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Serve Your Employees with Holistic Well-Being Benefits

Modern Restaurant Management

Mental Health Support Offer resources and support for employees’ mental health, such as employee assistance programs (EAPs), counseling services,andmindfulness training. Encourage open communication about mental health issues and provide training for managers on how to support employees who may be struggling.

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28 Strategies to Cut Costs in the Restaurant Business

Lavu

Book Your Free Demo Now How to Determine Labor Cost Percentage To determine the labor cost for a restaurant, you will need to calculate the total amount of money spent on labor (wages, salaries, benefits, etc.) Examples of fixed costs for a restaurant include rent, insurance, and equipment lease payments.

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Pandemic Reflections: What Lessons Has the Restaurant Industry Learned?, Part Three

Modern Restaurant Management

From a legal perspective, Insurance : the pandemic highlighted the limitations of insurance policies. Several high-profile restaurant groups brought litigation against insurance companies for their coverage position, but were ultimately unsuccessful. Another major shift has been how restaurants handle no-shows.

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Inside the World of Hospitality and Leisure Accounting

Paper Chase Accountancy

Complex Revenue Streams: Revenue can come from room nights, food and beverage sales, event bookings, spa services, merchandise sales, and more, each with different recognition rules and tax implications. Operating Expenses Utilities, marketing, supplies, rent, insurance. Fixed Assets Asset acquisition, depreciation, disposals.

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Restaurant Accounting Tips Made Simple: Expert Ways to Boost Profits in 2025

Lavu

Balancing your books and managing your finances are not really part of that overarching plan. Occupancy Expenses: This refers to fixed costs like rent, property taxes, utilities, and property insurance. This is because an accountant is both more trained and experienced in fieldwork than a bookkeeper.

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What a Nuclear Verdict Means for a Restaurant

Society Insurance

Society Insurance has spent 110 years helping protect businesses and has seen firsthand how nuclear verdicts have evolved in the U.S. Even if a restaurant doesn’t face a verdict, the prevalence of such cases can drive up insurance premiums industry-wide, increasing operating costs. Recent data shows that U.S.

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2024 Outlook: Restaurant Trends and Challenges, Part One

Modern Restaurant Management

” From serving food from hard-to-book restaurants and menu items like the latest chicken sandwich or charcuterie board taking TikTok by storm, photo-opp-worthy foods will be used as a draw to increase in-person attendance. I am concerned that rising insurance costs may force some chains to exit the market. Golden Corral is one.