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7 Signs Your Restaurant's Payroll Company Isn’t Working Out

7 Shifts

Interface issues can look like: Problems running off-cycle payrolls Hard-to-find reports and tax documents like W-2s Lots of manual data entry Too many features to learn Complications with onboarding employees Payroll isn’t a nice-to-have—it will always be a part of your responsibilities as a restaurant operator.

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Ultimate Restaurant Payroll Guide 2023

7 Shifts

Employee income is better documented, allowing them to qualify more easily for loans. RASI has documented a 26% increase in employee retention for businesses that run weekly payroll, stemming from increased employee satisfaction. Health insurance plan opt-in forms. Forms for any retirement savings plans, such as a 401(k).

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What to Include in Your Restaurant Employee Handbook

7 Shifts

Having all your best practices documented in one place will reduce errors, speed up training, and give everyone a source of truth—allowing you to put your trust in your employees’ hands and let them do the job they were hired to do. Once the document is legally sound, distribute a draft to your existing staff and get their opinions on it.

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Compare: Digital Tip Payouts vs. Cash Tip Payouts in Restaurants

7 Shifts

Think: POS system integrations, tracking and reporting capabilities, and separation from personal employee accounts. Reliable digital payment platforms have built-in security features that protect against fraud and unauthorized access, as well as FDIC-insurance so funds are backed by the full faith and credit of the United States Government.

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Easy Guide to Applying to the Restaurant Revitalization Fund

Cheetah

Review the official RRF web-page to learn about any additional documentation you might be asked for. There are two easy ways to apply to the Restaurant Revitalization Fund: Directly on RRF portal – HERE ; or Through your Point of Sale (POS) provider. They will you help understand what’s in store. Cheetah Support After Applying.

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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. PPP improvements relevant to restaurant businesses.

Insurance 148
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Why Restaurant Inventory Management is an Accounting Function

Restaurant365

Occupancy expenses (fixed costs such as rent, property taxes, and property insurance). If your restaurant accounting solution offers accounting integration with your inventory system and your POS, you can automate tasks like a completed stock count becoming an inventory journal entry. Conclusion.

Inventory 147