Harbor Touch

MARCH 18, 2025

Equipment and Furniture: Deduct That Big Spend New ovens or tables can cost a chunk, often $5,000 or more. Accounting Tip: Log equipment purchases in your accounting software under equipment. Ive seen audits flag too-generous pay compared to industry norms. Mileage: Drive Off Some Taxes Delivering food or catering events?

Point of Sale

Modern Restaurant Management

JUNE 19, 2025

Restaurants – and their trading partners – can be impacted by recalls at any time, even if they adhere to the strictest food safety protocols. Pivot from Manual Systems to Automation Recently, cucumbers, sausage, baked goods, pork , and other foods were recalled. How are you tracking the products you receive? Communication.

Management

The Restaurant Group

FEBRUARY 23, 2025

Prioritizing it leads to: Lower food costs by minimizing spoilage and overordering. Cleaning and Maintenance Supplies Sanitizers, dish soap, gloves, and equipment cleaning solutions. Labeling and Categorizing Food Items for Easy Tracking: Label all items with names and expiration dates. Reduces food waste and saves money.

Inventory

Lavu

APRIL 17, 2025

From inefficient workflows to outdated equipment, energy-wasting mistakes in restaurants are more commonand costlythan most realize. Biggest Issues : Overused kitchen equipment, inefficient lighting, HVAC problems, and idle devices. Track inventory to reduce food waste and energy-intensive storage. The good news?

Waste

Lavu

MAY 2, 2025

Managing food allergies in a restaurant isn’t just about good service its a critical safety responsibility. A well-equipped POS system helps reduce human error, improve kitchen workflows, and build guest trust. This highlights how technology can improve safety in food service. These systems dont stop at visual alerts.

Allergens

Paper Chase Accountancy

JULY 2, 2025

The restaurant business is a dynamic, fast-paced world where passion for food and hospitality often takes center stage. Staying Compliant and Audit-Ready The IRS, state tax authorities, and even local health departments have stringent requirements for financial record-keeping in restaurants. Are you getting the best prices?

Cash Management

Lavu

JUNE 13, 2025

From planning the layout to managing food services and ensuring compliance, we’ll cover what it takes to launch a profitable, well-run cafeteria in 2025. By offering a range of healthy and diverse food options, employers can create a positive work environment that fosters employee well-being and satisfaction.

2025

Paper Chase Accountancy

JUNE 16, 2025

Monitoring cost ratios, RevPAR, and food cost percentage can provide insight into the financial health of the restaurant. These include cost ratios, revenue per available room (RevPAR), and food cost percentage. To effectively manage the prime cost ratio, consider these strategies: Regularly track food and beverage costs.

Hotels

Paper Chase Accountancy

JUNE 16, 2025

Monitoring cost ratios, RevPAR, and food cost percentage can provide insight into the financial health of the restaurant. These include cost ratios, revenue per available room (RevPAR), and food cost percentage. To effectively manage the prime cost ratio, consider these strategies: Regularly track food and beverage costs.

Hotels

Paper Chase Accountancy

JULY 25, 2025

Restaurants and Food Service: Including fine dining, fast casual, QSRs, cafes, and catering. Detailed Inventory Control: Especially for restaurants, managing perishable inventory (food and beverage) requires meticulous tracking to minimize waste, control COGS margin , and ensure profitability.

Hospitality

Lavu

MAY 2, 2025

Managing food allergens isnt just a best practiceits a legal and safety necessity for todays restaurants. With increasing awareness of food allergies, allergen management in POS systems has become essential to ensure customer safety and streamline kitchen operations. These checks help maintain compliance and protect customer safety.

Allergens

Paper Chase Accountancy

AUGUST 5, 2025

These innovations help restaurant accountants navigate the unique terrain of accounting for restaurants, from managing food costs to monitoring overheads. They’re not just crunching numbers; they understand the intricacies of restaurant operations, from food cost percentages to prime cost calculations.

Cash Management

Modern Restaurant Management

FEBRUARY 26, 2025

Not a good idea unless you want to take the chance of selling a product that is not food safe and being sued! Attend industry trade shows such as the Fancy Foods Show which is in both New York and Las Vegas and coves all food categories both National and International to discover what’s hot on the market and what is over saturated.

Retail

Paper Chase Accountancy

JUNE 16, 2025

These restaurant accountants, equipped with hospitality accounting solutions, can streamline restaurant financial services and provide a robust financial backbone. They understand the unique financial dynamics that govern the restaurant industry, from variable costs like food and labor to fixed costs like rent and utilities.

Cash Management

Paper Chase Accountancy

MAY 21, 2025

Complex Tax Regulations: The industry faces specific tax considerations related to food and beverage sales, lodging taxes, and tip income, demanding expert knowledge for compliance. Inventory Control and Valuation: Implementing robust systems for tracking food, beverage, and other supplies to minimize waste and optimize ordering.

Hospitality

Paper Chase Accountancy

JULY 10, 2025

Hospitality accounting has to deal with elements such as food cost accounting, labor cost accounting, and overhead cost accounting. First, they should regularly analyze food costs, ensuring they’re not overspending on ingredients. A restaurant accountant must navigate these intricacies with competence and precision.

Cash Management

Paper Chase Accountancy

MAY 20, 2025

Creating a Chart of Accounts for Restaurant Accounting After equipping your restaurant with the right bookkeeping tools, your next step involves establishing a comprehensive chart of accounts for your restaurant’s accounting system. Restaurants mainly rely on food and beverage sales, which simplifies their revenue tracking.

Cash Management

Modern Restaurant Management

FEBRUARY 3, 2025

Increased Workplace Audits : Immigration and Customs Enforcement (ICE) audits have become more frequent, leading to potential fines and disruptions. Legal Compliance – The risk of audits and penalties for non-compliance requires thorough documentation and adherence to employment laws.

Restaurant Law

Paper Chase Accountancy

MAY 30, 2025

Equipped with a restaurant tax NYC calculator , accountants can accurately compute tax liabilities, ensuring compliance and avoiding penalties. Inconsistencies or errors can lead to audits. Restaurants primarily focus on food and beverage sales, simplifying their accounting process.

Hotels

Chowly

MAY 21, 2025

With rising food costs, policy uncertainty, and tech fatigue top of mind, restaurants are looking for leaner, smarter, all-in-one platforms to drive resultswithout adding workload. Cost Cutting Is Priority #1 From food prices to labor, independent restaurant operators are under pressure to protect margins. Chicago, IL.

2025

Paper Chase Accountancy

JUNE 5, 2025

A restaurant accountant must navigate unique challenges inherent in accounting for restaurants, from fluctuating food costs to understanding the implications of seasonality. Bookkeeping for restaurants, on the other hand, demands a granular focus on food cost control and labor management, which is less emphasized in hotel accounting.

Hospitality

Paper Chase Accountancy

AUGUST 5, 2025

Just as a master chef stirs the perfect blend of spices into a dish, so too must restaurant owners in Los Angeles blend their passion for food with a keen understanding of financial management. Key Takeaways Los Angeles bookkeeping services specialize in managing restaurant finances, aiding in audit readiness and cash flow management.

Hospitality

Paper Chase Accountancy

JULY 18, 2025

Improper Deductions: Overlooking eligible expense deductions, or claiming those that aren’t justified, can trigger audits and penalties. Inadequate Record Keeping: Not maintaining accurate and comprehensive financial records makes it difficult to substantiate claims during an audit. This means you’re always audit-ready.

Management

Paper Chase Accountancy

AUGUST 11, 2025

Accounting for restaurants and bars involves unique challenges like tracking daily sales, cash flow management, and food cost control. They deal with food cost percentage, labor cost ratio, and other key restaurant-specific metrics. Similarly, bookkeeping for a restaurant or hotel demands in-depth knowledge of the industry.

Hospitality

Modern Restaurant Management

APRIL 3, 2023

Think of what your restaurant can accomplish with quality auditing. Audits can also help brands identify (and fix) areas of non-compliance, as well as spot (and address) potential threats. These significant benefits make it clear that regular quality auditing is a must for all restaurants. Luckily, the tide is turning.

Audits

Modern Restaurant Management

SEPTEMBER 15, 2021

Restaurants have traditionally relied on annual, biannual, or quarterly audits, where an inspector visits the facility and conducts an in-person assessment of health and safety protocols. Here’s some key information to know about remote audits: Remote Audits are Thorough and Comprehensive.

Audits

Modern Restaurant Management

JANUARY 27, 2022

However, the same challenges arise in ghost kitchens’ quality assurance and food safety protocols that plague the traditional restaurant kitchen. Food businesses should take a fresh look at some traditional kitchen challenges that may even be amplified in ghost kitchen settings: Be transparent. Audit differently.

Kitchen Safety

Modern Restaurant Management

AUGUST 16, 2024

The landscape of food safety is ever evolving with advancements in digital technology and new tools opening the door to a new era of higher operational efficiency and regulatory compliance. A reactive response to catering compliance due to such will no longer do.

Food Safety

Modern Restaurant Management

SEPTEMBER 8, 2023

Ensuring food safety is essential for restaurant brands and others within the food industry. A weak food safety culture can have severe consequences, including product recalls, foodborne illnesses, reputational damage, diminished customer loyalty, and financial losses.

Food Safety

Modern Restaurant Management

DECEMBER 27, 2022

As we close out 2022, food production is at risk. We’re still facing product shortages, exacerbated by ongoing supply chain interruptions and the Russian-Ukrainian war stalling food shipments – including 9.5 Inflation is causing food prices – and food insecurity – to soar. . Focus on Sustainable Food Production.

Food Safety

Modern Restaurant Management

MAY 14, 2021

million tons of food. According to the food waste hierarchy pyramid, source reduction is the ‘best case scenario’ when it comes to food waste. Fortunately, there are many ways to manage food waste once it has been generated as an alternative to sending it to a landfill. Food Donation.

Waste

Modern Restaurant Management

SEPTEMBER 22, 2022

We were ill-prepared for the COVID pandemic that devastated the food industry with supply chain disruptions, product and labor shortages, and soaring inflation. The biggest learning from COVID is that food businesses must be prepared for any crisis – and ensure their suppliers all along the supply chain are also prepared and resilient.

Food Supply

Modern Restaurant Management

AUGUST 29, 2022

Leveraging a physical-digital-physical framework ensures that restaurant management is maximizing their digital assets, human labor, and capital equipment investments. Many restaurant managers have already moved to digital food safety programs that give them visibility into the state of their assets across multiple locations.

Operations

Modern Restaurant Management

FEBRUARY 29, 2024

It’s wise to invest in fully featured software options, which offer audit management and compliance tracking capabilities to maximize the safety of your food, guests, and business. One weak link in the supply chain could cause a food safety breach that could put your guests and brand at risk. Boost automation.

Food Safety

Modern Restaurant Management

SEPTEMBER 22, 2021

Make sure you do a projection and daily audit to ensure your payroll costs are commensurate with your current revenue. Food and Beverage Inventory and Paper Supplies. Similar to your payroll expenses, your food and beverage expenses are going to vary depending on the type of restaurant you run.

License

Modern Restaurant Management

MARCH 29, 2021

Number Three : Audit your time keeping. Number Four : Audit sales every half-hour in your POS system. It is one of the most important pieces of equipment you'll ever purchase. They’re not working, and they are milking the time clock. Make sure that your employees are punching in with the right job codes.

Audits

Modern Restaurant Management

JUNE 8, 2020

This, of course, is in addition to the other important safety protocols that restaurants must follow (cooking foods to proper temperatures, avoiding cross contamination, accommodating food allergies, etc.). Food safety sanitation procedures are more important than ever to combat the novel coronavirus. Invest in Digital Tools.

Food Safety