Remove Cash Management Remove Information Remove Point of Sale Remove Restaurant Law
article thumbnail

[Updated for 2023] The State-by-State Guide To Tip Pooling Laws

7 Shifts

It's a constant conversation in the restaurant industry. But one can't deny that tips make up a majority of restaurant workers' take-home pay. There have been several ways in which restaurant owners have tried to create a more equitable system for employees to earn consistent, fair wages and improve retention. Tip Pooling Laws.

article thumbnail

2024 Texas Minimum Wage Guide

SpotOn

Both businesses must pay their employees the same minimum wage rate as mandated by Texas labor laws. With operational costs rising each year, forcing businesses to change how they manage their employees and finances, we've put together a simple guide on the minimum wage for business owners and workers alike. Yes California $16.00

2024 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour.

2024 215
article thumbnail

11 Restaurant Management Best Practices to Maximize Your Performance in 2021

Restaurant365

The year 2020 prompted enormous changes in the restaurant industry. The events of this year made running a lean, streamlined restaurant business a necessity to survive the many shifts. As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term.

2021 136
article thumbnail

Essentials of Payroll Accounting for Restaurant Groups, Part 1

Restaurant365

How you run and track your payroll accounting has a significant impact on restaurant operations. From hiring and onboarding to running employee payments and paying taxes, payroll touches on many different parts of a restaurant business. You receive time in your Point of Sale (POS) system.

article thumbnail

How to Increase Wine List Profits and Popularity

Ken Burgin

The wine list is an essential part of your restaurant or hotel beverage service, so let’s apply intelligent design and business thinking to increase profits and ensure it appeals to the greatest number of people. The law of supply and demand applies to wine as well as commodities – as prices rise, demand goes down.

article thumbnail

The Importance of Accounting to a Restaurant

Lavu

An efficient back-office plays a critical role in the success of a restaurant. It is the system that takes care of your financial information and ensures that you are making enough revenue to cover your expenses. Before looking at the role that accounting plays in your restaurant, let’s first understand what it entails.