Paper Chase Accountancy

MAY 22, 2025

From setting up a system, managing labor costs, to forecasting and financial strategy, it’s all covered here. Key Takeaways Establishing a comprehensive restaurant cost accounting system is crucial for tracking profits, managing cash flow, and ensuring financial health. But what’s the real kicker?

Cash Management

Lavu

JULY 11, 2025

Cloud-Based POS Systems are transforming how restaurants operate by enabling remote management, faster updates, and seamless integration with other tools. From streamlining orders to managing inventory and staff, these systems provide the tools restaurant owners need to stay competitive in 2025 and beyond.

POS

Paper Chase Accountancy

JUNE 16, 2025

These ratios provide valuable insights into operational efficiency, cost management, and overall profitability. Specialize in accounting for restaurants and bars to accurately interpret the results from the profitability calculator. Implement effective inventory management. Let’s explore this further.

Hotels

Paper Chase Accountancy

JUNE 16, 2025

These ratios provide valuable insights into operational efficiency, cost management, and overall profitability. Specialize in accounting for restaurants and bars to accurately interpret the results from the profitability calculator. Implement effective inventory management. Let’s explore this further.

Hotels

Lavu

JUNE 6, 2025

This guide breaks down 28 proven strategies that help cut unnecessary expenses, streamline operations, and boost profitability—whether you manage a small café or a multi-location chain. Discovering new ways to reduce costs in restaurant management can boost profits. Let’s dive into what really works in today’s competitive landscape.

Loyalty Program

Lavu

JUNE 30, 2025

A well-designed POS system improves restaurant operations by streamlining order management, speeding up transactions, and delivering real-time insights that help optimize every aspect of the business. A modern POS system is more than just a cash register – it’s the operational hub of your restaurant. Want to know more?

POS

Paper Chase Accountancy

JULY 9, 2025

Paperchase Senior Account Manager Ruhel Ahmed discusses the nuance of labor costs: “This metric includes employer payroll tax and management salaries. Food/Beverage Sales: What percentage of your revenue should be coming from food and what percentage of sales are from beverages.

Hospitality

Paper Chase Accountancy

JULY 24, 2025

These books aid in tracking sales, managing payroll, and handling expenses accurately. 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.

Book

Paper Chase Accountancy

JUNE 23, 2025

Key Takeaways Evaluate potential accountants for their expertise in restaurant-specific financial management and industry regulations. Understanding the Role of a Restaurant Accountant in London Understanding the role of a restaurant accountant in London is crucial for successful financial management of your establishment.

Cash Management

Paper Chase Accountancy

MAY 20, 2025

Key Takeaways Restaurant bookkeeping requires specialized tools and systems, including management software, POS systems, and a well-structured chart of accounts. These hospitality accounting services offer hospitality finance solutions, vital for accounting for restaurants and bars.

Cash Management

Paper Chase Accountancy

JUNE 15, 2025

Specialized hospitality accounting solutions provide efficient, industry-specific financial management. Hospitality accounting services provide industry-specific expertise, crucial for accounting for restaurants and bars. Time-saving: Owners can devote more time to operational tasks as opposed to labor-intensive financial management.

Operations

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? Key Takeaways Understanding restaurant-specific accounting fundamentals is crucial for managing revenue and expenses effectively.

Cash Management

Paper Chase Accountancy

JUNE 12, 2025

The use of advanced technologies like AI and machine learning in financial management can unlock growth by providing real-time insights for decision-making. These hospitality finance solutions assist in tracking revenue, managing expenses, and ensuring compliance with industry regulations. Learn more about our Accounting Services !

Hotels

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. Key Takeaways The right bookkeeping service optimizes financial management, potentially increasing annual profits by 20% in restaurants. Let’s dive into this critical discussion.

Cash Management

Paper Chase Accountancy

JULY 21, 2025

These specialized accounting methods can simplify financial management in hospitality businesses, from small cafes to large resort chains. Key Takeaways Hospitality accounting solutions streamline financial management and ensure regulatory compliance, vital for growth in the industry.

Hospitality

Perfect Daily Grind

JUNE 6, 2025

Kansas City, US) Thu, 5, Jun – Löfbergs appoints Henrik Biilmann as Managing Director of Peter Larsen Kaffe. The first machine is installed at Tapps Wine Bar, with further rentals planned across the South West. Houston, US) Wed, 4 Jun – Linear by Blueprint Coffee launches three new RTD beverages.

2025

Modern Restaurant Management

APRIL 29, 2025

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features trends in off-premise, coffee wars, the AI lifeline, the return of lunch, and how teens spend their dollars. In a world where marketing is expected to deliver both brand equity and measurable growth, that clarity is mission-critical.”

Reservations

Modern Restaurant Management

NOVEMBER 1, 2024

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of how restaurants are a saving grace for malls, the economic impact of Taylor Swift in town, and how influential reviews can be. Inflation (or the increased costs of goods and services) is still a top pain point for operators (15 percent).

Point of Sale

Perfect Daily Grind

JULY 11, 2025

Prototype locations feature flexible bar layouts, zoned seating areas, integrated digital order screens, and dedicated mobile pick-up drawers to streamline service flow and enhance the customer experience as part of the Back to Starbucks efficiency drive. Paris, France) Thu, 10 Jul – Raise the Bar launches its barista education event.

2025

Restaurant Engine

MAY 14, 2025

Its the loyal, returning customers who generate consistent cash flow for your restaurant. Several platforms offer robust loyalty management systems. Have information about your loyalty program at your host stand, the bar, checkout area, in a table tent, on receipts, and menus. Do a search online, and youll find quite a few.

Loyalty Program

Lavu

JUNE 13, 2025

Running a successful bar isn’t just about great drinks—it’s about the people who serve them. Whether you’re launching a new bar or improving an existing one, this guide shares 13 proven rules to help you build a bartending team that drives repeat business and boosts your bottom line. Treat it as such.

Training

Paper Chase Accountancy

JULY 15, 2025

Yet, behind this vibrant scene, there’s a complex world of financial management that’s often overlooked. Amid managing suppliers, staff, and daily operations, does a restaurant owner really have the time or expertise to effectively handle the financial side of the business?

Cash Management

Modern Restaurant Management

NOVEMBER 27, 2024

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of Drinksgiving and Thanksgiving trends, FSR challenges, and "out-of-the-box" dining habits. Tech Adoption 65 percent of restaurants adopted new technology to manage labor, though 27 percent still use manual scheduling.

2025

SpotOn

JULY 15, 2025

But behind the stick (industry slang for the bar), it’s not all free shots and big tips.  Photo by Kike Salazar N / Unsplash To anyone enjoying a few drinks at a bar top, bartending appears to consist of mixing and pouring drinks and talking to customers. What does a bartender actually do?

Front of House

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. Comparing and selecting appropriate accounting solutions can greatly impact business efficiency in the hospitality sector.

Hospitality

Hot Schedules

MARCH 11, 2025

🔑 The Fix: Smart inventory management keeps track of every item, auto-replenishes stock at optimal levels, and reduces waste. Your F&B Costs Aren’t as Locked Down as You Think Food and beverage is one of the biggest revenue drivers—but also one of the hardest to control. The result? Learn more today!

Hotels

7 Shifts

AUGUST 18, 2024

Opening and owning a bar is one of those unique life experiences; you have no idea what it will be like until you actually go for it. In this guide, we're covering everything you need to know about owning a bar to prepare as well as you can for the big opening day. How Do I Run a Profitable Bar?

Bar

Modern Restaurant Management

MARCH 11, 2020

US Foods Holding Corp.entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management, Inc. NYSE: APO) (the “Apollo Funds”) for $970 million in cash. US Foods Springs into Helping Bars and Grills.

Bar

Embrace the Suck

APRIL 26, 2020

In fact, the bars and restaurants that fail to capitalize on their data will find themselves in hot water. That’s happening to your bar or restaurant right now. ” It’s important to track numbers in your bar or restaurant. You want to keep an eye on the pulse (or profitability) of your restaurant or bar.

Cash Management

Modern Restaurant Management

JUNE 30, 2020

It’s relevant today because it helps restaurant leaders contend with enduring issues like crisis recovery, demand fluctuations, food waste, keeping the human touch, managing change, and retaining employees. In this excerpt, Gaudet describes learning how the new system would improve the work of managers, baristas, and support partners.

Management

Modern Restaurant Management

MAY 5, 2021

In this edition of MRM Research Roundup, we have news on understanding customer loyalty, beverage insights, restaurant supply loyalty, the influence of discounts, the state of payments and the evolution of gift cards. velocity in Neighborhood Bars has grown by 447 percent vs the equivalent week in 2020. " Beverage Insights.

2021

Modern Restaurant Management

MARCH 13, 2020

As the Coronavirus crisis continues, Modern Restaurant Management (MRM) magazine asked industry insiders what best practices restaurants should have in place for social distancing, as per CDC guidelines. Make it clear to the servers to limit the number of times they are touching cash and credit cards. "Social Pellegrini, Jr.

Front of House

Modern Restaurant Management

AUGUST 5, 2020

and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform. The bites will also be served with the option of twelve different dips, along with regular or sweet potato Tyga Tots, chocolate chip cookies, and beverages.

Food Safety

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. " – John Oakes, Revenue Management Solutions CEO. Spirit-based, ready-to-drink beverages will continue show vast white space, and bourbon should continue to thrive.

2023

Modern Restaurant Management

FEBRUARY 4, 2022

This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases. A short menu can slim down the food costs through streamlined inventory management, as well as reduced food waste. Pizza companies have long managed their delivery services independently.

2022

Modern Restaurant Management

APRIL 27, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. Best practices for calculating cash flow. based strategy and design firm, just launched a free pandemic relaunch toolkit for restaurants and bars.

Webinar

7 Shifts

JULY 1, 2024

Running a bar is a lucrative business, proven by the fact that this industry is estimated to be valued at a whopping $36 billion in 2024. While this could be a rewarding venture, opening a bar is not exactly the same as opening a food business. How profitable is a bar?

Bar