Restaurant365

DECEMBER 17, 2020

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.

Audits 78

Audits Document 2020 Delivery 78

Restaurant365

JULY 14, 2021

Start by auditing your food waste. While food waste reduction is extremely beneficial in the long-term, it requires some additional work to properly store, monitor, and use inventory ingredients. A slimmer menu can help facilitate a more streamlined inventory. Count your inventory regularly. Here are 15 practical tips.

Waste 78

Waste Compost Food Inventory 78

Xtra Chef

JULY 22, 2020

GL codes are usually kept as broad as possible to keep the General Ledger “clean,” or neatly organized and audit-ready. Why General Ledger codes are important for restaurants. GL codes offer a layer of specificity that’s important for both the finance and ops sides of the restaurant business. Are you ready to join them?

Point of Sale 78

Point of Sale Audits Food Order Demo 78

Xtra Chef

MAY 13, 2020

This makes reconciliation and audits easier than ever to navigate. We offer apps on both the App Store and Google Play so you don’t need to be tethered to the restaurant to reconcile invoices, review inventory, or manage recipes. You can then easily access, evaluate, and share expense information across your team and locations.

Front of House 79

Front of House Back of House FOH BOH 79

Restaurant365

AUGUST 12, 2021

Add in all of the invoices, orders, and inventory you are tracking. You can end up with issues like managers overspending on labor or inventory over an extended period, requiring you to make major, rapid adjustments at the end of the period to meet targets. Schedule a free demo of Restaurant365 today.

Leadership 78

Leadership Inventory Hiring Point of Sale 78

Xtra Chef

DECEMBER 11, 2019

Inventory Management. Like most businesses, restaurants must manage an inventory of raw materials that will be converted into a final product that is sold to customers. Inventory Management allows you to account for and carefully manage the value of these raw materials on your balance sheet to minimize the cost of goods sold.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Apicbase

APRIL 20, 2022

Audited financial statements can reassure potential business owners and investors. Data sharing via API ensures that all tech within the restaurant ecosystem is using the same numbers for sales, labour and inventory. Also, monitor no-so-obvious KPIs such as food cost variance , inventory turnover and food waste.

Franchise 52

Franchise Franchising Cash Management Kitchen Safety 52

Restaurant365

JULY 17, 2020

AP automation includes an audit trail, showing you every step of human intervention in invoices company wide. In these tech stacks, accounting software is disconnected from the scheduling, inventory, and sales reporting software. If you’d like to learn more about Restaurant365, request a free demo.

Point of Sale 78

Point of Sale Consumer Goods POS Front of House 78

Apicbase

MAY 18, 2022

Besides cost estimates, audited financial statements and projections should be included, like: the expected growth rate for (at least) the first year; the estimated restaurant cash flow; the expected payback period. Schedule your free demo today!

Franchise 52

Franchise Franchising Sustainability Document 52