Remove Food Supply Remove Pricing Remove Tip Distribution
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The Best Restaurant Technology Of 2025

ChowNow

Do you lose money due to food waste? A higher-priced system that saves time and reduces errors might be more valuable than a cheaper, less effective alternative. Plus, their reliance on high fees forces restaurants to either raise menu prices or accept smaller profits. Identify your biggest pain points. Are labor costs too high?

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MRM Research Roundup: Destination Dining, Voice Commerce, and the Force of Fast Food

Modern Restaurant Management

In 2024, restaurants across the country saw an average five percent increase in transactions and an average eight percent increase in profits with only four percent caused by price hikes. In recent years, the food service industry has undergone a rapid transformation of automation and increased technology usage.

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Monthly Restaurant Accounting: Tax and Financial Tips 

Paper Chase Accountancy

The restaurant business is a dynamic, fast-paced world where passion for food and hospitality often takes center stage. Professional tips for hospitality accounting that directly contribute to sustained business growth. With this information at your fingertips, you can: Adjust pricing strategies: Is a menu item underperforming?

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Inside the World of Hospitality and Leisure Accounting

Paper Chase Accountancy

Here, financial reporting isn’t merely about compliance; it’s the strategic backbone supporting dynamic pricing models, intricate seasonal forecasting, a vast web of vendor relationships, and operations that are inherently labor-heavy. Restaurants and Food Service: Including fine dining, fast casual, QSRs, cafes, and catering.

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28 Strategies to Cut Costs in the Restaurant Business

Lavu

Running a successful restaurant in 2025 means more than just great food—it requires smart financial decisions. With rising ingredient prices, labor shortages, and tighter margins, operators must find strategic ways to reduce restaurant costs without compromising quality or customer experience. Food cost control is crucial.

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Hospitality Industry Accounting and Advisory Services: The Path to Sustainable Growth 

Paper Chase Accountancy

High Labor Costs: Staffing, often a significant portion of operational expenses, involves complex payroll structures, tip reporting, overtime, and benefits, all requiring meticulous tracking. Tip Management and Reporting: Ensuring accurate calculation, distribution, and reporting of tips for compliance and employee satisfaction.

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10 Tips for Promoting Sustainability in the Food Industry

Modern Restaurant Management

The COVID-19 pandemic led to fluctuations in domestic producer prices, particularly in the food sector , according to the U.S. Combine the rising prices of food with the drive to be more sustainable, and we have reached the point where we need to reduce, reuse, and shop local. Focus on the Food System.