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Guest Blog: PPP Loan Forgiveness for Restaurants

Restaurant365

The restaurant informed the appropriate state unemployment insurance office of the employee’s rejected offer of reemployment within 30 days of the employee’s rejection. Payments for security systems, credit card processing, and waste removal are not specifically listed as eligible expenses within the forgiveness application.

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Employee Turnover is at an All-Time High: 5 Emerging Benefits Trends You Need to Know

Hot Schedules

health insurance and 401k plans), some creative thinking can create a work environment employees want to remain at without driving up expenses. How to Prevent Waste in Your Restaurants An understanding of comps and voids is key to loss prevention in the restaurant business. b3lineicon|b3icon-24hours|? Read More.

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Giving Your Business a Restaurant Prime Cost Tune-Up

Restaurant365

Your labor cost includes labor expenses such as wages for both salaried and hourly employees, payroll taxes, health or workers compensation insurance, and any benefits you offer. Employee Wages + Taxes + Benefits + Insurance = Total Labor Cost. However, this effort is wasted if you don’t also focus on your prime cost.

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How to Set Up and Run a Ghost Kitchen for Your Restaurant Business

Restaurant365

The focus of this blog post is to help existing restaurants launch their own ghost kitchens. Third-party apps can take 30% of your delivery earnings and in-house delivery has its own costs, such as salaries, vehicle maintenance, gasoline and insurance. How a ghost kitchen works. Another con is the cost of delivery.

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Essentials of Payroll Accounting for Restaurant Groups, Part 1

Restaurant365

This two-part blog series presents an overall guide to the essentials of payroll accounting for restaurant groups. Your fully burdened labor cost represents the labor costs of both your hourly and salaried employees, as well as related expenses such as payroll taxes, employee insurance, and employee benefits.

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Restaurant Cash Flow Management 101: Building Good Financial Habits

ChowNow

Inventory Management Whether it’s to ensure you have enough inventory to sell or to ensure you’re not wasting inventory, careful management is a key aspect of any successful restaurant. That includes rent, insurance and other utility suppliers as well. We’ll go into more detail on cash flow analysis in just a bit.

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12 Tips for Restaurant Delivery/Takeout During COVID-19 Crisis

Restaurant365

Before repurposing your FOH staff for delivery, check with your insurance carrier to ensure that you’re covered for off-premise activity. If you’re properly insured for delivery, you can keep your servers, bartenders and other FOH staff working during this uncertain time. Use staff for delivery.

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