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Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping

7 Shifts

Table of Contents 5 easy steps to simplify bookkeeping in the restaurant industry Essential accounting and bookkeeping reports for restaurant owners and managers Identifying and reducing controllable costs in the restaurant business Should I outsource restaurant bookkeeping or do it myself?

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Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

Managing a restaurant is not for the faint-hearted. Your restaurant expenses may vary depending on various factors, such as the equipment you use, your business location, the size of your operation, and whether you own or rent your commercial space. In this industry, one of the worst-case scenarios is running out of money.

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IT’S TIME FOR RESTAURANTS TO PLANT THE SEEDS AND HARVEST THE TALENT

Culinary Cues

So, first step – let’s refer to it as a challenge. STATE OF MIND: Many are approaching this challenge as a roadblock to success, something that is preventing restaurants from finally getting their groove back and watching cash flow exceed the cost of doing business. So, what might the cause be? Lots of sizzle, plenty of wow factor.

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How to Write a Restaurant Business Plan [with Sample]

7 Shifts

You'll have a document to reference during the planning or opening of your restaurant. The management team. Management team. You may want to list out: Team Management. Inventory management systems. Task management tools. Manager Log Books. Your market position and competitive advantage. Time Clocking.

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Upcoming Restaurant Tech Trends of the Post-COVID-19 World

Goliath Consulting

According to Restolabs, a restaurant management software that offers online ordering systems, continued social distancing measures are expected to bring about an upward trend of automation for customers (3). A growing demand for hands-free, no-touch equipment will result from the COVID-19 pandemic (7). References: (1) [link]. (2)

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How to Manage a Restaurant Balance Sheet

Touch Bistro

When used alongside other financial documents, such as your restaurant profit and loss statement (also known as your restaurant income statement ) and your statement of cash flows, your balance sheet gives you a more complete picture of your restaurant’s finances. Your balance sheet can also be used to forecast short and long-term cash flow.

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Which Accounting Reports Should Your Restaurant Keep

Lavu

Every restaurant owner and manager needs to review this report on a daily basis to get a picture of how the restaurant is performing. The report provides valuable information on the restaurant’s sales, taxes, tips, discounts, credit card fees, refunds, comps, cash short or over, and more. Cash Flow Forecast (Weekly Report).