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

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. Accounting must track and analyze performance across peak and off-peak seasons, affecting revenue recognition, staffing, and inventory management.

Hospitality

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

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

Lavu

MAY 2, 2025

Managing food allergens isnt just a best practiceits a legal and safety necessity for todays restaurants. From labeling allergens to alerting staff in real time, modern POS systems can help restaurants reduce risk, avoid legal issues, and build trust with guests. These features help ensure a safer and more efficient workflow.

Allergens

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

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

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 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 21, 2025

Hotels, restaurants, and sprawling F&B groups operate within a unique financial landscape, demanding far more than generic bookkeeping. They require specialized support that understands the intricacies of fluctuating revenues, high labor costs, and complex inventory management. 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. Let’s dive into this critical discussion.

Cash Management

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 25, 2025

Firms offering bookkeeping services in London have a keen understanding of the city’s intricate tax laws, unique operating challenges, and the specific needs of hospitality businesses. Local London accountants streamline restaurant finances, providing tailored services and detailed financial analysis to foster growth.

Hospitality

Paper Chase Accountancy

JULY 30, 2025

Consider a bustling city hotel, its rooms booked solid and restaurant brimming with diners. Key Takeaways Hospitality bookkeeping services cater to unique financial needs, including specialized revenue tracking and inventory management. The busy day-to-day operations can often overshadow the importance of diligent bookkeeping.

Hospitality

SpotOn

JULY 15, 2025

It can help some people build confidence, especially if you’ve never worked in the restaurant industry before or are nervous about mixing drinks.   Have you ever worked in the restaurant industry?   If you’ve worked in restaurants before, you’re already ahead of the game.

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

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? Proper inventory management is key.

Audits

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. As restaurants work to recover from the impact of the pandemic, interchange fees or “swipe” fees continue to curb their ability to grow and thrive. According to a PYMNTS survey of 3,250 U.S.

Consumer Goods

Modern Restaurant Management

OCTOBER 1, 2020

Contact-tracing during COVID-19 raises data privacy implications for restaurants. It cannot be argued that COVID-19 is anything but a gut-punch to the restaurant industry. Lawful implementation of contact tracing also requires restaurants to successfully navigate data privacy compliance issues.

Marketing

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. In restaurants, it’s usually the culinary team that eats up most of your labor budget. It the same concept that we use in restaurant work: full hands in, full hand out!

Food Truck

Modern Restaurant Management

JANUARY 8, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. To capture their attention and loyalty, businesses, including restaurants, must prioritise easy access and convenience. Read the first part, here.

2024

7 Shifts

MAY 1, 2024

Bookkeeping is one of the most essential aspects of any restaurant business. 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.

Cash Management

Restaurant365

NOVEMBER 30, 2021

As explored in Part 1 of this blog series, your payroll accounting systems overlap with many different parts of your restaurant business. For those new in the payroll field as well as industry veterans, the restaurant industry can come with unique challenges for running payroll. Restaurant payroll follows these accounting cycles.

Restaurant Law

Restaurant365

AUGUST 19, 2020

Successful restaurant owners and operators don’t just provide great food. The people piece of the puzzle can be challenging for restaurants. Because of the complicated nature of human resources (HR) and the sprawling regulations surrounding payroll, HR and payroll can be a recurring headache for restaurant owners and operators.

Restaurant Law

Lavu

FEBRUARY 2, 2024

In the face of a staggering global issue, restaurants must proactively avoid food waste. Restaurants, a big part of this challenge, can substantially impact by adopting sustainable practices and reducing their contribution to food waste. Laminated Menus: Menus are often a significant source of paper waste in restaurants.

Waste

Restaurant365

JANUARY 22, 2020

Restaurant technology innovations are quickly changing the way the restaurant industry does business, as restaurant owners leverage technology to streamline operations , reduce costs, and attract customers. For a food and beverage restaurant business, it’s not enough to play defense against online criminals.

Audits

Sling

MAY 9, 2023

Efficient and effective restaurant operations don’t just happen. The result of all that effort can be a successful restaurant that runs well even when you’re not there. In this article, we discuss some of the best ways to improve your restaurant operations and introduce you to the tools that can help make that easier.

Operations

Restaurant365

AUGUST 21, 2020

Successful restaurant owners and operators don’t just provide great food. The people piece of the puzzle can be challenging for restaurants. Because of the complicated nature of human resources (HR) and the sprawling regulations surrounding payroll, HR and payroll can be a recurring headache for restaurant owners and operators.

Blog

Harbor Touch

MARCH 18, 2025

Running a restaurant is tough. The good news is that there are tax deductions and credits made for restaurants and owners that can ease the burden. Essential Restaurant Tax Deductions 1. A restaurant POS system like SkyTab, though, has no upfront cost, just $29 per month. Long shifts, slim profits, and taxes can hit hard.

Point of Sale

Harbor Touch

MARCH 18, 2025

Running a restaurant is tough. The good news is that there are tax deductions and credits made for restaurants and owners that can ease the burden. Essential Restaurant Tax Deductions 1. A restaurant POS system like SkyTab, though, has no upfront cost, just $29 per month. Long shifts, slim profits, and taxes can hit hard.

Point of Sale

Xtra Chef

DECEMBER 11, 2019

Restaurant accounting is certainly not the most glamorous part of running a restaurant. Yet, without proper restaurant accounting, it is impossible to control your finances and keep your restaurant in business. What’s In the Restaurant Accounting Guide? Part 1: Restaurant Bookkeeping and Accounting 101.

Cash Management

Restaurant365

SEPTEMBER 22, 2020

New technology tools in the restaurant industry present new opportunities for businesses to streamline operations. It is more important than ever to maintain security standards such as your restaurant’s PCI compliance. It is more important than ever to maintain security standards such as your restaurant’s PCI compliance.

POS

Apicbase

AUGUST 29, 2024

In this article, we explore the benefits of centralising inventory, optimising menu design, standardising staff training, and more. This includes restaurants , hotels , catering companies, and other hospitality businesses. Managers must vet suppliers, negotiate favourable terms, and maintain accurate records of purchases and inventory.

Beverage