Paper Chase Accountancy

JULY 2, 2025

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. That’s akin to managing a restaurant without monthly accounting.

Cash Management

Restaurant Business

JUNE 11, 2025

11, 2025 Facebook Twitter LinkedIn 7-Eleven is among the growing list of retailers and restaurants offering deals to lure cash-strapped consumers this summer. After fast-casual chain &Pizza heard from customers that its prices were too high , it lowered them late last month and simplified its menu structure to highlight affordable options.

Fast Casual

The Restaurant Group

APRIL 18, 2025

Effective accounting procedures are essential to ensure the steadiness and durability of a restaurants assets, from tracking cash flow to managing expenditures and profits. Basic Methods of Restaurant Accounting Cash Basis Accounting Cash basis accounting records transactions when cash changes hands.

Management

Lavu

JULY 18, 2025

For instance, if you have a specific color scheme in your restaurant or font on your menu, with an open API you can change the background, in-application color schemes, and font to match your current restaurant brand. Increase profits with a Cash Discount Program to help offset payment processing fees.

POS

SpotOn

FEBRUARY 26, 2025

Joe Nicholson was a manager and tech consultant at one of the busiest restaurants in Sacramento, CA—Tower Cafe. Now, as a copywriter at SpotOn, he helps restaurant owners and managers learn how to run a more profitable operation. That could simply be food sales , alcohol , and non-alcoholic beverages. Prime costs.

License

The Restaurant Group

FEBRUARY 23, 2025

Imagine knowing exactly what’s in your pantry at any given momentno more unexpected 86’d menu items or last-minute supplier scrambles. With a solid Restaurant Inventory Management system, your kitchen runs like a well-tuned engine, keeping operations smooth and your customers happy. What Is Restaurant Inventory Management?

Inventory

Paper Chase Accountancy

JULY 25, 2025

We’ll explore the specialized functions, the day-to-day realities of managing finances, and critically, how modern solutions like outsourced bookkeeping and cloud-based tools empower these businesses to not just survive, but thrive and stay profitable in a highly competitive market. Discover best practices and common pitfalls to avoid.

Hospitality

Perfect Daily Grind

AUGUST 3, 2025

Roasters, meanwhile, are shifting to smaller, regional-format events to manage tighter marketing budgets. Non-coffee products take centre stage One of the key changes at coffee events this year has been the trend towards non-coffee beverages and products. Recent data supports this pivot.

Events

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

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 30, 2025

Effective bookkeeping and financial management, including proper inventory and labor cost control, are vital for the financial success of nightlife venues. Hiring professionals with expertise in hospitality accounting can provide tailored services, navigate industry complexities, and manage complex tax structures.

Bar

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

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

JUNE 16, 2025

These ratios provide valuable insights into operational efficiency, cost management, and overall profitability. Core Profitability Ratios for Restaurant Owners In the realm of restaurant management, understanding core profitability ratios is crucial. 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. Core Profitability Ratios for Restaurant Owners In the realm of restaurant management, understanding core profitability ratios is crucial. Implement effective inventory management. Let’s explore this further.

Hotels

Lavu

AUGUST 1, 2025

From managing daily orders to tracking inventory and improving customer experience, today’s POS solutions go far beyond basic transactions. How a Coffee Shop POS System Helps You Manage Coffee Bean Inventory with Ease Sipping a beautiful cup of coffee, espresso, or cold brew can be a wonderful experience or a nightmare.

POS

Lavu

AUGUST 8, 2025

Whether you run a quick-service café or a full-service restaurant, switching to an iPad POS system in 2025 can streamline everything from order-taking to inventory management. Simplified management : Automates inventory tracking and staff scheduling. The restaurant industry is evolving, and outdated systems are slowing businesses down.

POS

Paper Chase Accountancy

MAY 21, 2025

They require specialized support that understands the intricacies of fluctuating revenues, high labor costs, and complex inventory management. This volatility makes accurate forecasting and consistent cash flow management incredibly challenging.

Hospitality

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 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 15, 2025

Specialized hospitality accounting solutions provide efficient, industry-specific financial management. Using hospitality accounting services and hotel accounting services can significantly reduce errors and inefficiencies in financial management. Learn more about our Accounting Services !

Operations

Perfect Daily Grind

JUNE 6, 2025

Kansas City, US) Thu, 5, Jun – Löfbergs appoints Henrik Biilmann as Managing Director of Peter Larsen Kaffe. Summer menu collaboration features 28 percent white chocolate blended with award-winning ceremonial matcha, available iced, as a milkshake, or hot chocolate. It opened its first drive-thru store in Houston.

2025

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

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. The Darden Restaurant-owned brand rated top for fast service, fresh food, accurate orders, and customizable menu options.

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

Restaurant Engine

MAY 14, 2025

Its the loyal, returning customers who generate consistent cash flow for your restaurant. Promoting new menu items or events. Several platforms offer robust loyalty management systems. With a mobile app, you also have access to a goldmine of data to inform your marketing strategy and menu development. Getting new reviews.

Loyalty Program

Perfect Daily Grind

JULY 11, 2025

The Berlin-based roastery opened its inaugural UK café in Fitzrovia, introducing its single-origin pour-overs and espresso-focused menu to London as part of its expansion into premium hospitality markets. Mixue’s sub-$1 beverages and agile trend adaptation have grown its network to over 46,000 outlets and a $25 billion valuation.

2025

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

Paper Chase Accountancy

AUGUST 11, 2025

Hospitality accountants play a crucial role in financial management, strategic planning, and regulatory compliance to enhance performance and reduce costs. Accounting for restaurants and bars involves unique challenges like tracking daily sales, cash flow management, and food cost control.

Hospitality

Paper Chase Accountancy

AUGUST 5, 2025

Just as a master chef stirs the perfect blend of spices into a dish, so too must restaurant owners in Los Angeles blend their passion for food with a keen understanding of financial management. Key Takeaways Los Angeles bookkeeping services specialize in managing restaurant finances, aiding in audit readiness and cash flow management.

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

Modern Restaurant Management

FEBRUARY 27, 2023

It is important to consider if the first location has the cash flow to help financially carry the second location for a period of time if needed. Below are seven tips to improve the cash flow and make the most out of a current location to ensure a steady stream of revenue to serve as a buffer through those first months.

Cash Management

Modern Restaurant Management

AUGUST 27, 2024

By the time you manage inventory, staffing, customer demand and narrow profit margins, the last thing you want to think about is the IRS. Restaurants, like other cash-intensive businesses, are a frequently targeted for audits by the IRS. Operating a restaurant is not easy. This allows the auditor to verify the expenses.

Audits

Culinary Cues

MARCH 26, 2022

Well, you have all heard the statistics about success and failure when food and beverage are involved, so I won’t repeat them. Again, turn to the National Restaurant Association for guidance. [] PRICING YOUR MENU BY COMPARISON. Every business requires controls in pricing, consistency, quality, and cash handling. Service is off.”

Cash Management

Modern Restaurant Management

SEPTEMBER 15, 2020

SALIDO leverages design, data, and workflow management to optimize both front- and back-end operations. With the integration of both platforms, first-party orders made through Lunchbox will effortlessly feed into Ordermark’s platform to ensure that restaurants can manage both first-party and third-party orders from one location.

Fast Casual

Embrace the Suck

APRIL 26, 2020

To get you started down the KPI Mastery path, let’s start with the basic metrics: Cash Flow. Cash flow is simply the amount of money going in and out of the restaurant. It’s essentially how much cash you have on hand. Cash flow = Cash input - cash output. Allow me to help you manage your KPIs.

Cash Management