Paper Chase Accountancy

JUNE 16, 2025

Did you know that nearly 60% of restaurants fail within the first year due to financial mismanagement? It’s critical for restaurant owners to understand and monitor key profitability ratios to ensure financial health and longevity. In essence, restaurant profitability ratios are integral to a restaurant’s fiscal success.

Hotels

Paper Chase Accountancy

JUNE 16, 2025

Did you know that nearly 60% of restaurants fail within the first year due to financial mismanagement? It’s critical for restaurant owners to understand and monitor key profitability ratios to ensure financial health and longevity. In essence, restaurant profitability ratios are integral to a restaurant’s fiscal success.

Hotels

Modern Restaurant Management

DECEMBER 18, 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 2025. It is atop the list for restaurants looking to modernize, differentiate, and elevate experiences. Data, Data, Data. As of 2024, over half of U.S.

2025

Paper Chase Accountancy

JULY 25, 2025

See how restaurant bookkeeping fits into broader hospitality accounting practices. Restaurants and Food Service: Including fine dining, fast casual, QSRs, cafes, and catering. Fluctuating Occupancy/Demand: For hotels, occupancy rates directly impact revenue, while for restaurants, daily covers drive sales. FICA tip credit).

Hospitality

Lavu

JUNE 26, 2025

Running a successful restaurant isn’t just about great food and service—it’s also about smart financial management. Restaurant accounting tips plays a crucial role in tracking expenses, managing cash flow, and maximizing profitability. You cannot manage your restaurant properly without going into the accounting details.

2025

Paper Chase Accountancy

MAY 22, 2025

Navigating the labyrinth of cost accounting in the restaurant industry can feel like trying to solve a Rubik’s Cube in the dark. Key Takeaways Establishing a comprehensive restaurant cost accounting system is crucial for tracking profits, managing cash flow, and ensuring financial health.

Cash Management

Paper Chase Accountancy

JUNE 23, 2025

Selecting the right accountant for your London-based restaurant can be as critical as choosing the perfect ingredients for your signature dish. Key Takeaways Evaluate potential accountants for their expertise in restaurant-specific financial management and industry regulations. What Makes a Great Accountant for Restaurants?

Cash Management

Paper Chase Accountancy

JUNE 30, 2025

This discussion will provide a roadmap for mastering the art of accounting in the world of restaurants and bars. Key Takeaways Understanding hospitality accounting is crucial for efficiency, profitability, and making informed business decisions in restaurants and bars. Let’s proceed to uncover that secret.

Bar

Paper Chase Accountancy

MAY 30, 2025

This fundamental discipline, when expertly managed, ensures the financial health of restaurants and hotels, enabling them to thrive even in challenging market conditions. This specialized area of accounting involves managing the financial transactions and obligations of hospitality businesses, such as NYC restaurants and hotels.

Hotels

EATER

JANUARY 22, 2025

This years awards include three brand-new categories: Best New Bar (given to a new wine bar, beer bar, cocktail bar, coffee bar, or any other business whose primary offering is beverage that already demonstrates excellence), Outstanding Professional in Beverage Service, and Outstanding Professional in Cocktail Service.

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? 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 21, 2025

Hotels, restaurants, and sprawling F&B groups operate within a unique financial landscape, demanding far more than generic bookkeeping. Uncover the myriad benefits of combining robust advisory and accounting support for both restaurants and hotels. Learn more about our Accounting Services !

Hospitality

Paper Chase Accountancy

MAY 20, 2025

In the bustling world of gastronomy, the art of restaurant bookkeeping often takes a backseat. There’s much to explore, and the answers might just transform your restaurant business. Outsourced accounting services can provide cost-effective, expert solutions, allowing restaurant owners to focus on core business operations.

Cash Management

Paper Chase Accountancy

JUNE 2, 2025

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?

Tip Distribution

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. A restaurant’s survival isn’t just about cooking delicious food; it’s also about maintaining a healthy bottom line. Let’s dive into this critical discussion.

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. “Off-premises dining has become a key revenue driver and an essential way to engage consumers,” said Dr. .

Reservations

Paper Chase Accountancy

JUNE 15, 2025

Just as the pony express gave way to email, so too are traditional restaurant operations being replaced by outsourcing. When a restaurant chooses to outsource, it’s not simply about cutting costs. It comes with its own set of considerations that can significantly impact a restaurant’s bottom line.

Operations

Paper Chase Accountancy

JUNE 12, 2025

Just like a key can unlock a door, innovative hospitality finance solutions can open up new avenues of growth for hotels and restaurants. Key Takeaways Understanding hospitality finance is vital for tackling industry-specific challenges and driving growth in hotels and restaurants. Learn more about our Accounting Services !

Hotels

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. Key Takeaways Hospitality accountants offer specialized financial services for hotels and restaurants, managing assets and ensuring regulatory compliance.

Hotels

Modern Restaurant Management

DECEMBER 17, 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 2025. I think 2025 will be the year restaurants focus on turning insight to action through integrations.

2025

Paper Chase Accountancy

JULY 15, 2025

Imagine a bustling restaurant, where the sizzle of the grill and the clink of glasses form a symphony of success. 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? Learn more about our Accounting Services !

Cash Management

Paper Chase Accountancy

JULY 30, 2025

Consider a bustling city hotel, its rooms booked solid and restaurant brimming with diners. Accuracy in hospitality accounting is crucial for informed decision-making, avoiding legal issues, and ensuring financial health. These services can help restaurants navigate their unique financial landscape, ensuring accuracy and compliance.

Hospitality

Paper Chase Accountancy

JUNE 5, 2025

Key Takeaways Finance is vital in the hospitality industry, with specialized accounting practices for hotels and restaurants. It’s essential to acknowledge that accounting in the restaurant sector is more intricate than it appears at first glance.

Hospitality

Modern Restaurant Management

DECEMBER 14, 2020

The pandemic has changed the physical and economic environment in which restaurants operate. Food delivery can be done either through the restaurant itself or through unrelated third-party online food delivery services. Marketplace Collection Laws. Today, all but three states with a state sales tax have enacted such laws.

Restaurant Law

Modern Restaurant Management

JULY 23, 2024

When we talk about the “restaurant of the future,” labor compliance isn’t exactly the flashiest or most exciting topic to include—certainly not when juxtaposed with salad-making robots and personalized digital menus. Restaurants face a multifaceted compliance situation.

Restaurant Law

Modern Restaurant Management

JUNE 30, 2021

Nair, a partner at Ervin Cohen & Jessup LLP compiles recent legal news affecting the restaurant, food and beverage and hospitality industries for Modern Restaurant Management (MRM) magazine. Restaurant Revitalization Fund Replenishment Act Introduced : On June 8, 2021, a bipartisan group of Senators and U.S.

2021

7 Shifts

OCTOBER 30, 2023

Florida is a great place to operate restaurants thanks to its huge tourism draw and an influx of retirees with disposable income. But beyond minimum wage laws, there are other Florida-specific regulations—like overtime laws and child labor laws—that affect the restaurant and hospitality industry.

Restaurant Law

7 Shifts

APRIL 29, 2021

Nearly 6 weeks after the American Rescue Plan was signed into law, the Restaurant Revitalization Fund is a reality. billion in grants for restaurants to use to cover everything from payroll to rent. Any establishment that serves food or beverages to guests is eligible. This includes: Restaurants. How do I apply?

Restaurant Law

Modern Restaurant Management

MARCH 3, 2020

Nair, a partner at Ervin Cohen & Jessup LLP compiles recent legal news affecting the restaurant, food and beverage and hospitality industries for Modern Restaurant Management (MRM) magazine. The law went into effect on January 1, 2020. Litigation. The bill was approved by the City Council on January 23, 2020.

2020

Modern Restaurant Management

MARCH 13, 2020

What are some ways restaurant owners and operators can be safe and welcome guests while maintaining social distance? 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.

Front of House

Modern Restaurant Management

FEBRUARY 27, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the National Restaurant Association's State of the Indusrty Report, food industry pressures, foodservice opportunities, influencer marketing, foot traffic analysis and the dining-out dollar. 2020 State of the Restaurant Industry.

2020

Modern Restaurant Management

AUGUST 17, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features consumers' dining desires, the power of personalization and the untapped opportunity in localized marketing. Fatigued by cooking at home, consumers are anxious to dine at their favorite restaurants according to a new Oracle Food and Beverage study.

2020

Modern Restaurant Management

OCTOBER 5, 2020

As the COVID-19 pandemic continues, restaurant workers of all types need time off to rest, recharge, and hopefully return reinvigorated to serve your customers. Employers are encouraged to review applicable federal, state and local leave law provisions. Employers generally have leeway to approve or deny requests for time off.

Employee Relations

Modern Restaurant Management

MAY 21, 2020

Even though the COVID-19 pandemic persists across the globe, governments have started easing lockdown restrictions and allowing restaurants to reopen finally. High-end restaurants that tend to have a pricier menu should look to add more affordable items. Rid yourself of the non-essentials, get back to the basics, and work smart.

Social Media

Modern Restaurant Management

DECEMBER 23, 2021

Ahead of New Year’s Eve celebrations, Society Insurance, which provides coverage to the hospitality industry, has put together the top four tips on how a restaurant can protect themselves, their patrons and their employees as well as create a safer environment on Dec. Understand Your State’s Dram Laws. 31 and beyond.

Insurance

Modern Restaurant Management

NOVEMBER 12, 2019

In the food and beverage business, “buzz” is a valuable commodity that can make your restaurant, bar, or brewery the place to be. Once this buzz is generated, though, how can you stop the new restaurant in town from hiring away your sous chef and stealing your chef’s “secret recipes” in the process?

Brewery