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Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping

7 Shifts

For instance, you can record your food and beverage sales separately. They speed up your vouching process and help clear up any inconsistencies that could arise during the auditing process. Your aim is to keep your labor + food + beverage expenses at approximately 60% to 65% of the total sales.

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The Top Five Startup Costs Restaurant Owners Need to Know

Modern Restaurant Management

Remember that it can also be expensive to hire and train new employees. 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. You also need to contact the Alcoholic Beverage Control board for your liquid license.

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What Are Standard Operating Procedures in Restaurants?

Crunchtime

Inventory audit: different products and items run out of stock more quickly than others; standardizing the expectations for when and how frequently each product should be prepared or restocked. Or if an employee says that the beverages have not been restocked, automatically assign them a task to restock it by a certain time.

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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. No matter what laws your restaurant group falls under, it is beneficial to prioritize recordkeeping and audit trails to demonstrate compliance with labor and pay regulations. Conclusion. Ask for a demo of Restaurant365.

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How to Buy a Restaurant: An Ultimate Guide

7 Shifts

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. Have there been any tax audits in the past three to five years? What staff will remain and who needs to be hired?

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Top Restaurant Tech Trends in 2024

Chowly

An impressive 88% of operators plan to hire, highlighting the industry’s commitment to growth. A substantial 9 in 10 consumers enjoy discovering new dishes and beverages at restaurants, emphasizing the pivotal role of innovation. With expectations for one million outlets and a workforce of 15.7

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James Beard Employees Demand More Diversity in Leadership, Salary Transparency in Internal Letter

EATER

To create equity and transparency surrounding salaries, the employees ask that salary ranges be provided for all new hires, and that no current staff or incoming hires make less than $50,000 a year. The Foundation is also in the process of hiring for a Human Resources position. “I