Paper Chase Accountancy

JUNE 16, 2025

Did you know that nearly 60% of restaurants fail within the first year due to financial mismanagement? It’s critical for restaurant owners to understand and monitor key profitability ratios to ensure financial health and longevity. In essence, restaurant profitability ratios are integral to a restaurant’s fiscal success.

Hotels

Lavu

FEBRUARY 28, 2025

Want to improve your restaurants performance? Start by analyzing these Top 7 POS Sales Reports to know where your restaurant is headed. These reports help you understand sales trends, manage inventory, optimize staffing, and improve customer satisfaction. Product mix reports also help you manage inventory smarter.

POS

Paper Chase Accountancy

JUNE 30, 2025

This discussion will provide a roadmap for mastering the art of accounting in the world of restaurants and bars. Key Takeaways Understanding hospitality accounting is crucial for efficiency, profitability, and making informed business decisions in restaurants and bars. But, why is this so crucial to your business’s success?

Bar

Lavu

MAY 16, 2025

Managing payroll in a fast-paced restaurant environment isnt just about cutting checksits about accuracy, compliance, and keeping your team satisfied. Yet, restaurant payroll management often comes with challenges like time tracking errors, tax issues, and inconsistent scheduling. error rate , compared to a 6.1%

Tip Distribution

Paper Chase Accountancy

JUNE 23, 2025

Selecting the right accountant for your London-based restaurant can be as critical as choosing the perfect ingredients for your signature dish. Key Takeaways Evaluate potential accountants for their expertise in restaurant-specific financial management and industry regulations. What Makes a Great Accountant for Restaurants?

Cash Management

Paper Chase Accountancy

MAY 22, 2025

Navigating the labyrinth of cost accounting in the restaurant industry can feel like trying to solve a Rubik’s Cube in the dark. From setting up a system, managing labor costs, to forecasting and financial strategy, it’s all covered here. Yet, it’s an area no restaurateur can afford to ignore.

Cash Management

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. As they grapple with rising costs across their supply chain, 71 percent of restaurants plan to increase prices this year.

Marketing

Modern Restaurant Management

MARCH 11, 2025

"The pandemic forced the restaurant industry to reinvent itself overnight, moving from a primarily in-store dining experience to an omnichannel, digital-first business. " As we mark the fifth anniversary, MRM magazine surveyed restaurant insiders about the pandemic’s lasting impact on their businesses and the industry.

Loyalty Program

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. They provide specialized hospitality accounting services such as tax compliance guidance and industry-specific financial advice.

Hotels

Paper Chase Accountancy

JUNE 6, 2025

If you think it’s all sunshine running a new restaurant in Dubai, you’re in for a surprise when the bookkeeping reality bites. It’s not simply about logging in receipts or payroll numbers, there’s a whole world of financial regulations, taxation laws and accounting intricacies that you need to consider.

Cash Management

Paper Chase Accountancy

JULY 10, 2025

Did you know that nearly 60% of new restaurants fail within the first year, often due to poor financial management? Understanding the basics of accounting can significantly improve a restaurant’s odds of success. Let’s take a closer look at this critical aspect of running a profitable restaurant business.

Cash Management

Paper Chase Accountancy

MAY 21, 2025

Hotels, restaurants, and sprawling F&B groups operate within a unique financial landscape, demanding far more than generic bookkeeping. They require specialized support that understands the intricacies of fluctuating revenues, high labor costs, and complex inventory management. Learn more about our Accounting Services !

Hospitality

Paper Chase Accountancy

MAY 20, 2025

In the bustling world of gastronomy, the art of restaurant bookkeeping often takes a backseat. There’s much to explore, and the answers might just transform your restaurant business. Outsourced accounting services can provide cost-effective, expert solutions, allowing restaurant owners to focus on core business operations.

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

JUNE 2, 2025

Is it not a paradox that in the bustling world of restaurants, where every cent counts, the handling of tips often falls through the cracks? While a seemingly small detail, the proper management of tips can significantly impact a restaurant’s financial health and its employees’ satisfaction. Curious to find out more?

Tip Distribution

Lavu

AUGUST 1, 2025

Understanding how payment processors and gateways work is essential for any modern business, especially in the restaurant and retail space. To verify this, transaction information is passed from the restaurant terminal or software to a processor, and then through the card network to the bank that issued the credit card for approval.

POS

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 9, 2025

“Time is money” is an old saying that rings especially true in the fast-paced restaurant industry. With the myriad responsibilities a restaurant owner juggles, it’s easy to overlook the financial side of things. That’s where bookkeeping software for restaurants comes into play.

Restaurant Law

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. A restaurant’s survival isn’t just about cooking delicious food; it’s also about maintaining a healthy bottom line. Learn more about our Accounting Services !

Cash Management

Paper Chase Accountancy

JUNE 15, 2025

Just as the pony express gave way to email, so too are traditional restaurant operations being replaced by outsourcing. When a restaurant chooses to outsource, it’s not simply about cutting costs. It comes with its own set of considerations that can significantly impact a restaurant’s bottom line.

Operations

Paper Chase Accountancy

JUNE 12, 2025

Just like a key can unlock a door, innovative hospitality finance solutions can open up new avenues of growth for hotels and restaurants. Key Takeaways Understanding hospitality finance is vital for tackling industry-specific challenges and driving growth in hotels and restaurants. Learn more about our Accounting Services !

Hotels

Paper Chase Accountancy

JULY 3, 2025

This is where hospitality accounting services come into play, with their expertise in managing the complex financial landscape of hotels and restaurants. It’s a specialist field that provides crucial insights into revenue management, cost control, and maximizing profitability. Let’s explore this further.

Hotels

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. “Off-premises dining has become a key revenue driver and an essential way to engage consumers,” said Dr. .

Reservations

Paper Chase Accountancy

JULY 25, 2025

Firms offering bookkeeping services in London have a keen understanding of the city’s intricate tax laws, unique operating challenges, and the specific needs of hospitality businesses. Key Takeaways London’s bookkeeping services provide industry-specific expertise crucial for financial management in hospitality businesses.

Hospitality

Paper Chase Accountancy

JULY 15, 2025

Imagine a bustling restaurant, where the sizzle of the grill and the clink of glasses form a symphony of success. Yet, behind this vibrant scene, there’s a complex world of financial management that’s often overlooked. Let’s open the kitchen door to explore this further.

Cash Management

Paper Chase Accountancy

MAY 29, 2025

Is it not time we recognize the pivotal role outsourced accounting plays in the success of restaurant groups? By outsourcing accounting, they’re not just cutting costs but are also gaining access to specialized expertise, improving compliance, and driving strategic growth. However, these are merely the tip of the iceberg.

Cash Management

Paper Chase Accountancy

JUNE 24, 2025

Remarkably, recent statistics reveal that 60% of hospitality businesses, including hotels and restaurants, don’t have a dedicated Chief Financial Officer (CFO). Effective hiring practices and partnerships can improve financial management and align financial goals with operational objectives.

Hotels

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

SpotOn

JULY 15, 2025

You’ll need to memorize dozens of cocktails, beer and wine lists, happy hour rules, and, more often than not, entire food menus.   The reality is that most bar managers don’t care if you went to school—they care significantly more about attitude, work ethic, and the ability to quickly develop your skills. 

Front of House

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. Key Takeaways Finance is vital in the hospitality industry, with specialized accounting practices for hotels and restaurants.

Hospitality

Paper Chase Accountancy

JULY 3, 2025

In the fast-paced, ever-evolving culinary world of London, it’s as if restaurants are still using abacuses instead of calculators if they aren’t utilising professional bookkeeping services. There’s an undeniable significance in meticulous financial management, especially in the restaurant industry.

Cash Management

Paper Chase Accountancy

JULY 18, 2025

It’s worth noting that roughly 30% of small businesses in Los Angeles fail due to poor financial management. Specialized bookkeeping services cater to unique financial obligations of industries like hospitality, mitigating tax-related pitfalls. But how does a business owner discern the right service for their specific needs?

Management

Paper Chase Accountancy

JULY 15, 2025

It’s even more pertinent when operating in a dynamic city like Los Angeles, where local tax laws and financial regulations can be complex. Key Takeaways Local expertise in bookkeeping provides insightful understanding of LA’s unique tax and regulatory landscape, benefiting business financial management.

Audits

Modern Restaurant Management

SEPTEMBER 27, 2023

For restaurant owners, there are a number of issues in their workplace keeping them up at night and hindering them from successfully managing and operating their restaurant efficiently. Money and Inventory Management The profitability of a restaurant depends on the careful management of cash flow.

Cash Management

7 Shifts

JUNE 29, 2022

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.

Franchising

Modern Restaurant Management

JANUARY 28, 2021

Due to the COVID-19 pandemic, restaurant owners scrambled to adjust to new laws, procedures and safeguards. Now that most restaurants have opened their doors, they’re realizing that the landscape has changed. Now that most restaurants have opened their doors, they’re realizing that the landscape has changed.

Cash Management

7 Shifts

NOVEMBER 26, 2019

Nearly 200,000 quick-serve restaurant establishments in the United States are not owned by the company whose name is on the building. At a glance, opening and operating a restaurant franchise seems like a near-perfect business decision. of weekly gross sales for franchise royalties and advertising. coli after eating at Chipotle.

Franchising