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Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping

7 Shifts

They speed up your vouching process and help clear up any inconsistencies that could arise during the auditing process. On the other hand, non-current assets (also referred to as long-term assets) are those that cannot be readily converted to cash. This includes things like your restaurant building and the land it stands on.

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Who has the worst staff turnover? Restaurant Employee Turnover by City and State + Retention Playbook

7 Shifts

If you haven't looked at them in a while, it may be time to audit them and see if they're what your business needs now and to grow in the future. The Play: Do a culture audit and examine your core values. Better yet—create a new copy each time to keep records of the staff meetings so you can go back to reference them.

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Restaurant Taxes: Top 12 Tax Deductions and Tips For Restaurants

Harbor Touch

If you are audited, and the IRS believes you are overcompensating employees based on other amounts reported within the restaurant industry, you may not be able to deduct them fully. Property insurance, liability insurance, and other policies designed to protect your physical restaurant location(s), employees, and customers.

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Restaurant profit & loss template [Free excel P&L template]

Rocket Fuel

Some owners track their numbers on a spreadsheet – often referred to as a “Profit and Loss Statement,” or “P&L.” List everything involved in keeping your stores running: rent, insurance, taxes, even marketing. This is one area where it can be helpful to have software that makes these distinctions for you.).

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7 Ways to Protect Your Restaurant Data From Cyberattacks

Apicbase

Your restaurant will need to go through a forensic audit You may be charged with class action suits by affected customers You will lose revenue due to penalties of a cyberattack Your customer’s payment information will be compromised Your restaurant’s reputation will be questioned. Get Cybersecurity Insurance. What Is a Cyber Attack?

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How The Chocolate Room created a chocolate culture for accelerating growth

The Restaurant Times

We recommended they use a referral program by giving complimentary vouchers and royalty points to references and regular customers. Many of our franchises came through references. We also provide added benefits like medical insurance. . We also marketed through our franchises. We rely on our own team, resources, and franchises.

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How to Cook a Direwolf

EATER

Game of Thrones was the first of these, based on foraging for food references within George R.R. In reviewing Elizabeth for Chicago magazine in winter 2013 , Jeff Ruby called it an “audit of us, the foodies, a label we hate but deserve because we can’t come up with anything more apt.” Martin’s book series A Song of Ice and Fire.