Paper Chase Accountancy

JUNE 16, 2025

Did you know that nearly 60% of restaurants fail within the first year due to financial mismanagement? It’s critical for restaurant owners to understand and monitor key profitability ratios to ensure financial health and longevity. In essence, restaurant profitability ratios are integral to a restaurant’s fiscal success.

Hotels

Paper Chase Accountancy

JULY 25, 2025

See how restaurant bookkeeping fits into broader hospitality accounting practices. Restaurants and Food Service: Including fine dining, fast casual, QSRs, cafes, and catering. Fluctuating Occupancy/Demand: For hotels, occupancy rates directly impact revenue, while for restaurants, daily covers drive sales.

Hospitality

Paper Chase Accountancy

JUNE 16, 2025

Just as a master chef carefully balances flavors, restaurant owners in NYC must balance their books. Outsourcing bookkeeping services can offer a plethora of benefits, from saving precious time to providing accurate financials tailored for the restaurant industry. Learn more about our Accounting Services !

Cash Management

Paper Chase Accountancy

AUGUST 5, 2025

Nearly 60% of restaurants fail within the first year, often due to poor financial management. This statistic highlights the critical role of effective restaurant accounting services. Key Takeaways Restaurant accounting services are crucial for financial health and operational efficiency, preventing common failures in the industry.

Cash Management

Paper Chase Accountancy

MAY 22, 2025

Navigating the labyrinth of cost accounting in the restaurant industry can feel like trying to solve a Rubik’s Cube in the dark. Key Takeaways Establishing a comprehensive restaurant cost accounting system is crucial for tracking profits, managing cash flow, and ensuring financial health.

Cash Management

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.

Allergens

Lavu

JUNE 26, 2025

Running a successful restaurant isn’t just about great food and service—it’s also about smart financial management. Restaurant accounting tips plays a crucial role in tracking expenses, managing cash flow, and maximizing profitability. You cannot manage your restaurant properly without going into the accounting details.

2025

Paper Chase Accountancy

AUGUST 5, 2025

Balancing books and burgers can be a baffling business for restaurant owners. Smarter restaurant accounting solutions promise not just to streamline operations, but also to significantly boost bottom lines. Key Takeaways Smart restaurant accounting solutions significantly enhance profitability and streamline financial operations.

Cash Management

Paper Chase Accountancy

JUNE 2, 2025

Is it not a paradox that in the bustling world of restaurants, where every cent counts, the handling of tips often falls through the cracks? While a seemingly small detail, the proper management of tips can significantly impact a restaurant’s financial health and its employees’ satisfaction. Curious to find out more?

Tip Distribution

Paper Chase Accountancy

MAY 30, 2025

Sample Bookkeeping for Restaurants and Bars: In the hospitality industry without precise record-keeping, even the most successful establishments can find themselves adrift, struggling with cash flow, compliance, and ultimately, profitability. Bookkeeping is the often-unsung hero, forming the bedrock of smart financial management.

Bar

Paper Chase Accountancy

JULY 10, 2025

Did you know that nearly 60% of new restaurants fail within the first year, often due to poor financial management? Understanding the basics of accounting can significantly improve a restaurant’s odds of success. Let’s take a closer look at this critical aspect of running a profitable restaurant business.

Cash Management

Modern Restaurant Management

FEBRUARY 26, 2025

Do you think there might be a market to actually sell it; first at your restaurant and then to local retailers/grocers but you have no idea where do you start? Do you just make “extra batches” and bottle it in your restaurant kitchen and slap a label on it? It can happen with great marketing.

Retail

EATER

JANUARY 22, 2025

Amid unprecedented chaos that shuttered thousands of restaurants across the country and killed more than 1 million U.S. This semifinalist list reflects the restaurant and chef categories; finalists in these categories will be announced on April 2. residents, the organization canceled its ceremonies in 2020 and 2021.

2025

Paper Chase Accountancy

MAY 30, 2025

This fundamental discipline, when expertly managed, ensures the financial health of restaurants and hotels, enabling them to thrive even in challenging market conditions. This specialized area of accounting involves managing the financial transactions and obligations of hospitality businesses, such as NYC restaurants and hotels.

Hotels

Paper Chase Accountancy

MAY 20, 2025

In the bustling world of gastronomy, the art of restaurant bookkeeping often takes a backseat. There’s much to explore, and the answers might just transform your restaurant business. Outsourced accounting services can provide cost-effective, expert solutions, allowing restaurant owners to focus on core business operations.

Cash Management

Paper Chase Accountancy

MAY 21, 2025

Hotels, restaurants, and sprawling F&B groups operate within a unique financial landscape, demanding far more than generic bookkeeping. Uncover the myriad benefits of combining robust advisory and accounting support for both restaurants and hotels. Learn more about our Accounting Services !

Hospitality

Paper Chase Accountancy

JULY 7, 2025

Consider a bustling restaurant, ‘Culinary Delights’, that, despite its popularity, had to shut its doors due to poor financial management. A restaurant’s survival isn’t just about cooking delicious food; it’s also about maintaining a healthy bottom line. Learn more about our Accounting Services !

Cash Management

Modern Restaurant Management

FEBRUARY 3, 2025

The restaurant industry has long relied on immigrant workers to fill key roles in kitchens, dining rooms, and management teams. With immigration regulations implemented under President Trump, many restaurant operators are facing challenges in maintaining their workforce and ensuring compliance with regulations.

Restaurant Law

Paper Chase Accountancy

JUNE 12, 2025

Just like a key can unlock a door, innovative hospitality finance solutions can open up new avenues of growth for hotels and restaurants. Key Takeaways Understanding hospitality finance is vital for tackling industry-specific challenges and driving growth in hotels and restaurants. Learn more about our Accounting Services !

Hotels

Paper Chase Accountancy

JULY 3, 2025

This is where hospitality accounting services come into play, with their expertise in managing the complex financial landscape of hotels and restaurants. Key Takeaways Hospitality accountants offer specialized financial services for hotels and restaurants, managing assets and ensuring regulatory compliance.

Hotels

Paper Chase Accountancy

JULY 30, 2025

Consider a bustling city hotel, its rooms booked solid and restaurant brimming with diners. The volatile revenue streams of restaurants, for example, necessitate meticulous restaurant bookkeeping and restaurant accounting. The busy day-to-day operations can often overshadow the importance of diligent bookkeeping.

Hospitality

SpotOn

JULY 15, 2025

You’ll need to memorize dozens of cocktails, beer and wine lists, happy hour rules, and, more often than not, entire food menus. It can help some people build confidence, especially if you’ve never worked in the restaurant industry before or are nervous about mixing drinks.

Front of House

Paper Chase Accountancy

JUNE 5, 2025

Key Takeaways Finance is vital in the hospitality industry, with specialized accounting practices for hotels and restaurants. It’s essential to acknowledge that accounting in the restaurant sector is more intricate than it appears at first glance.

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. ” So, how does one streamline these complex financial tasks while maintaining a thriving restaurant?

Hospitality

Paper Chase Accountancy

JULY 15, 2025

It’s even more pertinent when operating in a dynamic city like Los Angeles, where local tax laws and financial regulations can be complex. Specialized bookkeeping services for LA restaurants ensure accurate tax filings and help avoid costly mistakes. The value of local expertise in bookkeeping can’t be overemphasized.

Audits

Paper Chase Accountancy

JULY 18, 2025

Bookkeeping services in Los Angeles are instrumental in helping businesses navigate the intricacies of restaurant tax in Los Angeles and other industry-specific financial obligations. They ensure accurate reporting of Los Angeles restaurant tax, meeting all local and state guidelines.

Management

Paper Chase Accountancy

AUGUST 11, 2025

Hospitality accounting involves monitoring the financial health of hotels, restaurants, and other hospitality businesses. Standard practices often fail to consider the intricate dynamics of the hospitality sector, from restaurant accountants grappling with fluctuating inventory to hotel accounting handling high-volume transactions.

Hospitality

Modern Restaurant Management

DECEMBER 14, 2020

The pandemic has changed the physical and economic environment in which restaurants operate. Although food delivery has long been popular for certain types of food, pandemic restrictions and consumer preferences hastened the expansion of food delivery for almost all food and meals. Marketplace Collection Laws.

Restaurant Law

Modern Restaurant Management

MAY 2, 2023

An audit can also be a powerful tool that can help you improve the financial health and profitabilit y of your restaurant. Be sure to carefully review how your restaurant is doing in these areas: Are all food safety laws and protocols being followed in your kitchen? Are your employees washing their hands?

Audits

7 Shifts

JUNE 29, 2022

Some of the biggest restaurant businesses on the planet are franchises. They employ thousands of people and have served billions, and with so many people affected, it's understandable why there are franchise-specific laws and regulations in place. Who Regulates Franchise Compliance Laws? Federal Law Compliance.

Franchising

Modern Restaurant Management

FEBRUARY 10, 2020

Please send plant-based news to Modern Restaurant Management (MRM) magazine's Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Good Food Restaurant Scorecard. Despite skyrocketing demand for plant-based food across the U.S., Despite skyrocketing demand for plant-based food across the U.S.,

Hospitality

Modern Restaurant Management

JULY 6, 2020

Let’s start with an uncontroversial premise: California’s complex, ever-changing gauntlet of employment laws is difficult for any company to navigate. Yet you may still be wondering why, aside from the headache, does it matter for my restaurant? California employment law isn’t intuitive. Why Compliance Matters.

Restaurant Law

Modern Restaurant Management

OCTOBER 26, 2022

While using credit cards is a convenience for consumers, this form of payment represents a major cost center for restaurants. In fact, credit card processing fees rank as the third highest cost of doing business behind the cost of food and labor. billion in food items in February. According to a PYMNTS survey of 3,250 U.S.

Consumer Goods

Modern Restaurant Management

JANUARY 3, 2022

However, there are security concerns with this growing technology, which largely stem from customers sharing data that restaurants could then sell. In order to improve the customer experience, build trust, and protect customer data, restaurants must be diligent in their QR code implementation efforts. Avoid Free QR Code Generators.

Customer Experience

Embrace the Suck

DECEMBER 25, 2019

My mission is to you the independent restaurant that is trying to thrive and not just survives in today’s ultra-competitive restaurant industry. You have a major food distributor in your market that you are probably buying from. It could be Sysco, US Foods, Performance Food Group, Ben E. ” Not so fast.

Food Truck

7 Shifts

FEBRUARY 14, 2022

Predictive Scheduling has become a hot topic in the restaurant industry. This guide is designed to help you stay in front of Predictive Scheduling changes and make sure your restaurant is fully compliant. Recommended Reading: The 11 Employee Scheduling Best Practices + Tips for Restaurants. Restaurants with 30+ U.S.

Restaurant Law

Modern Restaurant Management

JULY 1, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the rise of eCommerce, economic impact, dining during COVID and hot dog insights. Key findings for the restaurant industry include: Restaurant Closures Data. Key findings for the restaurant industry include: Restaurant Closures Data.

2020