Remove Cash Management Remove Reference Remove Restaurant Law Remove Take-out
article thumbnail

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.

article thumbnail

Restaurant Labor Laws Cheat Sheet: New York State

7 Shifts

Legal and other matters referred to in this article are based on 7shifts' interpretation of laws existing at the time and should not be relied on in place of professional legal advice. With labor laws on age, wage, overtime, and time off–many of which vary between New York State and New York City–it’s easy to overlook a law or two.

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

Franchise Compliance Guide: Laws + Agreements

7 Shifts

Some of the biggest restaurant businesses on the planet are franchises. They employ thousands of people and have served billions, and with so many people affected, it's understandable why there are franchise-specific laws and regulations in place. Who Regulates Franchise Compliance Laws? Federal Law Compliance.

Franchise 370
article thumbnail

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. We created Tip Payouts because we felt there should be an easier, faster way to pay out hard-earned tips.

article thumbnail

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. But taking an educated and careful approach to tip credits ensures that your hardworking team of waitstaff, bartenders, dishwashers, and cooks is compensated fairly ( improving employee retention ). State and local laws on tip credits.

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.

article thumbnail

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. Employees may clock in early to help out or leave a few minutes early on a slow day. Time Theft Laws. It was a slow day, too, so they left ten minutes early and texted their friend to clocked them out at 5 PM.