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

MARCH 13, 2025

POS systems do more than handle payments they utilize POS data to help restaurants analyze and manage seasonal sales trends. Plan Inventory : Track sales velocity to stock up on popular items while avoiding overstocking. Monitor Key Metrics : Track sales, customer visits, and average ticket sizes to make data-driven decisions.

POS

Lavu

APRIL 25, 2025

A modern Point of Sale (POS) system is more than just a cash registerits the central hub that powers day-to-day business operations. From processing payments and managing inventory to tracking sales and streamlining service, POS systems play a critical role in improving efficiency and customer experience.

POS

Lavu

JULY 18, 2025

Furthermore, open API presents the ability for software vendors to specialize and really create the best products. As we all know, vendors who “specialize” in the full caboodle really don’t have much to offer. Let’s discuss what open API is, why it is important, and how it can benefit your restaurant. What is an Open API?

POS

SpotOn

FEBRUARY 26, 2025

Joe Nicholson was a manager and tech consultant at one of the busiest restaurants in Sacramento, CA—Tower Cafe. Now, as a copywriter at SpotOn, he helps restaurant owners and managers learn how to run a more profitable operation. Sales are usually listed first. Each cost category represents a percentage of your sales.

License

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. Learn more about our Accounting Services !

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

JULY 25, 2025

From wait times and staff efficiency to sales trends and customer satisfaction, POS system performance offers critical insights into daily operations. The technological heart of your business, Point of Sale systems are essential. Your POS system does more than process payments—it reflects the overall health of your restaurant.

POS

Lavu

JUNE 6, 2025

The right system does more than process payments—it streamlines operations, manages inventory, tracks sales, and enhances the customer experience. Let’s walk through the essential points you’ll need to know as you begin your research: What is a POS system for a restaurant? Should you choose a legacy or a mobile POS system?

POS

Lavu

AUGUST 1, 2025

With technology playing a bigger role in dining, your POS system needs to handle payments, manage orders, track inventory, and even help with staff scheduling. Whether you’re managing a food truck or a multi-location chain, the right system can improve efficiency, reduce errors, and enhance customer satisfaction. billion in 2024 to $8.37

POS

Paper Chase Accountancy

AUGUST 5, 2025

Nearly 60% of restaurants fail within the first year, often due to poor financial management. Accountants offer specialized solutions, ensuring accurate bookkeeping, tax compliance, and cash flow management for restaurants. This statistic highlights the critical role of effective restaurant accounting services.

Cash Management

Lavu

AUGUST 1, 2025

Why Restaurants Prefer POS Systems with Reliable Payment Processors and Gateways Point of sale, or POS, will always be an important part of any business, especially when it comes to businesses in the hospitality industry. Whether you’re a business owner or just curious, this guide will simplify the process for you.

POS

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 23, 2025

Key Takeaways Evaluate potential accountants for their expertise in restaurant-specific financial management and industry regulations. Understanding the Role of a Restaurant Accountant in London Understanding the role of a restaurant accountant in London is crucial for successful financial management of your establishment.

Cash Management

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

AUGUST 5, 2025

They’re often caught in the culinary chaos, leaving little time for critical financial management. Core financial services, such as effective bookkeeping and strategic financial management, are essential for success in the hospitality industry. But how exactly does one navigate this complex landscape of numbers and nosh?

Cash Management

Paper Chase Accountancy

MAY 21, 2025

They require specialized support that understands the intricacies of fluctuating revenues, high labor costs, and complex inventory management. Grasp why specialized hospitality accountancy is not just an advantage, but a necessity, over general accounting practices. Learn more about our Accounting Services !

Hospitality

Modern Restaurant Management

MARCH 11, 2025

Escoffier is aiding restaurant owners and managers by preparing qualified candidates ready for engaged employment. Escoffier is aiding restaurant owners and managers by preparing qualified candidates ready for engaged employment. This shift ensures that operations run smoothly, and sales revenue is optimized.

Loyalty Program

Paper Chase Accountancy

JULY 24, 2025

These books aid in tracking sales, managing payroll, and handling expenses accurately. We’ll explore why these books are indispensable in daily operations, dissect their key components from sales to payroll, and highlight common pitfalls in restaurant bookkeeping.

Book

Paper Chase Accountancy

MAY 20, 2025

Key Takeaways Restaurant bookkeeping requires specialized tools and systems, including management software, POS systems, and a well-structured chart of accounts. These complexities call for specialized accounting for restaurants, making hospitality accounting a crucial skill for professionals in the field.

Cash Management

Lavu

MAY 23, 2025

In this post, well break down five clear signs that your point-of-sale system is holding your restaurant backand what you can do to fix it. Disconnected Systems : Managing multiple order sources without integration causes confusion. Outdated Sales Data : Delayed reporting prevents real-time decisions that boost profits.

POS

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. Food/Beverage Sales: What percentage of your revenue should be coming from food and what percentage of sales are from beverages.

Hospitality

Paper Chase Accountancy

JUNE 6, 2025

Specialized accounting services provide valuable insights into food cost analysis, inventory management, and daily sales tracking. Overview of Bookkeeping Services in Dubai for Restaurants In the bustling culinary scene of Dubai, bookkeeping services play an essential role in managing the financial health of restaurants.

Cash Management

Modern Restaurant Management

MARCH 11, 2025

"As awful as it was, the pandemic pushed restaurants to completely rethink their operations in order to survive, and some of the changes they made during the pandemic have continued to be beneficial to those restaurants and industry at large." Landlord/Tenant Disputes : in my practice, I have seen a huge increase in lease disputes.

Mobile Ordering

Paper Chase Accountancy

JUNE 9, 2025

It eases the burden of financial management while ensuring precision and compliance. Bookkeeping software for restaurants also simplifies complex accounting procedures, making it effortless for restaurant owners to manage their finances. Yet, they’d be hard-pressed to deny the importance of accurate bookkeeping.

Restaurant Law

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

Paper Chase Accountancy

JUNE 2, 2025

While a seemingly small detail, the proper management of tips can significantly impact a restaurant’s financial health and its employees’ satisfaction. Non-compliance with tip tracking can result in legal issues, making investment in hospitality accountants vital for risk management. Curious to find out more?

Tip Distribution

Paper Chase Accountancy

JUNE 12, 2025

Specialized accounting services provide strategic support for complex issues, aiding sustainable growth in the hospitality industry. The use of advanced technologies like AI and machine learning in financial management can unlock growth by providing real-time insights for decision-making. Learn more about our Accounting Services !

Hotels

Paper Chase Accountancy

JULY 21, 2025

These specialized accounting methods can simplify financial management in hospitality businesses, from small cafes to large resort chains. Key Takeaways Hospitality accounting solutions streamline financial management and ensure regulatory compliance, vital for growth in the industry. What Are Hospitality Accounting Solutions?

Hospitality

Paper Chase Accountancy

JULY 7, 2025

Consider a bustling restaurant, ‘Culinary Delights’, that, despite its popularity, had to shut its doors due to poor financial management. Key Takeaways The right bookkeeping service optimizes financial management, potentially increasing annual profits by 20% in restaurants. Let’s dive into this critical discussion.

Cash Management

Restaurant Engine

MAY 14, 2025

Its the loyal, returning customers who generate consistent cash flow for your restaurant. For many restaurants, you have access to a loyalty program right through your point of sale system or digital platforms. Points-Based Program Your customers earn points for each dollar they spend. Automate reward distribution.

Loyalty Program

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

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. More than 60 percent say they’re ordering off-premises more often than a year ago. Older adults still prefer in-person ordering.

Reservations

Rocket Fuel

FEBRUARY 19, 2025

In Delagets latest annual Operational Index, we noted these rather telling points regarding the industrys rapidly evolving sales channels: Drive-thru is down 8.1% In Delagets latest annual Operational Index, we noted these rather telling points regarding the industrys rapidly evolving sales channels: Drive-thru is down 8.1%

2025

Perfect Daily Grind

JULY 11, 2025

Editor’s note Eighteen EU nations have requested further simplification and delays to the European Union Deforestation Regulation via a signed letter, according to Euronews. The landmark legislation took effect in June 2023 and classifies countries according to their risk of deforestation in the production of several commodities, including coffee.

2025

Lavu

JUNE 13, 2025

A great bartender or bar manager is born with a natural affinity for connecting with people and flair. Learn how to handle cash and be comfortable with cash. Learn how to manage the environment to appeal to guests, such as, when to lower the air conditioning or change the music. You’ve got to dress and act the part.

Training

Paper Chase Accountancy

JULY 15, 2025

Yet, behind this vibrant scene, there’s a complex world of financial management that’s often overlooked. Amid managing suppliers, staff, and daily operations, does a restaurant owner really have the time or expertise to effectively handle the financial side of the business? Learn more about our Accounting Services !

Cash Management