Lavu

JUNE 26, 2025

Running a successful restaurant isn’t just about great food and service—it’s also about smart financial management. Restaurant accounting tips plays a crucial role in tracking expenses, managing cash flow, and maximizing profitability. You cannot manage your restaurant properly without going into the accounting details.

2025

Perfect Daily Grind

MAY 28, 2025

Rising costs for green coffee, energy, shipping, labour, and equipment are placing significant pressure on businesses. Understanding what drives these price changes, how coffee consumers are responding, and what alternatives exist is essential for businesses aiming to remain sustainable in a volatile market.

Retail

Paper Chase Accountancy

JUNE 16, 2025

It can help streamline cash flow and reduce overhead costs, all while ensuring compliance with ever-changing NYC tax regulations. But how does it all work, and why might it be the secret ingredient in your business’s recipe for success? Intriguingly, it can also provide valuable insights for growth and scaling.

Cash Management

Open for Business

NOVEMBER 4, 2024

And food sales equate to the cash you brought in from selling meals. or 27% Try our free food cost calculator so you have the foundation for understanding and managing food costs at your restaurant. These seemingly small issues can add up fast and contribute to unnecessary food costs. Are you wasting food?

Food

Lavu

AUGUST 1, 2025

Choosing the right coffee shop POS system in 2025 can make or break your business. From managing daily orders to tracking inventory and improving customer experience, today’s POS solutions go far beyond basic transactions. It could be a local roaster or roasted beans from ethically sourced and sustainable producers.

POS

Perfect Daily Grind

JUNE 1, 2025

Why coffee prices and business costs are rising The surge in the C price over the last two years signifies a long overdue change in the coffee industry. At the same time, the entire supply chain feels the impact of rising green coffee costs, reshaping the buying behaviour of many businesses.

Point of Sale

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. Food cost control is crucial.

Loyalty Program

Lavu

JUNE 13, 2025

If you think the business cashless trend is crazy, you’re not alone. Of course, it’s essential for most businesses to accept cash payments in some situations. This fosters customer loyalty and allows restaurants to gather valuable data and insights to inform their business strategies. You read that right.

2025

Paper Chase Accountancy

MAY 21, 2025

At its core, sustainable growth and profitability are inextricably linked to accurate accounting and strategic financial advisory. 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

Lavu

JULY 11, 2025

Cloud-Based POS Systems are transforming how restaurants operate by enabling remote management, faster updates, and seamless integration with other tools. From streamlining orders to managing inventory and staff, these systems provide the tools restaurant owners need to stay competitive in 2025 and beyond.

POS

The Food Corridor

APRIL 11, 2025

And build for sustainability—not just survival. New entrepreneur activity increased , with many turning to food businesses after being laid off or furloughed from traditional jobs. Revisit Your Business Model and Reaffirm Your Value Start with what’s working. Streamline Costs and Tighten Operations Small leaks sink big ships.

Cash Management

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

AUGUST 5, 2025

Balancing books and burgers can be a baffling business for restaurant owners. They’re often caught in the culinary chaos, leaving little time for critical financial management. Stay tuned to uncover the advantages of tailored hospitality accounting services, and how they could be the secret sauce to your business success.

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

JULY 10, 2025

Did you know that nearly 60% of new restaurants fail within the first year, often due to poor financial management? It’s not just about tracking income and expenses; it’s also about analyzing the financial data to make better business decisions. But what are these basics and how can they be effectively implemented?

Cash Management

SpotOn

FEBRUARY 4, 2025

She's designed menus, Instagram ads, and logos for small businesses. They’re an important tool for maximizing profit, managing inventory, and keeping your menu fresh and exciting.  Lynn Kupczyk is a Lead Designer on the SpotOn marketing team. Your restaurant menu defines your restaurant.

Design

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. They’d overlooked the importance of a top-notch bookkeeping service, and it cost them their business. Let’s dive into this critical discussion.

Cash Management

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

Perfect Daily Grind

JUNE 6, 2025

The petition, initiated by New York’s Coffee Bros, calls for the Trump administration to exempt coffee from tariffs under US trade policies, recognise coffee as a non-manufactured, essential agricultural commodity, and protect US small businesses and the global producers they depend on.

2025

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. restaurants over $12 billion, cutting the average small operator’s profits by 30 percent.

Reservations

Perfect Daily Grind

JULY 11, 2025

Following widespread criticism of its implementation, the European Commission postponed the rollout to 30 December 2025 for large and medium-sized companies, and to 30 June 2026 for micro and small companies. London, UK) Businesses for sale Thu, 10 Jul – Starbucks China receives controlling stake bids valuing unit at $10 billion.

2025

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?

Cash Management

Paper Chase Accountancy

MAY 29, 2025

Uncover the depth and breadth of the benefits that restaurant groups can enjoy from this often overlooked business strategy. Outsourced accounting allows restaurants to focus on core business growth and service quality improvement. It provides cost savings, risk management, and ensures data security, supporting business expansion.

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. Learn more about our Accounting Services !

Hospitality

Paper Chase Accountancy

JULY 3, 2025

There’s an undeniable significance in meticulous financial management, especially in the restaurant industry. They’re not just about numbers; they’re integral in ensuring smooth operations, compliance with tax regulations, and even in making future business decisions.

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. But how does a business owner discern the right service for their specific needs? Bookkeeping in Los Angeles is more than just record-keeping; it’s a crucial part of business compliance.

Management

Paper Chase Accountancy

JULY 15, 2025

Bookkeeping Los Angeles: Isn’t it crucial for any business to ensure their finances are in order? But how does this directly impact your business and why should you care? The Value of Local Knowledge in Bookkeeping Services Los Angeles In the complex world of business finances, local knowledge can offer a substantial edge.

Audits

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

JANUARY 30, 2024

Sustainable restaurant expansion requires balancing excitement with patience and perspective. There’s an art to scaling any small business intelligently. Sustainable restaurant expansion requires balancing excitement with patience and perspective. Define the one or two KPIs most critical for your top growth goals.

Leadership

Modern Restaurant Management

MARCH 1, 2023

Is your restaurant up to speed with the latest best practices for back of house (BOH) management? Those areas of your restaurant that aren’t typically seen by customers but directly impact your business. So, which back of office trends should restaurant ownership and management be concerned with heading into 2023?

Front of House

Modern Restaurant Management

JANUARY 8, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

2024

Modern Restaurant Management

JANUARY 5, 2024

To minimize service disruptions across restaurant operations, proactive businesses prioritize not just navigating the current economic environment but also preparing for any uncertainties in the future. The best plans utilize: More sustainable and diverse suppliers. Regionalized supply chains. Production and warehousing investments.

Supplies

Modern Restaurant Management

FEBRUARY 4, 2022

This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases. A short menu can slim down the food costs through streamlined inventory management, as well as reduced food waste. The solution isn't to get rid of takeaway or disposable small wares.

2022

Modern Restaurant Management

MARCH 11, 2020

US Foods Holding Corp.entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management, Inc. NYSE: APO) (the “Apollo Funds”) for $970 million in cash. The acquisition is subject to regulatory approval and other customary closing conditions.

Bar

Modern Restaurant Management

APRIL 14, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. The National Restaurant Association-managed site also provides a direct connection to the industry’s grassroots engagement platform.

Online Ordering

7 Shifts

JULY 21, 2020

Shelter-in-place orders, social distancing, and business closures make it next to impossible to generate pre-coronavirus revenue numbers. From small business loans to microgrants to business credit cards, cash is available; it just takes a bit of application work and a little know-how.

Cash Management

Modern Restaurant Management

FEBRUARY 18, 2020

Modern Restaurant Management (MRM) magazine asked restaurant industry movers and shakers: "What do you feel is going to cause disruption in the restaurant industry over the next decade?” In addition to improving the guest experience, technology also makes it easier for restaurants to manage their operations.

Mobile Ordering