Lavu

JUNE 26, 2025

Running a successful restaurant isn’t just about great food and service—it’s also about smart financial management. You probably joined the industry to make delicious food to serve and create a great environment for your patrons. It includes all the cost incurred on food and beverage, payroll, taxes, and benefits).

2025

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

Paper Chase Accountancy

MAY 30, 2025

It’s the invisible framework that supports informed decision-making, ensures regulatory compliance, and illuminates the path to sustained growth. A single percentage point difference in food costs or labor can be the difference between profit and loss. This provides a crucial insight into food and beverage costs relative to sales.

Bar

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

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

MAY 30, 2025

By providing accurate financial data, it ensures informed decision-making, helping establishments to operate more efficiently. It’s crucial to be fully informed about these obligations to keep a restaurant’s financial backbone strong and avoid penalties. Inconsistencies or errors can lead to audits.

Hotels

Paper Chase Accountancy

JULY 3, 2025

As accountants for hospitality, they help businesses navigate financial regulations, manage assets, and make informed investment decisions. Unlike general business accounting, restaurant bookkeeping services need to account for elements like fluctuating food costs, labor issues, and seasonality.

Hotels

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 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. Labor shortages mean food is rotting in shipping containers, warehouses, and trucks because there aren’t enough workers to get them to their final destinations.

Food Supply

Modern Restaurant Management

JANUARY 27, 2022

The restaurant industry is still dealing with pandemic-related issues, including supply chain disruptions, new COVID variants and surging cases, labor shortages, rising prices, and a shift in consumer demand. Make food safety and customer reassurance a priority to create a brand that customers (and employees) trust and support.

Kitchen Safety

Modern Restaurant Management

AUGUST 27, 2024

Restaurants, like other cash-intensive businesses, are a frequently targeted for audits by the IRS. By keeping accurate and complete records, you can reduce the length and pain of an audit. Once you are under audit, you may no longer remember some of the day-to-day details from a particular year, especially if it was six years ago.

Audits

Modern Restaurant Management

MAY 10, 2022

Why should you and your staff spend hours counting inventory, auditing invoices, and combing through contracts? When you’re short on time and resources, technology can help you automate on and off-premise processes, navigate increased costs, and make more informed business decisions. Take food cost management for instance.

Supplies

Modern Restaurant Management

SEPTEMBER 7, 2021

A : Contract overlaps and pricing have a lot of impact on restaurant operators and their business, especially for those without supply chain personnel or who are simply too busy to check or double check pricing contract structures. Here’s a deeper look at each: Constant Auditing of Invoices. Monitor Price and Market Trends.

Audits

Modern Restaurant Management

JULY 24, 2023

Artificial Intelligence (AI) technology has become invaluable in the food industry. AI can also improve sustainability within restaurants – and throughout their supply chains – with huge benefits that include waste and carbon emissions reduction, cost savings, and meeting consumer demand. Building consumer trust.

Supplies

Modern Restaurant Management

OCTOBER 7, 2021

Food safety and restaurant cleanliness. Organizing and preparing dishes does not come easy—there is a lot of data and information tracking involved to make sure the correct dish is served to the right person. Similarly, restaurant visitors expect their food to be of a consistent quality every time they visit.

Technology

Modern Restaurant Management

APRIL 28, 2023

What if I told you that you could solve a variety of your problems by improving your supply chain transparency? Supply chain transparency can provide vital information about suppliers’ environmental, social, and governance (ESG) initiatives. Customers want to know where their food is coming from.

Supplies

Modern Restaurant Management

JULY 17, 2023

When restaurants, food businesses, and other organizations become ISO certified, they’re showing that they: Prioritize safety, quality, and compliance, following strict guidelines to ensure safe, high-quality foods. Respect their customers and work diligently to earn their trust and loyalty. any issues to stay compliant.

Innovation

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

Modern Restaurant Management

SEPTEMBER 9, 2020

While everything feels overwhelming in the world, focus on these five solvable challenges: Prioritize a Food Safety Culture. With or without a pandemic, food safety culture is what you do when no one is looking. When employees feel safe, informed, and engaged, then customers will feel safe. Invest in Software Solutions.

Management

Modern Restaurant Management

AUGUST 29, 2022

restaurants wasting between 22 to 33 billion pounds of food each year, every improvement in operational efficiency is an essential contribution to preventing waste and reducing loss. 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

DECEMBER 16, 2021

Our restaurant of the future is designed to benefit guests, employees and franchisees, with a new external design and a reimagined kitchen that will make it easier for us to serve hot, delicious food quickly for frictionless guest experiences, and we expect to see a lot more of that next year. Clinton Anderson, CEO, Fourth Enterprises.

2022

7 Shifts

JUNE 29, 2022

The FTC Rule largely pertains to franchisors supplying prospective franchisees with a franchise disclosure document – a document from franchisors providing 23 key information points to franchisees regarding need-to-know information about the business. Financing information. Food & Staff Safety Measures.

Franchising

Modern Restaurant Management

OCTOBER 28, 2022

After surviving the worst of the COVID-19 pandemic, restaurant operators are now facing record high food costs, ongoing labor shortages, inconsistencies in the supply chain, and quickly changing guest preferences. Create frequent check-ins, both formal and informal, to solicit feedback. 3 – Foster Better Communication.

Leadership

Modern Restaurant Management

DECEMBER 11, 2019

Add cybersecurity risks, mix in consumer desire for transparency, then layer in the collection of consumer data collection and you’ve got a perfect storm of data management challenges across the food supply chain. How Multi-domain Data Governance Works from Farm-to-Fork. For clarity: ELM Customers are both internal and external.

Management

7 Shifts

FEBRUARY 12, 2021

The types of information that these listings will have include previous purchases and sales, square footage, zoning information, and information about the building itself such as year built. What percentage of the total costs are food? Have there been any tax audits in the past three to five years?

License

Modern Restaurant Management

MARCH 27, 2023

The restaurant industry is guilty of producing large amounts of carbon emissions in its quest to deliver delicious food and memorable culinary experiences for customers. In fact, the food and drinks industry (of which the restaurant industry forms a part) is responsible for around one third of all greenhouse gas emissions annually.

Transportation

Modern Restaurant Management

JANUARY 8, 2024

Centralization of data-driven marketing will also become increasingly critical, including streamlining processes and providing businesses with a comprehensive view of their data to inform strategic decisions. Many industries, such as rideshare services, gas stations, event tickets and more, utilize dynamic pricing due to supply and demand.

2024

Modern Restaurant Management

JULY 1, 2020

There has also been an increase in review content for Black-owned restaurants and food businesses (up 9X) and nightlife (up 13X). shows that consumers feel safer when hotels and restaurants raise their cleaning protocols to include hospital-grade disinfectants and third-party audits.

2020

7 Shifts

AUGUST 18, 2024

Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. Whether it’s food cost increases due to inflation or a labor cost rise due to rising minimum wage, cost increases, like taxes, are pretty much a guarantee in the restaurant industry.

License

Modern Restaurant Management

AUGUST 19, 2020

US Foods Ghost Kitchens. US Foods Holding Corp. launched US Foods Ghost Kitchens, a program designed to guide restaurant operators every step of the way when opening their own operation, helping them easily add a new revenue stream. Diversified Foodservice Reorganizes Portfolio. Keith Kelly will serve as president of TundraFMP.

Kitchen Safety

Modern Restaurant Management

FEBRUARY 10, 2020

Good Food Restaurant Scorecard. Despite skyrocketing demand for plant-based food across the U.S., 42 of the country’s favorite fast food and restaurant chains still don’t offer a plant-based entrée, according to a report released today by The Good Food Institute (GFI). Healthier Hospitals.

Hospitality

EATER

MAY 25, 2023

Photo by David Cortes Stephanie Jack always knew she wanted to work in food, and her journey took her from Frito-Lay to the “smart produce” business Stephanie Jack’s parents met while working at Heinz — specifically, when her mother was auditing her father’s department. First, I missed food and wanted to return to the industry.

Innovation

The Rail

MAY 2, 2024

Take stock of all perishable and non-perishable items, including food supplies, kitchen equipment, utensils, furniture, and decor. Prioritize Perishable Items Perishable food supplies and fresh ingredients require special attention during a restaurant relocation.

Inventory

7 Shifts

FEBRUARY 12, 2021

The types of information that these listings will have include previous purchases and sales, square footage, zoning information, and information about the building itself such as year built. What percentage of the total costs are food? Have there been any tax audits in the past three to five years?

License

Perfect Daily Grind

DECEMBER 12, 2022

In coffee production, bartering is used to acquire supplies in exchange for bags of coffee,” she says. Moreover, Nucoffee provides farmers with up-to-date market information, which can allow them to keep track of fluctuations in the price of coffee, as well as any emerging trends in the coffee industry.

Consumer Goods

Sling

APRIL 5, 2021

You don’t have to give anything tangible just yet (we’ll deal with that in the next section), but do supply specific reasons why they did a good job. In fact, a sense of security is so important for survival that it’s second only to the physiological needs (food, water, warmth, and rest) that all humans share. Ergonomic chair.

Employee Relations

Tableo

JULY 18, 2023

Restaurant inventory management is a process for identifying more cost-effective food, beverage and supply orders while keeping track of the materials and supplies you have on hand for shifts. Inform employees of the value of accurate inventory management and how it affects expenses and business operations.

Inventory