ChowNow

MARCH 14, 2025

Every day, youre juggling staff, food quality, inventory, customer service, purchasing, and moreall while trying to cultivate a dining experience that wows your customers enough to keep them coming back. Customer Service and Experience Great food and drink is only truly enjoyed when its coupled with a great service experience.

Operations

Lavu

MARCH 17, 2025

Managing food costs is one of the most important factors in running a profitable restaurant. With rising ingredient prices and tight profit margins, understanding the food cost formula can make the difference between financial success and failure. What is the Food Cost Formula? Lets dive in!

Food

The Restaurant Group

FEBRUARY 23, 2025

Proper inventory tracking helps reduce waste, control costs, and boost profits. Why Every Restaurant Should Prioritize Inventory Control Effective inventory control means fewer surprises, less waste, and better financial management. Prioritizing it leads to: Lower food costs by minimizing spoilage and overordering.

Inventory

7 Shifts

NOVEMBER 15, 2024

After all, it’s not just the quality of your food that can keep customers coming back — 73% of diners base their satisfaction on the quality of service they receive. How do you ensure compliance with food safety and hygiene regulations? Hiring the right people can make or break your business.

Leadership

QSR Automations

JUNE 10, 2025

The merger of the two companies will create a restaurant technology company that delivers solutions for the entire food lifecycle at scale. From ingredient ordering to food prep to timely order flow, restaurants will be able to accurately predict, plan, and execute operations more efficiently.

Technology

ChowNow

JULY 4, 2025

Dining habits change, food costs fluctuate, and customer preferences can shift depending on what’s trending. That’s when it’s time to take a closer look at your food costs and how they’re impacting your bottom line. And it’s not just about the food itself. Think of negative online reviews as a menu audit tool.

Menu

Lavu

JULY 18, 2025

Theft has unfortunately become a primary concern in the food industry. It is important to understand it’s not just slipping an occasional $5 bill into a pocket, and can include: Giving free or extra food/drinks to customers without authorization. Stealing food/drinks for themselves, either while working or taking it home.

POS

Web Diner

MAY 9, 2025

Beyond Basic Targeting The most successful restaurant ads don’t target broad demographics like “food lovers aged 25-45.” They feature authentic, well-lit food photography that showcases signature dishes. Get your free social media audit by calling (800) 531-7091 or visiting webdiner.com/demo today.

Social Media

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 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

JULY 25, 2025

Syncs Inventory with Sales: Tracks stock in real-time to prevent waste and over-ordering. Handles Taxes Seamlessly: Automates tax calculations and creates clear audit trails. This improvement comes from smarter purchasing decisions, reduced waste, and more accurate food cost calculations.

POS

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

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

AUGUST 5, 2025

With the right help, bars and eateries can focus on what they do best—serving delicious food and providing excellent customer service. Hospitality accountants in London suggest regular financial audits for transparency and uncovering potential financial issues. Various regulations and industry-specific tax deductions apply here.

Cash Management

Paper Chase Accountancy

MAY 30, 2025

A single percentage point difference in food costs or labor can be the difference between profit and loss. Without a clear financial picture, owners are essentially flying blind, unable to identify areas of waste, optimize pricing, or make strategic investments. It bridges the gap between operational data and accounting.

Bar

Paper Chase Accountancy

JULY 24, 2025

Just like a well-balanced recipe is crucial to a delicious dish, restaurant accounting books are a vital component for a successful food business. Their expertise is honed on the complexities of food service finances. They manage financial tasks like budgeting, auditing, and revenue management across diverse business operations.

Book

Restaurant Engine

JUNE 14, 2025

If you do it poorly, you may waste time and money and even alienate loyal customers. Do note that rebranding doesn’t fix poor service, food quality, or food taste. Local partnerships with event hosts, food bloggers, or nearby businesses. Press outreach to food and lifestyle publications.

Social Media

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

To illustrate, consider the following table: Account Type Example Assets Cash on Hand Liabilities Accounts Payable Equity Owner’s Capital Revenue Food Sales Expenses Food Costs This chart provides a snapshot of your restaurant’s financial health and aids in making informed decisions. Monitor food cost percentage.

Cash Management

Paper Chase Accountancy

MAY 30, 2025

Whether through restaurant bookkeeping NYC or hotel bookkeeping, precise recordkeeping helps reduce waste, improve cash flow, and streamline compliance with New York bookkeeping standards. Inconsistencies or errors can lead to audits. Restaurants primarily focus on food and beverage sales, simplifying their accounting process.

Hotels

Paper Chase Accountancy

JULY 7, 2025

A restaurant’s survival isn’t just about cooking delicious food; it’s also about maintaining a healthy bottom line. It’s not just about maintaining financial records, but understanding the unique needs of the food and beverage industry and how these can significantly impact daily operations and profitability.

Cash Management

Paper Chase Accountancy

JULY 30, 2025

It’s not just about income and expenses; it’s about understanding the nuances of restaurant accounting services, like managing tips, food costs, and overhead. With numerous transactions happening daily, from food and beverage sales to room bookings, it’s essential that every cent is accounted for.

Hospitality

Modern Restaurant Management

MAY 14, 2021

The EPA estimated that in 2018, the United States wasted 35.3 million tons of food. According to the food waste hierarchy pyramid, source reduction is the ‘best case scenario’ when it comes to food waste. Food Donation. There are many different avenues that can be taken with food donation.

Waste

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

MARCH 9, 2021

Waste management is one of the challenges affecting the restaurant industry. Research from the University of Arizona shows that fast-food restaurants waste 9.55 percent, while full-service restaurants waste 11.3 Therefore, you should start by monitoring waste production before consolidating your efforts.

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

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. How to Conduct a Successful Restaurant Audit First, take stock of the following areas of your restaurant business: Cleaning and Sanitation It’s difficult to overstate the importance of sanitation for restaurants.

Audits

Modern Restaurant Management

OCTOBER 7, 2021

Food safety and restaurant cleanliness. Similarly, restaurant visitors expect their food to be of a consistent quality every time they visit. Both of these technological advancements are instrumental in ensuring excellent customer service and reducing food waste. Food Safety and Restaurant Cleanliness.

Technology

Modern Restaurant Management

FEBRUARY 29, 2024

Hot Palette Holdings uses AI to improve their forecasting, optimize inventory, and reduce waste. As restaurants implement tech tools, they’re experiencing numerous benefits, including waste (and cost) savings, more effective scheduling, and increased customer satisfaction, to name just a few. Elevate quality management programs.

Food Safety

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 18, 2022

Give them charging stations and a reason to stay (delicious food, great service, and a comfortable atmosphere) while their cars are charging. You already provide delicious food, exceptional customer service, and an inviting atmosphere, right? Elevate inspections and audits. Are you ordering proper quantities of food?

2040

Modern Restaurant Management

AUGUST 29, 2022

Restaurant management and operations personnel are always on the search for proactive ways to increase operational efficiency and reduce waste while complying with local regulations. 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

MARCH 29, 2021

Number Three : Audit your time keeping. Number Four : Audit sales every half-hour in your POS system. If you select bad people, if you find good people and you don't train them, any bad employees, they are costing you in workers’ comp, wasted food, pissed off guests, reduced sales.

Audits

Modern Restaurant Management

NOVEMBER 16, 2021

Today’s restaurants are expected to deliver an Amazon-like experience: know customers’ preferences and dining habits and deliver food, whether tableside or to their front doors, without delay. Going digital – increasingly a top choice among restaurant management. Say you’re overseeing 500 locations nationwide.

Customer Experience

Modern Restaurant Management

AUGUST 25, 2021

One of the largest problems on the hands of restaurant and catering professionals through the unpredictable supply and demand of COVID-19 was food waste. Often, the resulting waste was not only the food but also the associated costs and energy spent on more waste management.

Ordering