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Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping

7 Shifts

Bookkeeping is one of the most essential aspects of any restaurant business. After all, a small, honest mistake can accumulate over time and turn into bigger operational problems— 17% of restaurants even fail in their first year due to mismanagement of finances.

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Just Launched: 7shifts Tip Payouts!

7 Shifts

For many in the hospitality industry, tipping is an integral part of their restaurant's culture. It influences the livelihoods of restaurant workers around the world. Our tip management journey started back in September 2021 with the release of our Tip Pooling feature, which covered the calculation portion of the process.

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What is a Tip Credit? How They Work, Calculations, Laws, and More

7 Shifts

Tip credits are just another part of tipping that make restaurant employee compensation complex. State and local laws on tip credits. More tip management resources. Labor cost is typically a restaurant's most considerable expense. Consider a Texas restaurant worker pulling a 50-hour week. Table of Contents.

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Time Theft Guide: How to Spot it and How to Stop It

7 Shifts

Food, alcohol, and cash are common victims of theft—but business owners have to look beyond physical goods. Time Theft Laws. By understanding the ways it can occur, business owners or managers have a much higher chance of identifying it before it racks up a hefty bill. Employee theft is an unfortunate reality. Table of Contents.

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The Legal Case for Recovering Lost Income from COVID-19 and Government Shutdown

Modern Restaurant Management

Business interruption insurance is an extremely important type of coverage in an insurance policy which is intended to cover for lost income sustained as a result of a covered peril in order to allow for the continuity of your business into the future. Black’s Law Dictionary 11th ed.

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Who has the worst staff turnover? Restaurant Employee Turnover by City and State + Retention Playbook

7 Shifts

Turnover in restaurants is as high as ever. Labor shortages, health crises, and general economic trends have made it a struggle — and restaurants need help. But we're at an inflection point in the restaurant industry. It's not enough to just pay more than the restaurant next door. Restaurant Retention Data Study.

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From concept to capital: key steps to funding your restaurant business

Open for Business

Most restaurants need funding, especially during the initial stages when they’re setting up. The purpose of this guide is to help you with all the ins and outs of funding a restaurant with top tips from those who have been there, seen it, and done it. What makes someone a good Investor?