Remove Audits Remove Operations Remove Tip Distribution
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The Cost of B-ing Good

Modern Restaurant Management

B Corp Certification, a credential bestowed by the non-profit organization B Labs, is a way for businesses to address those concerns and more as they undertake an in-depth auditing process, and come out with a seal of authenticity around their sustainability and social responsibility claims and a branding kit to help promote it.

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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 ? Doing payroll," or “running payroll,” encompasses the following: Calculating how much money (including tips) your business owes employees and contractors during a specific pay period. Updating your payroll records in case of an audit.

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Ultimate Guide to Payroll Automation for Restaurants

Lavu

Payroll automation solves these issues by streamlining tasks like tracking hours, distributing tips, and ensuring compliance with labor laws. Here’s why it matters and how to get started: Key Benefits : Automatically tracks hours, tips, and shifts. Integrates with POS systems for seamless operations.

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How to Automate Payroll with POS Systems

Lavu

Using a POS system simplifies payroll by automating time tracking, tip management, and wage calculations, while integrating with accounting tools like QuickBooks ensures compliance and accuracy. Tip Management : Calculates and distributes tips fairly. Set pay schedules that fit your business operations.

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8 Reasons Why Restaurant Workers Quit (And How to Retain Them)

7 Shifts

73% of those employees still receive tips. Implement a tip pool. Tip pooling is another way that restaurants are changing up compensation more fair across the board. A tip pool eliminates some of the downsides of tipping like inconsistent wages, an emphasis on “good tables,” and an individual mentality among serving staff.

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Monthly Restaurant Accounting: Tax and Financial Tips 

Paper Chase Accountancy

Embracing a monthly accounting cycle allows restaurateurs to stay perpetually ahead of tax obligations, identify and manage expenses proactively, and arm themselves with the real-time data needed for astute operational decision-making. Professional tips for hospitality accounting that directly contribute to sustained business growth.

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2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

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. During peak seasons, considering outsourcing certain services becomes a practical solution to ensure seamless operations. Read the first part, here.

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