demanding expert knowledge for compliance. Inventory Control and Valuation: Implementing robust systems for tracking food, beverage, and other supplies to minimize waste and optimize ordering.

Hospitality

Paper Chase Accountancy

MAY 30, 2025

Inconsistencies or errors can lead to audits. Scope of Operations : Hotels have a broader operational scope, encompassing rooms, food and beverage, and other services, making their bookkeeping more complex. Restaurants primarily focus on food and beverage sales, simplifying their accounting process.

Hotels

Paper Chase Accountancy

JULY 3, 2025

Unlike general business accounting, restaurant bookkeeping services need to account for elements like fluctuating food costs, labor issues, and seasonality. Revenue Management : Hospitality accounting involves tracking multiple revenue streams, such as rooms, food, and beverage sales.

Hotels

SpotOn

JULY 15, 2025

You’ll need to memorize dozens of cocktails, beer and wine lists, happy hour rules, and, more often than not, entire food menus. The cons: Like all jobs, serving people alcoholic beverages night after night has its downsides.   It is the fastest way to learn how to bartend. 

Front of House

Modern Restaurant Management

AUGUST 27, 2024

Restaurants, like other cash-intensive businesses, are a frequently targeted for audits by the IRS. By keeping accurate and complete records, you can reduce the length and pain of an audit. Once you are under audit, you may no longer remember some of the day-to-day details from a particular year, especially if it was six years ago.

Audits

Modern Restaurant Management

SEPTEMBER 22, 2021

Make sure you do a projection and daily audit to ensure your payroll costs are commensurate with your current revenue. Food and Beverage Inventory and Paper Supplies. Similar to your payroll expenses, your food and beverage expenses are going to vary depending on the type of restaurant you run.

License

Modern Restaurant Management

JULY 17, 2023

When restaurants, food businesses, and other organizations become ISO certified, they’re showing that they: Prioritize safety, quality, and compliance, following strict guidelines to ensure safe, high-quality foods. Food safety training must be a priority for all employees on an ongoing basis. Meet consumer demand.

Innovation

Modern Restaurant Management

DECEMBER 16, 2021

Our restaurant of the future is designed to benefit guests, employees and franchisees, with a new external design and a reimagined kitchen that will make it easier for us to serve hot, delicious food quickly for frictionless guest experiences, and we expect to see a lot more of that next year. Clinton Anderson, CEO, Fourth Enterprises.

2022

7 Shifts

SEPTEMBER 6, 2024

The cost of goods sold (COGS) is a restaurant metric that shows you the cost of all ingredients used to prepare a menu item, including the food, beverage costs, and other direct expenses. The prices of ingredients can fluctuate due to several factors, including seasonality, supply chain disruptions, and changes in demand.

2024

Modern Restaurant Management

JULY 1, 2020

There has also been an increase in review content for Black-owned restaurants and food businesses (up 9X) and nightlife (up 13X). shows that consumers feel safer when hotels and restaurants raise their cleaning protocols to include hospital-grade disinfectants and third-party audits.

2020

7 Shifts

FEBRUARY 12, 2021

Find out the true costs Understanding the businesses food and labor costs, monthly overhead, and a clear picture of the business cash flow. A complete picture of both fixed and variable costs include labor, food and beverage, utilities, linens, equipment, supplies, technology, and even things like music licensing.

License

7 Shifts

AUGUST 18, 2024

Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. Whether it’s food cost increases due to inflation or a labor cost rise due to rising minimum wage, cost increases, like taxes, are pretty much a guarantee in the restaurant industry.

License

Modern Restaurant Management

JANUARY 8, 2024

– Lars Kristiansen , VP Food and Beverage of Oasis Marinas Next year, although getting better, I anticipate continued labor shortages to persist, impacting management, the kitchen and front of house. million jobs in the food industry by 2024. In regards to jobs, it is projected that there will be 15.5

2024

Modern Restaurant Management

AUGUST 19, 2020

US Foods Ghost Kitchens. US Foods Holding Corp. launched US Foods Ghost Kitchens, a program designed to guide restaurant operators every step of the way when opening their own operation, helping them easily add a new revenue stream. Diversified Foodservice Reorganizes Portfolio. Keith Kelly will serve as president of TundraFMP.

Kitchen Safety

Hot Schedules

OCTOBER 5, 2021

Make Sure Your Food Suppliers are Grade-A. F ood and beverage suppliers play a key role in the success of your restaurant. Like any new relationship, the beginning can be harmonious and productive, but it takes constant effort to ensure your food and beverage suppliers remain Grade-A. Is it a Win-Win? Computer Rocket.

Food Supply

Modern Restaurant Management

MAY 7, 2021

. “After almost four decades of learning and growing, our company has decided it’s time to go back to what first brought people to our brand – and that includes offering bolder-than-ever Tex-Mex food and pulling together design elements that are inspired by On The Border’s legacy.

Franchising

Perfect Daily Grind

AUGUST 21, 2022

There are a number of sustainability issues across the entire coffee supply chain , but none have quite received the same level of attention as single-use cups. A 2017 report from the UK’s House of Commons Environmental Audit Committee found that only one in 400 single-use cups are properly recycled in the UK.

Waste

7 Shifts

FEBRUARY 12, 2021

Find out the true costs Understanding the businesses food and labor costs, monthly overhead, and a clear picture of the business cash flow. A complete picture of both fixed and variable costs include labor, food and beverage, utilities, linens, equipment, supplies, technology, and even things like music licensing.

License

Tableo

JULY 18, 2023

Restaurant inventory management is a process for identifying more cost-effective food, beverage and supply orders while keeping track of the materials and supplies you have on hand for shifts. Use inventory management software to track inventory levels and provide reports.

Inventory

Apicbase

AUGUST 29, 2024

For multi-site food and beverage businesses, maintaining operational excellence across all locations can be daunting. What Is Food and Beverage Management? Food and beverage management, often abbreviated as F&B management, involves overseeing the operations of establishments that serve food and drinks.

Beverage

Modern Restaurant Management

FEBRUARY 19, 2020

Checkers & Rally’s will continue its tradition of putting the customer first and serving its communities by delivering high quality, craveable food at exceptional values. She first served as senior internal audit analyst at Yum! The food is crave-able, and you can only get it at GFG.” She also worked in Yum!

Franchising

Perfect Daily Grind

OCTOBER 1, 2022

The online event will explore the challenges that farmers and their communities face, as well as OOH coffee operators, and expand on how Nescafé provides support to these supply chain actors. Speakers will include Head of Beverages at Nestlé Professional, Patrick Stern, and Relationship Manager at Perfect Daily Grind, Nicholas Yamada.

2022

Harbor Touch

APRIL 17, 2018

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. It can be included in the cost of food or recorded separately. Mileage Deductions. Employee Meals. Keep Proper Records. Explore Business Tax Credit.

Employee Relations

Restaurant365

APRIL 14, 2020

Successful restaurant operations, in any kind of economy, depend on well-managed restaurant food inventory. Much of the typical food and beverage inventory in restaurants tends to have a relatively short shelf life, making accurate inventory numbers essential to run a functioning kitchen, make economical orders, and adapt to long-term trends.

Inventory

Lavu

FEBRUARY 2, 2024

In the face of a staggering global issue, restaurants must proactively avoid food waste. billion tons of food are wasted annually across the globe. Restaurants, a big part of this challenge, can substantially impact by adopting sustainable practices and reducing their contribution to food waste.

Waste

Harbor Touch

MARCH 18, 2025

Ive seen audits flag too-generous pay compared to industry norms. Mileage: Drive Off Some Taxes Delivering food or catering events? Employee Meals: Free Food, Free Savings Feeding staff on-site? Its 100% if part of food costs, non-taxable to them. Keep it separate or bundled with food costs. Keep it reasonable.

Point of Sale

Harbor Touch

MARCH 18, 2025

Ive seen audits flag too-generous pay compared to industry norms. Mileage: Drive Off Some Taxes Delivering food or catering events? Employee Meals: Free Food, Free Savings Feeding staff on-site? Its 100% if part of food costs, non-taxable to them. Keep it separate or bundled with food costs. Keep it reasonable.

Point of Sale

The Restaurant Times

AUGUST 25, 2022

The brand is known for serving a diverse range of sumptuous chocolate desserts and beverages with a live kitchen experience. . My passion for food took over what I had studied and I opened the first outlet of The Chocolate Room in Ahmedabad, Gujarat. When we started out, it was all about just desserts and beverages.

Franchising

Open for Business

SEPTEMBER 2, 2024

Running a successful restaurant involves more than just serving great food. It’s helpful for understanding your restaurant profitability, and there are two main types you need to consider: Gross profit margin measures profit from food and beverage sales before accounting for operating expenses.

Point of Sale

Xtra Chef

DECEMBER 11, 2019

This action could involve reducing your monthly expenses—maybe by finding a new food supplier—increasing sales through a special promotion, or finding external financing for a cash injection. In a restaurant, prime costs represent the costs to produce and serve your product, e.g., food and labor costs. Improve budgeting.

Cash Management

Notch

JANUARY 23, 2019

Alcoholic beverages average out around 20%. For example, fast-food margins can be much higher than full-service restaurants. You can find the cheapest place to purchase food—but you can’t control the weather conditions, or gas prices that may cause food prices to rise. Create a culture in which food waste is unacceptable.

Email Marketing

Notch

JANUARY 23, 2019

Alcoholic beverages average out around 20%. For example, fast-food margins can be much higher than full-service restaurants. You can find the cheapest place to purchase food—but you can’t control the weather conditions, or gas prices that may cause food prices to rise. Create a culture in which food waste is unacceptable.

Email Marketing

Modern Restaurant Management

FEBRUARY 14, 2023

Fewer employees have carried the burden of prepping, cooking, and serving food while working to keep guests safe. The CDC estimates that, each year, 48 million ( one in six ) Americans get sick from contaminated food or beverages, a problem that costs more than $15.6 Ensure safety all along the supply chain.

Food Safety

Modern Restaurant Management

SEPTEMBER 14, 2021

He started his career with Hardee’s Food Systems in 1983 ending in the position of District Manager. Paul Soulliere began his career with Hardee's Food Systems in 1978 and worked his way up as Crew Supervisor, Assistant Manager, and Restaurant Manager. Bill is a 1982 graduate of Michigan State University.

Food

The Restaurant Times

JANUARY 14, 2022

Globally, food waste generates 4.4 This is one of the reasons why food waste has been gaining momentum over the past few years. In the US, food waste and related packaging account for almost 45% of the material that goes into landfills. ii) Food Service License. Food Handler’s Permit. Music Permit.

Waste

Clover - Restaurants

MAY 3, 2024

Recent surveys confirm the importance of cleaning and sanitizing in food industry establishments for building customer confidence and in influencing diner choice. City and state health departments monitor local restaurants to ensure they’re following food safety management program guidelines. An estimated 3,000 people in the U.S.

Kitchen Safety