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The Advantages of Connecting Your Restaurant Group’s Payroll and Accounting Systems

Restaurant365

However, the more separate systems you’re using in your restaurant management ecosystem, the more opportunities there are for issues. A period with seven weekend days, as opposed to one with nine, will likely generate much different sales and expense levels. At the core, restaurant payroll is an accounting function.

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Essentials of Payroll Accounting for Restaurant Groups, Part 2

Restaurant365

For many restaurants, the weekend provides significantly higher sales levels than a weekday. 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. Understanding payroll regulations.

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The Ultimate Guide to Restaurant Inventory Management

Xtra Chef

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. Table of Contents.

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5 Top MarketMan Competitors and Alternatives (Compared)

Apicbase

The right restaurant management software significantly enhances efficiency and control of operating costs. Finally, we will explore the best alternatives to MarketMan, helping you decide which restaurant inventory management platform aligns best with your needs. It helps you track waste and theft to better control running costs.

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Refine Your Restaurant Chart of Accounts with These Expert Insights

Xtra Chef

With an accounting degree and 8 years of General Manager experience at the height of Austin’s restaurant boom, Stubbs started approaching young restaurants to offer a hand with their books in 2011. Consider this: you make a $20 sale for a to-go order at your restaurant. Your CoA is set up to code all sales the same way.

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The Difference Between Bookkeeping and Accounting Software

Restaurant365

However, at some point, you may question whether it is time to purchase restaurant accounting software to get you out of the office and back to concentrating on good food and great service. 6 signs it’s time to take the leap from bookkeeping to accounting software. As a restaurant operator, you are the backbone of the restaurant.

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What the Heck Are General Ledger Codes, Anyway?

Xtra Chef

But those of you who operate small businesses or aren’t directly managing your restaurant’s finances may find yourself thinking, “What the heck is a General Ledger code, anyway?”. To begin with the basics, a General Ledger is used as the source of truth for all points of accounting. This is where GL codes come into play.