Lavu

JUNE 26, 2025

Running a successful restaurant isn’t just about great food and service—it’s also about smart financial management. Restaurant accounting tips plays a crucial role in tracking expenses, managing cash flow, and maximizing profitability. You cannot manage your restaurant properly without going into the accounting details.

2025

The Restaurant Group

APRIL 18, 2025

Effective accounting procedures are essential to ensure the steadiness and durability of a restaurants assets, from tracking cash flow to managing expenditures and profits. Basic Methods of Restaurant Accounting Cash Basis Accounting Cash basis accounting records transactions when cash changes hands.

Management

Lavu

JULY 18, 2025

For instance, if you have a specific color scheme in your restaurant or font on your menu, with an open API you can change the background, in-application color schemes, and font to match your current restaurant brand. Increase profits with a Cash Discount Program to help offset payment processing fees.

POS

Paper Chase Accountancy

JUNE 30, 2025

From the fundamentals of bookkeeping to hiring the suitable professionals, we’ll explore the necessary steps in the process. Effective bookkeeping and financial management, including proper inventory and labor cost control, are vital for the financial success of nightlife venues. Let’s proceed to uncover that secret.

Bar

Lavu

JULY 4, 2025

From managing orders and tracking inventory to analyzing sales data in real time, today’s POS systems are essential tools for restaurants of all sizes. Historically, cash registers in restaurants served one purpose. They managed customer payment and provided change when needed. Wondering what is a POS system for a restaurant?

POS

The Restaurant Group

MAY 3, 2025

This little devil matters because it eats away at your service quality , drains your cash flow , and leaves your customers wondering why they never see the same smiling faces twice. New managers? Management Practices Bad bosses are like rotten tomatoes they spoil the bunch. Hiring International Workers Think outside the box!

Cash Management

Paper Chase Accountancy

JULY 25, 2025

We’ll explore the specialized functions, the day-to-day realities of managing finances, and critically, how modern solutions like outsourced bookkeeping and cloud-based tools empower these businesses to not just survive, but thrive and stay profitable in a highly competitive market. Discover best practices and common pitfalls to avoid.

Hospitality

Lavu

JUNE 6, 2025

This guide breaks down 28 proven strategies that help cut unnecessary expenses, streamline operations, and boost profitability—whether you manage a small café or a multi-location chain. Discovering new ways to reduce costs in restaurant management can boost profits. Let’s dive into what really works in today’s competitive landscape.

Loyalty Program

Lavu

APRIL 25, 2025

The right POS setup can make it easier to take orders, manage staff, track sales, and keep customers happy. Instead, the system offers customers a cash discount, helping you protect your profit margins and reduce operating costswithout compromising on service. Key Features to Look For : Cloud-based systems for remote management.

POS

Paper Chase Accountancy

JUNE 16, 2025

These ratios provide valuable insights into operational efficiency, cost management, and overall profitability. Core Profitability Ratios for Restaurant Owners In the realm of restaurant management, understanding core profitability ratios is crucial. Implement effective inventory management. Let’s explore this further.

Hotels

Paper Chase Accountancy

JUNE 16, 2025

These ratios provide valuable insights into operational efficiency, cost management, and overall profitability. Core Profitability Ratios for Restaurant Owners In the realm of restaurant management, understanding core profitability ratios is crucial. Implement effective inventory management. Let’s explore this further.

Hotels

Modern Restaurant Management

MARCH 11, 2025

Restaurants had difficulty hiring and retaining staff, which led to more interest in automating processes. This surge in off-premise orders forced restaurants to optimize their operational workflows, from kitchen management and packaging to delivery logistics. We were a sourcing and hiring platform for restaurants.

Mobile Ordering

Paper Chase Accountancy

JULY 24, 2025

These books aid in tracking sales, managing payroll, and handling expenses accurately. Why Restaurant Accounting Books Are Essential in Daily Operations While it may not be immediately apparent, restaurant accounting books play a crucial role in daily operations, serving as an indispensable tool in the effective management of finances.

Book

Paper Chase Accountancy

MAY 21, 2025

They require specialized support that understands the intricacies of fluctuating revenues, high labor costs, and complex inventory management. This volatility makes accurate forecasting and consistent cash flow management incredibly challenging.

Hospitality

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

Paper Chase Accountancy

JUNE 15, 2025

Specialized hospitality accounting solutions provide efficient, industry-specific financial management. Using hospitality accounting services and hotel accounting services can significantly reduce errors and inefficiencies in financial management. Learn more about our Accounting Services !

Operations

Paper Chase Accountancy

JULY 10, 2025

Did you know that nearly 60% of new restaurants fail within the first year, often due to poor financial management? Key Takeaways Understanding restaurant-specific accounting fundamentals is crucial for managing revenue and expenses effectively.

Cash Management

Paper Chase Accountancy

JUNE 6, 2025

This guide aims to help you navigate the labyrinth of bookkeeping services in Dubai, providing you with the essential insights to keep your restaurant’s finances as tasty as your menu. Specialized accounting services provide valuable insights into food cost analysis, inventory management, and daily sales tracking.

Cash Management

Paper Chase Accountancy

JULY 9, 2025

Paperchase Senior Account Manager Ruhel Ahmed discusses the nuance of labor costs: “This metric includes employer payroll tax and management salaries. Senior Account Manager Ruhel Ahmed discusses this category: this would include your other income such as space rental, interest income, etc.

Hospitality

Perfect Daily Grind

JUNE 6, 2025

One internal and one external hire will spotlight between ten and 15 global locations, including the chain’s farms in Costa Rica, as Starbucks seeks to engage with Gen Z. Kansas City, US) Thu, 5, Jun – Löfbergs appoints Henrik Biilmann as Managing Director of Peter Larsen Kaffe. It opened its first drive-thru store in Houston.

2025

Modern Restaurant Management

NOVEMBER 1, 2024

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of how restaurants are a saving grace for malls, the economic impact of Taylor Swift in town, and how influential reviews can be. Inflation (or the increased costs of goods and services) is still a top pain point for operators (15 percent).

Point of Sale

Modern Restaurant Management

NOVEMBER 27, 2024

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of Drinksgiving and Thanksgiving trends, FSR challenges, and "out-of-the-box" dining habits. Tech Adoption 65 percent of restaurants adopted new technology to manage labor, though 27 percent still use manual scheduling.

2025

Paper Chase Accountancy

JULY 15, 2025

Key Takeaways Local expertise in bookkeeping provides insightful understanding of LA’s unique tax and regulatory landscape, benefiting business financial management. These experts, well-versed in the nuances of local and state tax laws, can more effectively manage a company’s financial health. Keep on exploring to find out.

Audits

Modern Restaurant Management

NOVEMBER 24, 2020

Restaurant owners are being forced to find a way to make it through winter with vastly reduced revenue, and many operators are scrambling to reallocate budgets and manage staffing to survive COVID-19. With slow seasons also comes the need to navigate seasonal layoffs and the task of hiring all the best people back the next season.

Cash Management

7 Shifts

APRIL 23, 2021

As we start to welcome back workers, doing things as they were before isn't going to work—especially in hiring. That all begins at the hiring level. The past year has turned servers into expert delivery packers, challenge chefs' creativity, and flipped the role of a restaurant manager on its head. Writing a good job description.

Hiring

Modern Restaurant Management

FEBRUARY 16, 2022

Modern Restaurant Management (MRM) magazine quizzed expert Kathryn Petralia, co-founder of Kabbage, an American Express Company, for her analysis on what restaurants owners need to understand about inflation. What are best practices for restaurant owners and operators to manage costs right now? How is inflation affecting food prices?

Cash Management

ChowNow

AUGUST 19, 2024

Whether you’re a roadside fruit stand or a Michelin star restaurant, cash flow management is crucial. It doesn’t matter how fine-tuned your menu is or how much marketing buzz you have if you’re spending more money than you’re earning. What is Cash Flow? This is called positive cash flow.

Cash Management

Modern Restaurant Management

DECEMBER 30, 2022

.” Automating repetitive host tasks enables a restaurant to operate with a smaller staff and help mitigate labor costs, decreasing the need to hire as many employees and freeing up resources to raise wages for current employees. Redefining the Role of the Manager. Simplicity Is Key.

Technology

Modern Restaurant Management

AUGUST 16, 2021

Looking back on my last few articles, I have focused on facts, on technology and on the hard time that we are all having hiring staff. The common thread is that each story is about incredible staff and great managers and that, together, they support each other inside and outside of the restaurant. Caring Managers.

Front of House

Modern Restaurant Management

MAY 21, 2020

High-end restaurants that tend to have a pricier menu should look to add more affordable items. Instead, you can reach a compromise in your menu. For their safety and convenience, enable delivery and payment services that allow customers to pay without cash, as well as choose when and how their order should be delivered.

Social Media

Modern Restaurant Management

SEPTEMBER 14, 2022

AI can assist restaurants in optimizing how they manage and operate menus to increase margins. Control Costs : With automated table reservations to take orders on mobile devices, AI in restaurants can help the owners save money on hiring more staff. But they have tons of cash to burn on such gimmicks, right?

Front of House

Modern Restaurant Management

SEPTEMBER 15, 2020

SALIDO leverages design, data, and workflow management to optimize both front- and back-end operations. SALIDO continues to execute on its hiring plans to recruit and invest in talent across their Product, Engineering, Customer Experience, and Sales Teams. ” says Antonio Primo, Managing Partner, VC Capital Holdings.

Fast Casual

7 Shifts

AUGUST 18, 2024

This document will outline your bar's concept, menu, marketing strategy, and financial projections. Choosing Your Concept & Bar Type Defining your concept Your concept is the main idea or theme and includes service style, cuisine, menu, and music. Hiring a Strong Team You'll need a manager, bartenders, waiters, and security.

Bar

7 Shifts

AUGUST 2, 2024

By tracking metrics like customer retention and employee turnover rate, contribution margin, and menu item profitability, restaurant managers can identify each area’s strengths and what areas need improvement. Use this data to establish clear and specific goals and adjust your strategies as needed.

Point of Sale

Modern Restaurant Management

MARCH 1, 2023

Is your restaurant up to speed with the latest best practices for back of house (BOH) management? So, which back of office trends should restaurant ownership and management be concerned with heading into 2023? They include restaurant management tips for cutting costs, decreasing food waste, and much more.

Front of House

Modern Restaurant Management

JANUARY 28, 2021

Owners and managers can struggle with keeping their teams accountable and up the standards they expect. The tone you set from the interview and throughout training will dictate the level of dedication your new hire provides. Restaurant owners and managers spend time out of the kitchen doing paperwork and administrative work.

Cash Management

Culinary Cues

MAY 13, 2023

Each of those “departments” will require some level of unique kitchen management (sous chef) and specialists to support the uniqueness of function. As long as the checkbook has a credit balance they are in good shape (until predictable sales slump and cash flow turns the corner).

Hotels