Remove Front of House Remove Hiring Remove License
article thumbnail

Restaurant Accounting Tips Made Simple: Expert Ways to Boost Profits in 2025

Lavu

Even if you hire a professional to handle all the financial aspects of your business, you need to understand what is involved. You may feel that they are pulling you away from where the real action is, out front and in the kitchen. You cannot manage your restaurant properly without going into the accounting details.

2025 113
article thumbnail

Inside the World of Hospitality and Leisure Accounting

Paper Chase Accountancy

Beneath the surface of the hospitality industry includes seamless operations and financial complexity that far exceeds standard business accounting. Key Takeaways Understand the key functions and principles of hospitality and leisure accounting. Learn how bookkeeping services are tailored for this sector’s needs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Restaurant Profit Margin: 7 Ways To Actually Make Your Operation More Profitable

SpotOn

This is all the income from your food and beverage sales, catering, branded merchandise, packaged goods, venue hire, etc. We all know it. Restaurant profit margins are pretty low. But not entirely because of inflation, labor shortages, and high food costs. Generally, a good profit margin for restaurants is 10% or higher. Labor costs.

article thumbnail

How To Become A Bartender: A 6-Step Guide for Total Beginners

SpotOn

In this article: What does a bartender actually do? The pros and cones of bartending Should you go to bartending school? Steps to becoming a bartender FAQs about becoming a bartender I think that everyone, at some point, has romanticized the idea of becoming a bartender.  What does a bartender actually do?

article thumbnail

How AI Is Enabling Restaurant Labor Compliance

Modern Restaurant Management

In addition to more wide-ranging compliance requirements like general health & safety guidelines and local labor laws, there are food and beverage-specific safety regulations , requirements for specialty licenses (such as those to serve alcohol), and unique stipulations on labor compliance, many related to the employment of minors.

article thumbnail

Restaurant Accounting: A Comprehensive Guide

7 Shifts

Step 2: Look for a trustworthy restaurant accountant Even if you already know the restaurant bookkeeping and accounting process well, we suggest hiring a professional accountant to help ensure your business complies with local tax, payroll, federal, and state laws. It involves tracking massive amounts of real data and industry benchmarks.

article thumbnail

How to Create an Effective Restaurant Onboarding Process

7 Shifts

In order for new hires to perform well and stay happy in their roles, hiring managers need to pay more attention to the restaurant onboarding process. The purpose of the onboarding process is to teach new hires how to do their jobs successfully, and to catch them up on the company's culture and procedures.

FOH 307