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PPP Loans 2021: A Guide for Restaurants

7 Shifts

Instead, they partner with SBA-approved banks that foot the actual cash to qualifying small businesses. Have fewer than 500 employees (if you own multiple restaurant locations, then you'll need fewer than 500 employees per location). Provide the necessary documentation. Still be open and operational.

2021 195
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Essentials of Payroll Accounting for Restaurant Groups, Part 1

Restaurant365

From hiring and onboarding to running employee payments and paying taxes, payroll touches on many different parts of a restaurant business. Your restaurant orders, receives, and counts food all in one system: your inventory management software. Tracking labor and payroll data for restaurant employees.

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11 Restaurant Management Best Practices to Maximize Your Performance in 2021

Restaurant365

As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term. Manage cash flow by creating a cash flow forecast. Your total cash flow is your cash inflows (for restaurant. over a certain period of time.

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Relief Funds Raising Money to Help Restaurant Employees

Hot Schedules

Relief Funds Raising Money to Help Restaurant Employees. Nonprofit organizations across the country are accepting donations to support restaurant employees impact by Coronavirus (COVID-19). CORE: Children of Restaurant Employees. If you are a food or beverage service employee who has been diagnosed with COVID-19, apply here.

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How a Performance Improvement Plan Could Save You $80K

Bar and Restaurant Coach

In earlier posts, here and here , we talked about the importance of effective communication, and how owners and managers can create great alignment within their businesses to make sure the whole team is on the same page—pushing for the same goals. When it’s time to cut an employee loose – you just cut ‘em loose. Simple, right?

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5 Tips for Maximizing Restaurant Operations Management

Restaurant365

As a restaurant owner or manager, sometimes you may need to jump in to help keep business running smoothly. However, the day-to-day tasks can distract from the bigger-picture work that is essential for your long-term business health: restaurant operations management. What is restaurant operations management?

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Restaurant Accounting: The Ultimate Guide

Xtra Chef

Whether you are an executive chef, a seasoned restaurant finance executive, or an owner/operator who manages your own books, speaking the language of restaurant accounting will help keep all financial stakeholders on the same page. In Part 2, we’ll help you decide how best to manage accounting at your restaurant. Accounts Payable (i.e.