Paper Chase Accountancy

JULY 2, 2025

This blog offers a comprehensive checklist of monthly restaurant accounting activities, invaluable tax preparation advice, and expert tips to streamline your reporting with the indispensable support of bookkeeping and accounting services. Professional tips for hospitality accounting that directly contribute to sustained business growth.

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Cash Management Tip Distribution Point of Sale POS 93

Paper Chase Accountancy

MAY 22, 2025

Effective management of payroll, tips, and labor costs contributes significantly to cost optimization in the restaurant industry. Hospitality Accounting Solutions : Cost accounting offers restaurant-specific tips and solutions, unlike general accounting. With these steps, restaurants can manage their finances effectively.

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Cash Management Franchise Franchising Tip Distribution 52

Paper Chase Accountancy

JUNE 2, 2025

Is it not a paradox that in the bustling world of restaurants, where every cent counts, the handling of tips often falls through the cracks? While a seemingly small detail, the proper management of tips can significantly impact a restaurant’s financial health and its employees’ satisfaction.

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Tip Distribution Audits Cash Management Restaurant Law 52

Paper Chase Accountancy

MAY 21, 2025

High Labor Costs: Staffing, often a significant portion of operational expenses, involves complex payroll structures, tip reporting, overtime, and benefits, all requiring meticulous tracking. Tip Management and Reporting: Ensuring accurate calculation, distribution, and reporting of tips for compliance and employee satisfaction.

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Hospitality Sustainability Cash Management Hotels 52

Modern Restaurant Management

JANUARY 8, 2024

Systems and tools are now adept at handling segmentation and distribution, powered by a richer pool of 1P and 0P data. Tip payouts and tips management will move faster in the restaurant space than EWA in other verticals. ’ and ‘What insights can I give them that they can’t access at the tip of their fingers?’

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2024 Loyalty Program Cash Management Customer Experience 539

7 Shifts

AUGUST 18, 2024

Cost of goods sold is the raw material cost of your beverages and food, and labor cost includes actual labor, employee benefits, payroll taxes, healthcare, and bonuses. Audit and Improve Processes Analyze all processes such as inventory management and time clocking to see if you can make improvements to boost efficiency.

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Xtra Chef

DECEMBER 11, 2019

Tip Handling. Restaurants choose or are held to different methods of tip handling. Whether it’s pooling, mandatory or not, split, or tips by paycheck vs. cash tips—it can be tricky keeping your employees happy while maintaining an accurate balance sheet and payroll taxes. Offering financial insights and advice.

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