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Beginner’s Guide to Accounts Payable for Restaurants

ChowNow

Ensuring proper documentation of all AP transactions makes it easier to manage audits and stay compliant with regulations. It’s equally important to educate yourself and your staff on the financial technology in use, like ERPs, AP tools, and your online ordering software.

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[Guide] How to Implement Digital Tip Payouts at your Restaurant

7 Shifts

Reporting and tracking: These capabilities allow managers to analyze tip distributions, identify trends, and generate comprehensive reports for internal auditing and tax purposes—all without having to make their own spreadsheets. Example: Regular monitoring and auditing of the digital tip payouts will be conducted.

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What’s Next?: MRM Restaurant Survival Guide Updates

Modern Restaurant Management

The National Restaurant Association Educational Foundation has launched the Restaurant Employee Relief Fund to support U.S. Checklist app automates daily food safety and operational task management as well as regular maintenance and audit procedures. restaurant employees financially impacted by the coronavirus crisis. ” The BOHA!

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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. State-level interest in increased audits stems from a couple areas.

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The Difference Between Bookkeeping and Accounting Software

Restaurant365

However, some bookkeepers may not have the education required to handle these tasks, but this is possible because most accounting software automates reports and memorizes transactions making transaction classification easier. Auditing issues are becoming a burden due to inconsistencies from data collected by managers.

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The Food Corridor is hiring a Client Success Manager for a full-time, fully remote position

The Food Corridor

Conduct demos of the platform with prospective TFC kitchen clients as needed. Evaluate, create, and implement tactics for customer retention, such as monthly audits of change in client behavior, scheduled client check-ins at regular increments, and formal requests for feedback. Continuing education stipend. Engaged co-workers.

Hiring 76
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15 Tips for Reducing Restaurant Food Waste

Restaurant365

Start by auditing your food waste. Educate your staff on reducing food waste. Ask for a free demo of Restaurant365 today. A report studying 114 restaurants across 12 countries found that the average restaurant saved $7 for every $1 invested in reducing kitchen food waste. Here are 15 practical tips.

Waste 78