Remove Audits Remove Point of Sale Remove Tip Distribution
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Monthly Restaurant Accounting: Tax and Financial Tips 

Paper Chase Accountancy

This blog offers a comprehensive checklist of monthly restaurant accounting activities, invaluable tax preparation advice, and expert tips to streamline your reporting with the indispensable support of bookkeeping and accounting services. Professional tips for hospitality accounting that directly contribute to sustained business growth.

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

7 Shifts

While money isn't everything, it's one of the biggest pain points for restaurant workers right now. 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. Learn more about tip pooling and how 7shifts can help.

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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. Managing payroll manually in restaurants is time-consuming and error-prone.

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2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour. This trend reflects the growing popularity of drive-thru and fast-casual dining, coupled with the demand for digital technologies such as QSR digital signage and QR codes.

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The 5 Things Food Vendors Don't Want You to Know

Embrace the Suck

They get a commission based on overall sales for their territory. They basically work for their sales team. What you want to ask for is margin instead of markup and you want it to be auditable. Having worked as a consultant for a large foodservice distributor for 4 years, I learned a lot about their business.

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Accounting for Tips in Restaurants

Paper Chase Accountancy

Is it not a paradox that in the bustling world of restaurants, where every cent counts, the handling of tips often falls through the cracks? While a seemingly small detail, the proper management of tips can significantly impact a restaurant’s financial health and its employees’ satisfaction. Curious to find out more?

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Hospitality Industry Accounting and Advisory Services: The Path to Sustainable Growth 

Paper Chase Accountancy

High Labor Costs: Staffing, often a significant portion of operational expenses, involves complex payroll structures, tip reporting, overtime, and benefits, all requiring meticulous tracking. They require specialized support that understands the intricacies of fluctuating revenues, high labor costs, and complex inventory management.