Remove Audits Remove Document Remove Tip Distribution Remove Training
article thumbnail

Ultimate Restaurant Payroll Guide 2023

7 Shifts

For restaurants, payroll includes hour wages as well as tips, which must be taken into account. Doing payroll," or “running payroll,” encompasses the following: Calculating how much money (including tips) your business owes employees and contractors during a specific pay period. Updating your payroll records in case of an audit.

2023 195
article thumbnail

Restaurant Accounting: The Ultimate Guide

Xtra Chef

A restaurant accountant’s responsibilities typically include the following tasks: Recording transactions in the general ledger —the master document for capturing financial transactions. Tip Handling. Restaurants choose or are held to different methods of tip handling. Analyzing ledger and journal entries. Accounts Payable (i.e.

article thumbnail

EZ PPP Forgiveness App and Yelp’s New COVID Help

Modern Restaurant Management

The EZ application requires fewer calculations and less documentation for eligible borrowers. ” Features include: Ingredient Price Tracker — Monitor item price fluctuations to audit and avoid vendor discrepancies. Document Management & Search — Easily store, search, and access invoices from anywhere.