Paper Chase Accountancy

JULY 24, 2025

These books aid in tracking sales, managing payroll, and handling expenses accurately. Why Restaurant Accounting Books Are Essential in Daily Operations While it may not be immediately apparent, restaurant accounting books play a crucial role in daily operations, serving as an indispensable tool in the effective management of finances.

Book

Paper Chase Accountancy

MAY 21, 2025

They require specialized support that understands the intricacies of fluctuating revenues, high labor costs, and complex inventory management. This volatility makes accurate forecasting and consistent cash flow management incredibly challenging.

Hospitality

Paper Chase Accountancy

MAY 30, 2025

This fundamental discipline, when expertly managed, ensures the financial health of restaurants and hotels, enabling them to thrive even in challenging market conditions. This specialized area of accounting involves managing the financial transactions and obligations of hospitality businesses, such as NYC restaurants and hotels.

Hotels

Paper Chase Accountancy

JUNE 12, 2025

The use of advanced technologies like AI and machine learning in financial management can unlock growth by providing real-time insights for decision-making. These hospitality finance solutions assist in tracking revenue, managing expenses, and ensuring compliance with industry regulations. Learn more about our Accounting Services !

Hotels

Paper Chase Accountancy

JULY 7, 2025

Consider a bustling restaurant, ‘Culinary Delights’, that, despite its popularity, had to shut its doors due to poor financial management. Key Takeaways The right bookkeeping service optimizes financial management, potentially increasing annual profits by 20% in restaurants. Let’s dive into this critical discussion.

Cash Management

Paper Chase Accountancy

JULY 21, 2025

These specialized accounting methods can simplify financial management in hospitality businesses, from small cafes to large resort chains. Key Takeaways Hospitality accounting solutions streamline financial management and ensure regulatory compliance, vital for growth in the industry.

Hospitality

Paper Chase Accountancy

JULY 25, 2025

Key Takeaways London’s bookkeeping services provide industry-specific expertise crucial for financial management in hospitality businesses. Restaurant accountants London who can manage complex hospitality finances. They’ll manage all the complex financial compliance issues, freeing you to focus on your restaurant.

Hospitality

SpotOn

JULY 15, 2025

  Build useful life skills: Bartending gives you valuable soft skills, like knowing how to multitask under pressure, handling conflict, and reading people, that will serve you well long after you stop bartending.  The cons: Like all jobs, serving people alcoholic beverages night after night has its downsides.

Front of House

Paper Chase Accountancy

AUGUST 5, 2025

Just as a master chef stirs the perfect blend of spices into a dish, so too must restaurant owners in Los Angeles blend their passion for food with a keen understanding of financial management. Key Takeaways Los Angeles bookkeeping services specialize in managing restaurant finances, aiding in audit readiness and cash flow management.

Hospitality

Paper Chase Accountancy

JULY 18, 2025

It’s worth noting that roughly 30% of small businesses in Los Angeles fail due to poor financial management. Accurate bookkeeping enhances decision-making, ensures compliance, improves financial management, and helps detect irregularities, thereby preventing fraud. Learn more about our Accounting Services !

Management

Modern Restaurant Management

AUGUST 27, 2024

By the time you manage inventory, staffing, customer demand and narrow profit margins, the last thing you want to think about is the IRS. 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.

Audits

7 Shifts

JUNE 29, 2022

They employ thousands of people and have served billions, and with so many people affected, it's understandable why there are franchise-specific laws and regulations in place. A consistent menu ensures standard serving across locations. Proper Team and Labor Management Tools. Location Audits. Menu Consistency.

Franchising

Culinary Cues

DECEMBER 30, 2019

In all cases they begin with the same goals: prepare and serve great products that are consistent and offered with a smile, build success on a steady flow of sales and controlled profitability, and do all of this with pride. Ignore them and they will find someone else to pay attention. [] CONFUSING LEADERSHIP AND MANAGEMENT.

Cash Management

Modern Restaurant Management

JANUARY 8, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

2024

Modern Restaurant Management

MARCH 11, 2020

US Foods Holding Corp.entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management, Inc. NYSE: APO) (the “Apollo Funds”) for $970 million in cash. It can be served with signature dips or used as a slider bun for a sandwich.

Bar

Modern Restaurant Management

DECEMBER 16, 2021

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their views on trends. With more options to work outside of the hospitality industry, operators must offer employees more scheduling flexibility, facilitate transparent communication between management and team members, and avoid overworking staff.

2022

Modern Restaurant Management

AUGUST 19, 2020

Modern Restaurat Management (MRM) magazine is collaborating with the team at MarketScale on The Main Course , a podcast that aims to explore the intense and competitive modern restaurant industry. "We Barbara Castiglia , MODERATOR – Modern Restaurant Management. The Main Course. Space is limited, so click here to register.

Kitchen Safety

Modern Restaurant Management

APRIL 2, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. The Foundation will administer the grants, offered on a first-come, first-served basis. makes it easy for guests to support local restaurants. .

Employee Relations

7 Shifts

SEPTEMBER 6, 2024

Labor While COGS typically refers to the cost of food, beverage costs, and other ingredients, labor also plays a crucial role in determining the overall cost of preparing and serving meals. Efficiently managing labor can help you keep your restaurant COGS under control. For instance, if your restaurant spends $0.50

2024

7 Shifts

MAY 1, 2024

Table of Contents 5 easy steps to simplify bookkeeping in the restaurant industry Essential accounting and bookkeeping reports for restaurant owners and managers Identifying and reducing controllable costs in the restaurant business Should I outsource restaurant bookkeeping or do it myself?

Cash Management

7 Shifts

SEPTEMBER 19, 2022

What about managers? Track and manage employee workload. What about managers? Managers fared a bit better than hourly employees—with a turnover rate of 28%. Among the over 25 sets, manager recognition (or lack thereof) was one of the top three reasons they left restaurant jobs. Back-of-House and Front-of-House.

Front of House

Modern Restaurant Management

FEBRUARY 19, 2020

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. Most recently, Allen served as Chief Executive Officer of Boston Market, where she implemented a multi-faceted transformation plan setting up the brand for future growth.

Franchising

Crunchtime

FEBRUARY 7, 2024

Historically, operators have relied on paper checklists and field management teams to roll out and enforce their standard restaurant operating procedures and as part of their retail operations management. Standard restaurant operating procedures help staff and leadership do their jobs better and ultimately, make customers happier.

Operations

Xtra Chef

DECEMBER 11, 2019

Whether you are an executive chef, a seasoned restaurant finance executive, or an owner/operator who manages your own books, speaking the language of restaurant accounting will help keep all financial stakeholders on the same page. In Part 2, we’ll help you decide how best to manage accounting at your restaurant. Inventory Management.

Cash Management

Lavu

JANUARY 21, 2020

While it may be exciting to own a restaurant and serve your customers, some vital tasks like doing accounts may be quite challenging. Once integrated into the back-of-house system, accounting software automatically pools cash and sales data from the POS system onto the reporting module or Daily Sales balancing for reconciliation.

Audits

Xtra Chef

OCTOBER 28, 2020

Restaurant inventory management is not the most enjoyable restaurant task. Inventory management is a cost management strategy that influences your restaurant food costs , revenue, profitability, and cash flow. Of course, there’s much more to inventory management than maintaining stock levels.

Inventory

Lavu

MARCH 11, 2020

Understanding Restaurant Management Software. Among the technology offered today is restaurant management software. . If you’re in the beginning stages of looking for a restaurant management system , you might have multiple questions or concerns. Why do you need restaurant management software?

Management

Rocket Fuel

JULY 12, 2022

Managing any business requires some number crunching, but when it comes to tracking profits, few businesses are as complex as restaurants. ” Other restaurant owners may utilize software to manage data from their stores, and that software should be able to create P&L statements on its own.

Cash Management

BNG Point of Sale

SEPTEMBER 2, 2021

In this post, we will explore what an ideal restaurant food margin is and how to calculate it so that you can have an easier time managing your business and know exactly where you stand financially. . The margin varies depending on several distinct factors, such as location and type of cuisine served. . Spend Less Money On Food .

Food Truck

Apicbase

APRIL 20, 2022

Audited financial statements can reassure potential business owners and investors. You will also need to estimate the expected growth rate for at least the first year of the franchise business, calculate the restaurant cash flow, and determine the payback period (the time it will take to cover the capital expenditure). The solution.

Franchising

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

Email Marketing

SpotOn

FEBRUARY 26, 2024

There’s nothing more off-putting than being served by a member of retail staff who obviously has no idea what they’re selling and who has to keep checking product info for the answers to customer queries. Managing remote businesses adds an additional layer of complexity to retail recruitment.

Recruiting

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

Email Marketing

Modern Restaurant Management

JUNE 19, 2020

” “The addition of SuperFi enables us to extend our reach and better serve our customers, while complementing our strategy that is focused on innovation and expansion,” said Robin Johnston, COO of Bloom Intelligence. Document Management & Search — Easily store, search, and access invoices from anywhere.

Food Safety

EATER

OCTOBER 13, 2020

Despite its issues-driven programming, the foundation’s Restaurant and Chef Awards have become both its crown jewel and cash cow. He was caught embezzling foundation funds, pled guilty to larceny, and served time in federal prison. Like all committee members, judges serve voluntarily and are not paid. Pickell Jr.

Social Media

Clover - Restaurants

MAY 3, 2024

City and state health departments monitor local restaurants to ensure they’re following food safety management program guidelines. Additionally, in order for restaurant leaders to operate as a certified safe food handler , such as managers and chefs, they must pass assessments related to food safety and risks like foodborne illnesses.

Kitchen Safety