Restaurant365
DECEMBER 10, 2021
A period with seven weekend days, as opposed to one with nine, will likely generate much different sales and expense levels. For instance, if you run payroll weekly or bi-weekly, a four-week accounting period allows you to align labor costs with sales, informing accurate, useful labor cost calculations.
Restaurant365
NOVEMBER 30, 2021
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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Xtra Chef
AUGUST 26, 2020
But a more detailed CoA can help restaurants tell their story through data, stay audit-ready, and easily uncover inefficiencies that are costing the business money. 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. Keep reading for his insight!
ChowNow
DECEMBER 3, 2021
In addition to considering new photos, audit your website to see what else might be due for an update. Now restaurants don’t need their own delivery drivers or a third party in order to get their food from point A to point B. There you have it — there are so many ways to boost your brand and sales in the new year.
Restaurant365
MARCH 30, 2022
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.
Xtra Chef
JULY 22, 2020
To begin with the basics, a General Ledger is used as the source of truth for all points of accounting. In restaurants or restaurant groups, the General Ledger would include things like vendor purchases, labor expenses, and daily sales. It tracks every transaction made during the lifespan of a company.
Restaurant365
SEPTEMBER 30, 2019
All approval process workflows are accessible through a centralized email or dashboard, and an audit log tracks all decisions. Accounts payable, step-by-step. Accounts payable automation helps restaurants track accounts payable activity and is usually comprised of three steps: Step 1: Capture. Step 3: Pay.
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