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New PPP Loan Insurance Covers Food Service Establishments if the SBA Later Finds They Were Ineligible for the PPP Loan Program

Modern Restaurant Management

Consider PPP loan insurance to cover damages, legal fees and fines if the SBA determines that your business was ineligible for the loan. Chang’s won PPP exemptions to bridge their operations until they open their doors open once again. The SBA has said that it will audit PPP recipients to ensure these three requirements were met.

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7 Common Restaurant Payroll Mistakes

7 Shifts

Every department and all the operations around those departments need to work together seamlessly to ensure the smooth running of the business. Then, out of the blue, these labor audit folks showed up, and man, did they find a heap of issues. This is just like a restaurant, made up of its own interconnected components.

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Ultimate Restaurant Payroll Guide 2023

7 Shifts

Did you know that payroll/labor makes up almost one-third of a restaurant's operating costs ? Updating your payroll records in case of an audit. Here's a few common options: A monthly pay cycle , which means operators only have to run payroll once per month. Paying employees what they are owed on time.

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Ultimate Restaurant Payroll Guide 2021

7 Shifts

Did you know that payroll/labor makes up almost one-third of a restaurant's operating costs ? Updating your payroll records in case of an audit. Here’s a few common options: A monthly pay cycle, which means operators only have to run payroll once per month. Health insurance plan opt-in forms. Withhold 6.2% out of pocket.

2021 370
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For Restaurant Owners, Cybersecurity is a People Problem 

Modern Restaurant Management

With every online order, millions of customers are entrusting restaurant owner/operators with their most essential information. However, thanks to the explosion of online ordering, owner/operators are left managing massive data sets — without any experience in doing so.

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Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping

7 Shifts

After all, a small, honest mistake can accumulate over time and turn into bigger operational problems— 17% of restaurants even fail in their first year due to mismanagement of finances. They speed up your vouching process and help clear up any inconsistencies that could arise during the auditing process.

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Essentials of Payroll Accounting for Restaurant Groups, Part 2

Restaurant365

Multi-location and multi-state restaurant groups, in particular, need robust payroll solutions to address operational and accounting challenges. These restaurant accounting cycles level the reporting field between periods and provide useful information for operators. Restaurant payroll follows these accounting cycles. Conclusion.