Paper Chase Accountancy

JUNE 16, 2025

These ratios, including the Prime Cost Ratio, Gross Profit Margin, and the Net Profit Margin, serve as vital indicators of a restaurant’s financial health. Audit Support: They keep records that can support business audits, helping to validate calculated ratios.

Hotels

Paper Chase Accountancy

JUNE 16, 2025

These ratios, including the Prime Cost Ratio, Gross Profit Margin, and the Net Profit Margin, serve as vital indicators of a restaurant’s financial health. Audit Support: They keep records that can support business audits, helping to validate calculated ratios.

Hotels

Lavu

JUNE 26, 2025

You probably joined the industry to make delicious food to serve and create a great environment for your patrons. Your main goal may be to serve great food in a great setting. When properly done, this will also reduce the worry related to auditing of your financial reports. Why should you be concerned about accounting then?

2025

Paper Chase Accountancy

AUGUST 5, 2025

With the right help, bars and eateries can focus on what they do best—serving delicious food and providing excellent customer service. Hospitality accountants in London suggest regular financial audits for transparency and uncovering potential financial issues. Regular financial audits to identify and correct discrepancies early on.

Cash Management

Paper Chase Accountancy

JULY 24, 2025

Why Restaurant Accounting Books Are Essential in Daily Operations While it may not be immediately apparent, restaurant accounting books play a crucial role in daily operations, serving as an indispensable tool in the effective management of finances. We believe that a good restaurant accountant or team of restaurant accountants is invaluable.

Book

Paper Chase Accountancy

MAY 30, 2025

Without a clear financial picture, owners are essentially flying blind, unable to identify areas of waste, optimize pricing, or make strategic investments. IRS Audits: Inaccurate or incomplete records can trigger costly and time-consuming IRS audits, leading to significant penalties and fines.

Bar

Paper Chase Accountancy

MAY 21, 2025

Inventory Control and Valuation: Implementing robust systems for tracking food, beverage, and other supplies to minimize waste and optimize ordering. General Ledger Management: Maintaining a clean and accurate general ledger, serving as the foundation for all financial reporting. It’s about finding a partner, not just a vendor.

Hospitality

Paper Chase Accountancy

MAY 30, 2025

Whether through restaurant bookkeeping NYC or hotel bookkeeping, precise recordkeeping helps reduce waste, improve cash flow, and streamline compliance with New York bookkeeping standards. Inconsistencies or errors can lead to audits. Some owners overlook this, leading to penalties.

Hotels

Paper Chase Accountancy

JULY 7, 2025

It’s not just about record-keeping; it’s about finding a tool that can serve as a partner in your restaurant’s financial health and growth. Inventory tracking : To monitor food costs and control waste. Inventory tracking : This helps you manage your resources and reduce waste.

Cash Management

Paper Chase Accountancy

JULY 30, 2025

Core Components of Bookkeeping for Restaurants and Hotels The core components of bookkeeping for restaurants and hotels serve as the backbone for successful financial management in the hospitality industry. This aids in avoiding over-ordering, reducing waste and theft.

Hospitality

Modern Restaurant Management

JULY 26, 2022

As inflation hammers restaurants, here are four ways to audit the true cost of HR. As costs rise and pressures pile up, the time is now to perform a complete audit of the true costs of human resources operations. We’ve included some straightforward steps below to guide in accurately auditing HR costs.

Audits

Modern Restaurant Management

MARCH 9, 2021

Waste management is one of the challenges affecting the restaurant industry. Research from the University of Arizona shows that fast-food restaurants waste 9.55 percent, while full-service restaurants waste 11.3 Therefore, you should start by monitoring waste production before consolidating your efforts. Map Your Goals.

Waste

Modern Restaurant Management

OCTOBER 7, 2021

Organizing and preparing dishes does not come easy—there is a lot of data and information tracking involved to make sure the correct dish is served to the right person. Both of these technological advancements are instrumental in ensuring excellent customer service and reducing food waste. Kitchen Operations.

Technology

Modern Restaurant Management

AUGUST 29, 2022

Restaurant management and operations personnel are always on the search for proactive ways to increase operational efficiency and reduce waste while complying with local regulations. Today, the sophistication of IoT technology available to the restaurant sector is at an all-time high. Leveraging Digital Visibility.

Operations

Modern Restaurant Management

APRIL 11, 2024

Similarly, Taco Bell Cantina is also reinventing its dining journey by offering a shareables section on its menus, showcasing local artwork, opening kitchens, and serving alcoholic drinks like twisted freezes. Focus on Sustainability The impact of food waste is staggering, with U.S.

2024

Perfect Daily Grind

AUGUST 21, 2022

As they’re difficult to recycle, we can also conclude most of these cups end up going to landfill, where they contribute to a growing waste problem. However, in response to the issue of single-use cup waste, some coffee shops now offer discounts for customers who bring their own reusable cups, as well as other swap schemes.

Waste

Modern Restaurant Management

DECEMBER 16, 2021

Our restaurant of the future is designed to benefit guests, employees and franchisees, with a new external design and a reimagined kitchen that will make it easier for us to serve hot, delicious food quickly for frictionless guest experiences, and we expect to see a lot more of that next year. Clinton Anderson, CEO, Fourth Enterprises.

2022

7 Shifts

SEPTEMBER 6, 2024

Labor While COGS typically refers to the cost of food, beverage costs, and other ingredients, labor also plays a crucial role in determining the overall cost of preparing and serving meals. on packaging per meal and serves 1,000 takeout orders per month, that’s an additional $500 in monthly costs.

2024

Modern Restaurant Management

JANUARY 8, 2024

This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits. While you can not always control the commodity pricing, you can control how you manage it by reducing waste, optimizing efficiencies and leveraging margins.

2024

Modern Restaurant Management

AUGUST 19, 2020

Alonso Castañeda , VP of Brand Development & Strategy for Savory Restaurant Fund, will discuss how the brands he works with have been able to take advantage of the current landscape to creatively serve customers. ” Duff & Phelps served as financial advisor to Sun Capital Partners, Inc. Creating a Face-Pay Network.

Kitchen Safety

Modern Restaurant Management

MARCH 11, 2020

Smart Foodservice operates 70 small-format cash and carry stores across California, Washington, Oregon, Idaho, Nevada, Utah and Montana that serve small and mid-sized restaurants and other food business customers with a broad assortment of products. It can be served with signature dips or used as a slider bun for a sandwich.

Bar

The Rail

MAY 23, 2024

Low Waste Wines Vineyards and wineries around the world are pivoting towards more sustainable solutions. of solid waste via recycling, composting, and repurposing; Purchasing carbon credits for unavoidable emissions. These steps contribute to achieving a net-zero and zero-waste status.

Sustainability

Modern Restaurant Management

MAY 7, 2021

“Our guests continue to demand access to truly healthy and delicious food and beverage products are served with smiles and speed." This could translate to an additional 500 to 1,500 metric tons of paper waste eliminated annually across the U.S. and worldwide. To kick off the partnership, on Tuesday, May 4 from 4-6 p.m.,

Franchising

Modern Restaurant Management

MARCH 27, 2023

It’s a major environmental concern and the restaurant industry is one of the largest consumers of meat, serving it up to consumers every day all over the world. The use of single-use coffee cups, plastic straws and plastic take-out containers is resulting in huge amounts of waste in our landfills and oceans.

Transportation

Xtra Chef

NOVEMBER 20, 2019

The holiday season can be a boon for many restaurants, but it can also exacerbate an issue that plagues the restaurant industry all year long: food waste. The Issue of Food Waste in the Restaurant Industry. Food waste in the restaurant industry is real. million tons of food waste annually.

Waste

Modern Restaurant Management

FEBRUARY 10, 2020

Plant Forward Plates features over 40 recipes scaled up to 100 servings, therapeutic menu plans, HACCP instructions, nutritional analysis and food-ordering guides to match the scaled recipes. “We’re thrilled to become a preferred supplier to Sodexo, which serves over 75 million consumers each day.

Hospitality

Restaurant365

JULY 14, 2021

Restaurant food waste is a pressing topic in the food and restaurant industry. ” However, the impact of food waste doesn’t just stop at landfills. ” However, the impact of food waste doesn’t just stop at landfills. Are you ready to see what you can implement to start reducing your restaurant food waste?

Waste

Modern Restaurant Management

APRIL 2, 2020

The Foundation will administer the grants, offered on a first-come, first-served basis. Checklist app automates daily food safety and operational task management as well as regular maintenance and audit procedures. Qwick serves as a tool for connecting businesses across the nation to thousands of food and beverage Professionals.

Employee Relations

Cheetah

SEPTEMBER 6, 2019

85% of Food in Restaurants Is Wasted According to the Food Waste Reduction Alliance, in the restaurant industry, about 85% of food ends up in the trash. coalition found that for every $1 a restaurant invested in reducing food waste it made a return of $7. Reducing food waste can do more than help you save a few bucks.

Waste

Lavu

NOVEMBER 17, 2023

Profit margins can also serve as a benchmark for comparing your performance to industry standards and competitors, providing insights to improve your restaurant profit. This involves sourcing wholesale ingredients, reducing waste, and adjusting menu prices as needed. What is Restaurant Profit Margin and Why Should It Improve?

Fast Casual

The Restaurant Times

JULY 28, 2021

As per the Food Sustainability Index, a person wastes 494 pounds of food per year in the UAE, which is way higher than in the USA and Europe. High food waste is not just bad for restaurants, it also impacts the environment and food security significantly. Thus, there arises a need for an efficient waste management system. .

Waste

The Rail

NOVEMBER 2, 2023

If there are extreme storms, winter weather can cause damage not only to your restaurant but to your ability to serve customers comfortably and safely. Weatherproofing Your Restaurant When preparing for the winter, your first consideration should be how extreme weather will affect your property.

Sustainability

Touch Bistro

MAY 10, 2021

And one area that is often overlooked is the question of how to reduce food waste in restaurants. Food waste costs restaurants a staggering $162 billion per year , and in America alone, restaurants generate as much as 33 billion pounds of food waste per year. Different Types of Restaurant Food Waste.

Waste

The Rail

OCTOBER 3, 2024

If you think this is a pain point for you, audit your front-of-house cleaning checklist. Visible cleanliness is vitally important to customers, as a dirty restaurant is read as a warning sign. They’ll outright leave if their first impression is that you don’t care about hygiene.

Food Safety

Modern Restaurant Management

SEPTEMBER 2, 2022

However, low-quality content that is not optimized for SERPs may simply waste your time and effort, especially if it is not targeting relevant and attainable keywords that have commercial intent. Improving your rankings may require a detailed technical SEO audit and cleanup process. Ensure There Are No Technical SEO Errors.

SEO

Restaurant365

APRIL 14, 2020

No matter what business model your restaurant is operating on, managing your restaurant inventory helps you prevent waste, lower your food cost, and maximize your bottom line. In a time when your business is experiencing fluctuations, reusing ingredients will also help ensure you cycle through your inventory before spoilage or waste.

Inventory

Sling

MAY 9, 2023

4) Minimize food waste Minimizing waste is essential because food costs are one of the largest expenses that most restaurants have to contend with. As a general concept, these health and safety standards dictate the appropriate ways to store, prepare, and serve the food your customers order.

Operations