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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. This is one of your core restaurant management responsibilities, especially because you handle lots of inventory in and out of your kitchen daily, including the ingredients you use to prepare your menu.

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Restaurant Automation: The Key to Back of House Efficiency 

Apicbase

Restaurants use software and smart hardware to automate everyday tasks and management duties, such as purchasing ingredients, managing inventory, making production lists, dealing with allergens, and calculating costs. Inventory management Streamline inventory management and boost purchasing precision with software.

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Secrets Of Operational Excellence: How High-performing Restaurant Leaders Optimise Operations [What Do They Do Differently?]

Apicbase

With a uniform understanding of how operations are performing across locations, executives can proactively address any shortcomings and identify areas for improvement. Bring Clarity to Your Back of House Get real-time feedback about your restaurants’ inventory, procurement and menu performance in dynamic charts, graphs and dashboards.

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Intercompany Accounting Best Practices for Restaurant Businesses

Restaurant365

If your restaurant locations are spread out over various states and localities, it is not advisable to apply across-the-board uniform policies to every accounting process, as the differences among local laws would make such policies too vague. AP automation also impacts your big picture in the long term.

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How To Run A Successful Restaurant Franchise — 10 Essentials For Sustainable Growth

Apicbase

Besides cost estimates, audited financial statements and projections should be included, like: the expected growth rate for (at least) the first year; the estimated restaurant cash flow; the expected payback period. A central production kitchen allows you to buy ingredients in bulk and prepare batches to distribute to your locations.