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

Restaurant365

Full integration between your payroll software, accounting system, and point-of -sale (POS) system can help eliminate this manual import and offer substantial time savings. If you have full POS integration with your accounting software, you can seamlessly transfer detailed labor data. Ask for a demo of Restaurant365.

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Simplify Restaurant Accounts Payable with Automation

Restaurant365

AP automation provides you with an audit trail showing every step in the process and allows you to quickly correct problems. R365 is integrated with your POS system, as well as with your vendors and bank, facilitating automated accounts payable and bank reconciliation. Request a demo of Restaurant365 today.

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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

They can even be easily fed information from your POS machines to help you make sense of all that data you are collecting. Auditing issues are becoming a burden due to inconsistencies from data collected by managers. Schedule a free demo of Restaurant365 today.

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How to Successfully Automate Accounts Payable for your Restaurant

Restaurant365

All approval process workflows are accessible through a centralized email or dashboard, and an audit log tracks all decisions. AP automation includes an audit trail, showing you every step of human intervention in invoices company-wide. For more information, schedule a free demo today. Step 3: Pay.

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Intercompany Accounting Best Practices for Restaurant Businesses

Restaurant365

AP automation includes an audit trail, showing you every step of human intervention in invoices company wide. You can also aggregate labor data from the POS system, allowing you to compare scheduled to actual numbers, get a payroll accrual journal entry, and compare daily P&Ls in relation to labor costs.