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

JULY 7, 2025

Consider a bustling restaurant, ‘Culinary Delights’, that, despite its popularity, had to shut its doors due to poor financial management. They’d overlooked the importance of a top-notch bookkeeping service, and it cost them their business. Let’s dive into this critical discussion.

Cash Management

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. As a global leader in hospitality industry accounting and advisory services, Paperchase empowers businesses across diverse markets to navigate their financial complexities with precision and foresight.

Hospitality

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. But what exactly does this entail, and how do these services simplify finances for businesses in the hospitality sector? Let’s explore this further.

Hotels

Paper Chase Accountancy

JULY 25, 2025

While some hospitality businesses might question the need for local bookkeeping services, considering the advances in remote work technology, it’s worth noting that local expertise in London’s unique business environment can provide significant advantages. But why exactly is this local edge so crucial for success?

Hospitality

Paper Chase Accountancy

JULY 30, 2025

Consider a bustling city hotel, its rooms booked solid and restaurant brimming with diners. The busy day-to-day operations can often overshadow the importance of diligent bookkeeping. The volatile revenue streams of restaurants, for example, necessitate meticulous restaurant bookkeeping and restaurant accounting.

Hospitality

Paper Chase Accountancy

JUNE 5, 2025

It’s a complex arena, where revenue management, cost control, and financial reporting intermingle with unique business elements such as seasonality, customer service, and the unpredictability of guest behavior. Key Takeaways Finance is vital in the hospitality industry, with specialized accounting practices for hotels and restaurants.

Hospitality

Paper Chase Accountancy

JULY 15, 2025

Bookkeeping Los Angeles: Isn’t it crucial for any business to ensure their finances are in order? It’s even more pertinent when operating in a dynamic city like Los Angeles, where local tax laws and financial regulations can be complex. But how does this directly impact your business and why should you care?

Audits

Paper Chase Accountancy

JULY 18, 2025

It’s worth noting that roughly 30% of small businesses in Los Angeles fail due to poor financial management. But how does a business owner discern the right service for their specific needs? Key Takeaways Local bookkeeping services in LA ensure compliance with city-specific regulations and aid long-term business success.

Management

7 Shifts

JUNE 29, 2022

Some of the biggest restaurant businesses on the planet are franchises. They employ thousands of people and have served billions, and with so many people affected, it's understandable why there are franchise-specific laws and regulations in place. Who Regulates Franchise Compliance Laws? Federal Law Compliance.

Franchise

Modern Restaurant Management

JULY 6, 2020

Let’s start with an uncontroversial premise: California’s complex, ever-changing gauntlet of employment laws is difficult for any company to navigate. Yet you may still be wondering why, aside from the headache, does it matter for my restaurant? California employment law isn’t intuitive. Why Compliance Matters.

Restaurant Law

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. In fact, credit card processing fees rank as the third highest cost of doing business behind the cost of food and labor. Recent credit card fee hikes are also eroding restaurant profits. billion in fees.

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

Modern Restaurant Management

JULY 1, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the rise of eCommerce, economic impact, dining during COVID and hot dog insights. Key findings for the restaurant industry include: Restaurant Closures Data. Of all business closures on Yelp, 41 percent are permanent closures.

2020

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. For example, there will be fewer human interactions when ordering takeaways during busy lunch hours, quick customer seating, or bill payments.

2024

Modern Restaurant Management

MARCH 11, 2020

This edition of MRM News Bites features a double dose from US Foods, SpotOn Transact, DoorDash Kitchens, Virtual Restaurant Consulting, Tripleseat and Gather, wagamama, Toast, The Gluten Intolerance Group, Instawork and StaffMate Online, Procurant and Yellofin, Sift, 7shifts, ParTech, Revel Systems and Como, Kabbage, Bluecrew and Cuboh.

Bar

Embrace the Suck

DECEMBER 25, 2019

Having worked as a consultant for a large foodservice distributor for 4 years, I learned a lot about their business. My mission is to you the independent restaurant that is trying to thrive and not just survives in today’s ultra-competitive restaurant industry. A lot of stuff they don’t want you to know!

Food Truck

7 Shifts

MAY 18, 2023

Restaurants are similar to spider webs. This is just like a restaurant, made up of its own interconnected components. Every department and all the operations around those departments need to work together seamlessly to ensure the smooth running of the business. You know how it is with small businesses.

Restaurant Law

7 Shifts

JUNE 3, 2022

We don't have to tell you that the restaurant industry has a turnover problem. Restaurants are a transitional industry for many—but many of the reasons that workers quit are entirely preventable. 8 Reasons Why Restaurant Workers Quit — And How To Prevent It. 7shifts Tip Pooling and Distribution Software for Restaurants.

Tip Distribution

7 Shifts

MAY 15, 2023

Did you know that payroll/labor makes up almost one-third of a restaurant's operating costs ? While most restaurateurs are experts in hospitality and customer service, payroll makes many savvy business owners scratch their heads. Restaurant payroll is a system for calculating and managing the salaries of employees in a restaurant.

2023

Modern Restaurant Management

FEBRUARY 10, 2020

Please send plant-based news to Modern Restaurant Management (MRM) magazine's Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Good Food Restaurant Scorecard. The third annual Good Food Restaurant Scorecard ranks the top 100 restaurant chains in the U.S. This data covers U.S. to its menu.

Hospitality

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

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

7 Shifts

SEPTEMBER 19, 2022

Turnover in restaurants is as high as ever. Labor shortages, health crises, and general economic trends have made it a struggle — and restaurants need help. But we're at an inflection point in the restaurant industry. It's not enough to just pay more than the restaurant next door. Restaurant Retention Data Study.

Front of House

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

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

Restaurant365

SEPTEMBER 22, 2020

New technology tools in the restaurant industry present new opportunities for businesses to streamline operations. How can you protect your business, your customers, and your data while adopting new technology? It is more important than ever to maintain security standards such as your restaurant’s PCI compliance.

POS

The Restaurant Times

AUGUST 22, 2022

The restaurant industry is highly competitive. With low initial profit margins and high staff turnover prevalent, about one in every three restaurants close within a year of opening up. However, most restaurant owners are well aware of the odds they have to fight against if they want to make a success out of their business. .

Audits

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? What Is Restaurant Accounting?

Cash Management

Modern Restaurant Management

JUNE 19, 2020

In this edition of MRM News Bites, we feature links for PPP Forgiveness, new Yelp features and more products and services for restaurant recovery. Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25 percent.

Food Safety

Modern Restaurant Management

DECEMBER 21, 2020

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their perspection on 2020: What lessons did you learn and what do you feel the restaurant industry learned this year? It's been an interesting year to be in the restaurant space. Here are their responses. Click here for part one.

2020

Modern Restaurant Management

SEPTEMBER 14, 2021

TEAM Schostak Family Restaurants (TSFR) is celebrating its 40th anniversary along with the anniversaries of employees that have been with the company for 20 years or more. When TSFR sold the Burger King busi­ness in 2015, Laura transitioned to the Director of Learning & Development for Del Taco and MOD Pizza.

Food

Modern Restaurant Management

MARCH 2, 2021

January was encouraging for the restaurant industry. percent, it was the best performance for restaurants since the beginning of the pandemic almost a year ago, according to The Restaurant Guest Satisfaction Snapshot produced by data from Guest Intelligence™, a Black Box Intelligence Product. An Encouraging January.

2021

Aaron Allen & Associates

SEPTEMBER 8, 2020

Buying American restaurant chains is becoming a hot topic among the inquires we receive from clients. There are a myriad of reasons why now’s the perfect time to invest in American-based restaurant chains. attractive when it comes to the investment into restaurant chains (for both foreign and domestic buyers).

Point of Sale

EATER

APRIL 20, 2021

Over a year after the pandemic began decimating restaurants across the country — shuttering thousands of venues, putting millions out of work — and killing more than 567,000 people, the U.S. The first 21 days of the program will prioritize businesses run by women, veterans, or people from economically and socially disadvantaged groups.

Food Truck