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Flexible Covered Period and Expanded Allowable Expenses Makes Newest Round of PPP Funds More Advantageous for Restaurant Businesses

Restaurant365

The Act also redefines payroll costs to specifically include group insurance payments made on group life, disability, vision and dental insurance. Enables PPP borrowers to include additional group insurance payments when calculating PPP payroll costs. Ask for a free demo of Restaurant365 today.

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How to Calculate Your Crucial Restaurant Data

Restaurant365

Typically, your total labor cost accounts for “fully burdened labor”, which includes your hourly and salaried wages, payroll taxes, benefits like health insurance or vacation days, bonuses, overtime, and more. An accurate CoGS relies on up-to-date numbers from your inventory management system. How to calculate net profit.

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Successful Restaurant Accounting for Non-Accountants

Restaurant365

For instance, since restaurants primarily sell food and drink, inventory turns over at a very frequent rate, and sales are made up of a high number of transactions. Between inventory, sales, and other data points like labor, restaurants generate an enormous amount of data. Schedule a free demo of Restaurant365 today.

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Essentials of Payroll Accounting for Restaurant Groups, Part 1

Restaurant365

Your restaurant orders, receives, and counts food all in one system: your inventory management software. Your inventory management solution measures and stores all the information you need about your food cost. Ask for a demo of Restaurant365. However, tracking your labor cost is a bit more complicated.

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Essentials of Payroll Accounting for Restaurant Groups, Part 2

Restaurant365

The ACA requires employers to offer full-time employees compliant health insurance coverage and document this offer for the IRS. Employers with 50 or more full-time employees, as well as self-insured employers, are required to offer these benefits. Ask for a demo of Restaurant365.

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Where Business Meets Technology

Hot Schedules

Read More Health Insurance Requirements for Small and Medium Businesses Health insurance is one of the most important benefits an employer can offer, regardless of size. Get a demo, learn more, or just ask some questions. Learn more about our New HotSchedules Health Survey feature. We’re here to help!

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Upping the Ante: This Week in Restaurant Staffing

Modern Restaurant Management

It featured recruitment content and live sessions with Chipotle employees highlighting its benefits, career paths, cooking demos, and more. Many are not expecting labor to normalize until unemployment insurance also returns to normal.” ." Chipotle became the first brand to launch a virtual career fair on Discord on May 13.

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