Paper Chase Accountancy

JUNE 16, 2025

It can help streamline cash flow and reduce overhead costs, all while ensuring compliance with ever-changing NYC tax regulations. By optimizing cash flow and improving cost-efficiency, outsourced bookkeeping can boost profit margins and reduce unnecessary expenses. The benefits are clear.

Cash Management 82

Cash Management Restaurant Law Hotels Hospitality 82

The Restaurant Group

APRIL 18, 2025

A restaurant accountants responsibilities typically include tasks such as recording transactions in the general ledgerthe master document for capturing financial transactions. Basic Methods of Restaurant Accounting Cash Basis Accounting Cash basis accounting records transactions when cash changes hands.

Management 78

Management Management Cash Management Inventory 78

Modern Restaurant Management

MARCH 11, 2020

US Foods Holding Corp.entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management, Inc. NYSE: APO) (the “Apollo Funds”) for $970 million in cash.

Bar 386

Bar Cash Management Loyalty Program Point of Sale 386

7 Shifts

AUGUST 18, 2024

This document will outline your bar's concept, menu, marketing strategy, and financial projections. Specialty bars focus on a particular type of drink or theme, such as wine bars or cigar bars, but can be much more expensive to manage. Hiring a Strong Team You'll need a manager, bartenders, waiters, and security.

Bar 370

Bar License Email Marketing Customer Service 370

7 Shifts

SEPTEMBER 16, 2024

The goal is to determine the total amount of cash flow that will be available to the new owner after accounting for these types of expenses. Profitability Showing consistent profits and positive cash flow can increase the perceived value of your restaurant.

2024 195

2024 Document Cash Management Point of Sale 195

Modern Restaurant Management

APRIL 14, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. The National Restaurant Association-managed site also provides a direct connection to the industry’s grassroots engagement platform.

Online Ordering 530

Online Ordering Back of House Small Business Customer Service 530

7 Shifts

AUGUST 18, 2024

But the challenges don’t stop there—once open you have to focus on improving processes, managing labor schedules, and controlling restaurant costs. Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. This is only a guideline.

License 370

License Equipment POS Food Supply 370

7 Shifts

JULY 20, 2024

Components of a restaurant’s financial report The food and beverage sales report, prime costs report, inventory report, profit and loss (P&L) statement, and cash flow statement are all critical components of a restaurant's financial management. Labor costs can quickly eat into your profits if not managed carefully.

2024 221

2024 Cash Management Inventory Waste 221

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 52

Cash Management Franchise Franchising Tip Distribution 52

7 Shifts

JANUARY 5, 2024

New York also allows employers to claim a tip credit , reducing the cash wage requirement by one-third of the minimum wage. New York law also says that employers must make it clear to customers when special administrative charges (such as banquet or special event fees) are not tips. Who is considered a tipped worker in New York?

Restaurant Law 195

Restaurant Law Cash Management Tip Distribution Employee Relations 195

Lavu

MAY 16, 2025

Managing payroll in a fast-paced restaurant environment isnt just about cutting checksits about accuracy, compliance, and keeping your team satisfied. Yet, restaurant payroll management often comes with challenges like time tracking errors, tax issues, and inconsistent scheduling. compared to in-house systems.

Tip Distribution 78

Tip Distribution Management Management Cash Management 78

7 Shifts

JANUARY 5, 2024

New York also allows employers to claim a tip credit , reducing the cash wage requirement by one-third of the minimum wage. New York law also says that employers must make it clear to customers when special administrative charges (such as banquet or special event fees) are not tips. Who is considered a tipped worker in New York?

Restaurant Law 195

Restaurant Law Cash Management Tip Distribution Employee Relations 195

EATER

DECEMBER 8, 2023

The company, well aware of the intense affection its specialty bottles have generated ever since, has fully cashed in on collectors’ enthusiasm. and Pei recently documented the affection he inherited for the brand to win the brand’s Love Unbottled contest. The Kikkoman soy sauce bottle in its many iterations.

Design 345

Design Food Supply 2001 Employee Relations 345

Modern Restaurant Management

JULY 15, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features Grubhub's State of the Plate 2020 trend report, the fragility of "open," di g ital resilience and brand intimacy. Financial Trends Insights. Digital Resilience. Using data collected between February 1 through May 1, 2020 from five U.S.

2020 487

2020 Mobile Ordering Point of Sale Food Supply 487

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 52

Bar Cash Management Point of Sale Back of House 52

7 Shifts

OCTOBER 20, 2022

Specifically, The DOL applied the updates to the amendments that occurred in 2018 in section 3(m) and other sections in the Fair Labor Standards Act: First, employers, supervisors, and managers cannot keep employee tips under any circumstances, even in a tip pool. Managers that have the authority to fire employees cannot be included.

Tip Distribution 195

Tip Distribution Restaurant Law 2023 Cash Management 195

Modern Restaurant Management

DECEMBER 27, 2019

” Through the integration, Appetize consolidates all ordering and feeds transaction data in real-time into Restaurant365, to integrate with back office functions like accounting, staff management, reporting, and analysis. .” million of cash, subject to purchase price adjustments, $27.0 ParTech Completes Acquisition.

Mobile Ordering 309

Mobile Ordering Customer Service Point of Sale Customer Experience 309

7 Shifts

JULY 1, 2024

From choosing a concept and securing the necessary documentation to hosting your grand opening, we've outlined the complete process of opening a bar. This is because corporations require lots of documentation to be filed and have stakeholders, which isn’t something you want to go through as a first-time bar owner.

Bar 221

Bar License Food Supply Restaurant Law 221

Buzztime Business

FEBRUARY 3, 2021

NTN will be holding its special meeting of stockholders to consider the merger, the asset sale and related proposals on March 15, 2021 at 9:00 a.m., Additional details regarding the proposals and the special meeting will be made available in the proxy statement/prospectus/consent solicitation statement relating to the special meeting.

Specials 60

Specials Cash Management Point of Sale Employee Relations 60

Xtra Chef

DECEMBER 11, 2019

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.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Paper Chase Accountancy

JUNE 5, 2025

It’s a complex arena, where revenue management, cost control, and financial reporting intermingle with unique business elements such as seasonality, customer service, and the unpredictability of guest behavior. Key Takeaways Finance is vital in the hospitality industry, with specialized accounting practices for hotels and restaurants.

Hospitality 52

Hospitality Cash Management Hotels Restaurant Law 52

Focus POS

JUNE 17, 2019

It’s a system that takes the place of a traditional cash register and provides much more than basic transaction functionality. Restaurant point of sale software empowers businesses to control labor costs, manage inventory, and have deeper visibility into business operations. POS for Restaurant Franchise Management.

Point of Sale 113

Point of Sale Cash Management POS Mobile Ordering 113

Bottleneck Management

JANUARY 12, 2023

You can set goals like not drinking on weekdays, cutting your weekly alcohol consumption in half, or only drinking at special events. Taking a month off is a great way to save a little cash after the holidays. Track how much money you save: Document how much money you save by not buying your favorite alcoholic beverages in January.

2013 148

2013 Cash Management Beverage Document 148

Apicbase

JULY 16, 2024

That’s because, next to inventory management, F&B purchasing mistakes are the number #1 reason why operators struggle to get their food costs under control. Procurement management in a multi-unit or multi-concept environment. If you’re in the management division, this will help every new procurement officer hit the ground running.

Operations 98

Operations Point of Sale Inventory Food Order 98

Restaurant365

JUNE 2, 2020

You can’t run a restaurant without employees, which means that processing payroll is an essential task for restaurant owners, operators, and managers. When you have restaurants in multiple states and cities, the difficulties of managing your payroll are multiplied. What percentage of sales should payroll be?

Tip Distribution 109

Tip Distribution Restaurant Law Front of House Cash Management 109

SpotOn

FEBRUARY 4, 2025

But it’s not set in stone—it’s a living document that reflects your restaurant’s personality and evolution and is an important tool for maximizing profitability. Once you’ve decided what’s on your permanent menu, you can create some flexibility by adding daily or weekly specials.

Design 52

Design Menu Seasonal Menu Social Media 52

Lavu

JANUARY 21, 2020

This includes communication of financial statements like income statements, balance sheets, and cash flow. The process allows restaurant owners and managers to document all financial transactions of the business and determine how well it is performing. Better Financial Management. Better Tracking of Cash Flows.

Cash Management 78

Cash Management Point of Sale Inventory Information 78

Buzztime Business

MARCH 1, 2021

NYSE American: NTN) unanimously urges NTN’s stockholders to vote FOR ALL the proposals to be voted on at the March 15, 2021 special meeting of stockholders, all of which relate to the proposed merger involving NTN and Brooklyn ImmunoTherapeutics LLC (“Brooklyn”) and the proposed sale of NTN’s assets to eGames.com Holdings LLC (“eGames.com”).

Cash Management 60

Cash Management Point of Sale Document Employee Relations 60

Restaurant Clicks

SEPTEMBER 18, 2020

By managing to successfully run a food truck, you cut a lot of maintenance, utility, and wage expenses that come with owning a restaurant. Special deals and unique food items are other ways to stand out in a crowd. Food Truck Management. It helps to provide a visual tree of how the management chain will work out.

Food Truck 101

Food Truck Food License Social Media 101

Restaurant365

MARCH 30, 2020

Your insurance company and local area may have special considerations and regulations. Without payment processing capabilities, you will need to process transactions over the phone, which can be a costly security risk, or through cash, which is now a health risk [more on this in the accounting section below].

Delivery 78

Delivery Operations Insurance Cash Management 78

BNG Point of Sale

OCTOBER 13, 2021

POS systems are similar to cash registers, but because they are computer-based, they give you access to a wealth of data about your convenience store business. The sophisticated and detailed sales reports generated by a POS system are its main advantage over a cash box or a cash register. Easier Tracking Staff Actions.

POS 52

POS Point of Sale Cash Management Loyalty Program 52

The Food Corridor

NOVEMBER 29, 2022

While pre-payment for monthly plans is a best practice for kitchen cash flow purposes, do what works best for your kitchen and clientele. You will also want to outline the types of payment methods you accept (checks, cash, credit card, automatic clearing house) and how the client can get the payment to you.

Equipment 52

Equipment Food Supply Book Kitchen Safety 52

Touch Bistro

SEPTEMBER 21, 2021

This essential document serves as a blueprint for your vision and details all the different steps you’ll need to take in order to turn your business dreams into reality. A restaurant business plan is a written document that outlines your business goals and how you will go about achieving those objectives.

Document 52

Document License Download Insurance 52

The Restaurant Expert

JANUARY 29, 2019

A budget takes you from a reactive mode – constantly putting out fires and dealing with cash emergencies – to a proactive mode where you can plan for profits. Your budget is a living, breathing document and will be adjusted. A restaurant budget is a document that keeps you headed in the right direction.

Document 58

Document Cash Management Download Take-out 58

Margin Edge

JUNE 13, 2019

This article looks at some best practices in restaurant accounting and then offers some tips on helpful features of modern accounting systems – all from the perspective of owners and managers (no finance degree required!). Timing is Everything: Accrual vs Cash Reporting. Access Anywhere.

Cash Management 40

Cash Management Food Supply Small Business Information 40

BNG Point of Sale

DECEMBER 6, 2021

There are even programs that allow you to manage expenditures and accounts payable, in addition to sales. . You can also use a point-of-sale system for other things such as inventory management. Some systems allow you to manage digital signage in addition to everything else that comes with a POS program. .

Point of Sale 52

Point of Sale POS Cash Management Customer Service 52

Open for Business

OCTOBER 20, 2023

This document is helpful for you as well as potential investors. Craft a comprehensive financial blueprint to manage your restaurant’s expenses. It’s so much more than a way of processing transactions: POS systems track sales, manage inventory, and even generate reports that offer insights into customer behavior.

License 78

License Front of House Email Marketing Social Media 78