Paper Chase Accountancy

JUNE 30, 2025

Effective bookkeeping and financial management, including proper inventory and labor cost control, are vital for the financial success of nightlife venues. Hiring professionals with expertise in hospitality accounting can provide tailored services, navigate industry complexities, and manage complex tax structures.

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. Chefs are limited in what they can prepare.

POS

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

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

Rocket Fuel

NOVEMBER 19, 2024

For restaurants, that means harvesting information from internal and external sources. Back-of-House (BOH) Systems: BOH platforms offer streamlined inventory management, staff coordination and kitchen operations tracking. Payroll Portals: Payroll platforms track employee hours, manage schedules and process payments seamlessly.

Operations

Lavu

AUGUST 1, 2025

From managing daily orders to tracking inventory and improving customer experience, today’s POS solutions go far beyond basic transactions. How a Coffee Shop POS System Helps You Manage Coffee Bean Inventory with Ease Sipping a beautiful cup of coffee, espresso, or cold brew can be a wonderful experience or a nightmare.

POS

Lavu

AUGUST 14, 2025

Whether you run a fast-casual spot, fine dining venue, or food truck, the right technology can transform your day-to-day management. Today’s POS systems are no longer just cash registers – they’re all-in-one tools that help restaurants manage orders, track inventory in real time, improve customer service, and boost profits.

POS

Lavu

AUGUST 1, 2025

Restaurant and bar scams are more common than many business owners realize—ranging from cash skimming and inventory theft to fraudulent voids and unauthorized discounts. Designing a restaurant and bar loss-prevention strategy is critical to managing a profitable business, regardless of your size or level of success.

POS

Perfect Daily Grind

MAY 28, 2025

This softens the blow for coffee consumers and opens conversations about sourcing and value. Many are also managing their inventory more tightly to help manage cash flow.” Rather than implementing steep price hikes all at once, many are making regular, smaller adjustments.

Retail

Lavu

JULY 25, 2025

A must-have to accept credit and debit payments yet offer more than just basic cash transactions, your POS terminal is a compact computer with an integrated touchscreen specifically designed to streamline operations throughout the restaurant. Integration with inventory, payroll, and analytics tools also enhances performance.

POS

Lavu

JUNE 13, 2025

Of course, it’s essential for most businesses to accept cash payments in some situations. The Cashless Restaurant Revolution: Why Restaurants Are Going Cashless in 2025 In the ever-evolving landscape of the restaurant industry, the concept of not leading with a “pay with cash” option has emerged as a transformative trend.

2025

Modern Restaurant Management

JANUARY 31, 2025

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of dramatic Valentine's Day shift, best food scenes, and the evolution of c-store foodservice. There is an increasing demand for healthier menu options, including plant-based dishes, organic foods, and sustainable sourcing.

Marketing

Lavu

MAY 23, 2025

Disconnected Systems : Managing multiple order sources without integration causes confusion. Inventory Issues : Manual stock counts and outdated tools lead to inaccuracies and waste. Dual pricing options for cash transactions. Outdated Sales Data : Delayed reporting prevents real-time decisions that boost profits.

POS

Lavu

AUGUST 14, 2025

Every minute your employee stands at the cash register with nothing to do, or your cook clocks in early, it costs you money. Sales volume will bring you more cash flow, but unless you create a plan to lower your prime cost (cost of goods, labor, and paper), your profits will never grow as fast as you’d like.

Cash Management

Apicbase

JULY 11, 2025

A few years ago, most of our conversations were with executive chefs and ops managers. Chefs and managers are still deeply involved—no one knows the day-to-day better—but the digital strategy now sits with people who’ve spent their careers building systems for scale and resilience. This makes integrations far easier to manage.

Allergens

Modern Restaurant Management

MARCH 11, 2025

Escoffier is aiding restaurant owners and managers by preparing qualified candidates ready for engaged employment. Whether it’s speeding up order times, improving inventory management, or boosting loyalty programs, every tool should serve a purpose. Aligning tech with business goals is a must.

Loyalty Program

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

Modern Restaurant Management

MARCH 11, 2025

This surge in off-premise orders forced restaurants to optimize their operational workflows, from kitchen management and packaging to delivery logistics. Furthermore, digital tools for inventory and labor management became crucial for navigating supply chain disruptions and staffing challenges.

Mobile Ordering

Paper Chase Accountancy

MAY 23, 2025

Like the navigators of ancient mariners’ ships, hospitality accountants in London are the unseen heroes guiding hotels and restaurants through the tumultuous seas of financial management. Whether it’s about managing cash flows, minimizing tax liabilities, or making profitable investment decisions, their role is indispensable.

Hotels

Paper Chase Accountancy

MAY 30, 2025

This fundamental discipline, when expertly managed, ensures the financial health of restaurants and hotels, enabling them to thrive even in challenging market conditions. This specialized area of accounting involves managing the financial transactions and obligations of hospitality businesses, such as NYC restaurants and hotels.

Hotels

Rocket Fuel

MARCH 26, 2025

The Real Cost of Restaurant Losses Most operators are already keeping an eye on labor and food cost percentagesbut what about the hidden sources of loss? Food Cost Variance One of the most underestimated sources of loss is the Target vs Actual (TvA) gap. And in 2025, those losses are avoidableif you know where to look.

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

SpotOn

FEBRUARY 4, 2025

They’re an important tool for maximizing profit, managing inventory, and keeping your menu fresh and exciting.  If you’re opting for more descriptive and evocative item names and descriptions, you have an opportunity to highlight the quality, freshness, and source of your food.

Design

Modern Restaurant Management

APRIL 29, 2025

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features trends in off-premise, coffee wars, the AI lifeline, the return of lunch, and how teens spend their dollars. Teens continue to prefer energy drinks over coffee and soda as their source of energy. percent YoY) Tequila: 21 percent share (+5.5

Reservations

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

MARCH 14, 2025

For practical advice for restaurant operators, Modern Restaurant Management (MRM) magazine reached out to Phil Kafarakis, CEO of IFMA, The Food Away From Home Association. Now, we’re hearing a great deal about avocadoes, though smart restauranteurs have long since put alternative sourcing (to Mexico) in place.

Fast Casual

Rocket Fuel

FEBRUARY 19, 2025

This is because they are managing the data manually, spending literally dozens of hours retrieving it from stores. The National Restaurant Association found that 75% of inventory shortages in restaurants are caused by theft. The next phase of modern loss prevention also relates to delivery. Step 3: Identify and prevent theft.

2025

Paper Chase Accountancy

JULY 25, 2025

Key Takeaways London’s bookkeeping services provide industry-specific expertise crucial for financial management in hospitality businesses. Restaurant accountants London who can manage complex hospitality finances. They’ll manage all the complex financial compliance issues, freeing you to focus on your restaurant.

Hospitality

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. Eighteen percent reported that higher food costs were the number one obstacle to growing their business right now.

2025

Paper Chase Accountancy

JUNE 27, 2025

Key Takeaways Accounting and bookkeeping services in UAE offer detailed financial record-keeping, cash flow management, and compliance with local taxation laws. Specialized hospitality accounting services cater to unique revenue streams, manage high volume transactions, and ensure compliance with industry regulations.

Cash Management

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. Comparing and selecting appropriate accounting solutions can greatly impact business efficiency in the hospitality sector.

Hospitality

Paper Chase Accountancy

AUGUST 11, 2025

Hospitality accountants play a crucial role in financial management, strategic planning, and regulatory compliance to enhance performance and reduce costs. Accounting for restaurants and bars involves unique challenges like tracking daily sales, cash flow management, and food cost control.

Hospitality

Modern Restaurant Management

SEPTEMBER 1, 2023

Inefficient restaurant inventory management practices, improper storage, gaps in inventory logs, theft, and waste can cause even the most successful kitchens to struggle or fail. Below are the top seven inventory management mistakes restaurants are making, and how to correct them.

Inventory

ChowNow

AUGUST 19, 2024

Whether you’re a roadside fruit stand or a Michelin star restaurant, cash flow management is crucial. And there’s more to restaurant cash management than simply bringing in more money to cover expenses. What is Cash Flow? Cash flow is the net amount of money moving in and out of your restaurant.

Cash Management

Modern Restaurant Management

AUGUST 6, 2020

Improving from 20 percent margin to a 35-percent margin on a $12 dish, serving five0 covers per night translates into a $90 net increase in profits, allowing for increased cash flow to sustain operations. Optimize Inventory. Let’s say you operate a burger shop with beginning inventory valued at $5,000. Adopt Technology.

Front of House

Modern Restaurant Management

FEBRUARY 3, 2022

Seventy-four percent of full service restaurants (FSRs) managed to maintain or increase their sales during the pandemic; however, profit margins in 2021 declined to 10 percent, compared to 12 percent in 2019, according to third annual State of Full Service Restaurants Report released by TouchBistro.

Loyalty Program

Culinary Cues

AUGUST 7, 2021

Far too often we invest our time in addressing the effects of a challenge rather than the source of the roadblocks that appear. 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.

Social Media