Master Restaurant Accounting With Technology
Running a restaurant is no easy feat. Between managing fluctuating costs, navigating razor-thin profit margins, and juggling compliance with financial regulations, restaurant accounting can feel like a full-time job in itself. For operators, mastering the art of accounting isn’t just about crunching numbers — it’s about building a sustainable business. While the unique challenges of […]
How Automated Payroll Can Be a Game-Changer for Your Restaurant
Payroll management in the restaurant industry is complex and time-consuming. From tracking hours and calculating tips to managing compliance with ever-changing tax laws, your payroll process can significantly drain resources. Manual methods amplify these challenges, leaving you vulnerable to errors, inefficiencies, and compliance risks that could hurt your bottom line. While some payroll functions will […]
Ensure Restaurant Safety & Compliance Under the Human Foods Program
In October 2024, the FDA rolled out its revamped Human Foods Program (HFP), a landmark initiative designed to unify food safety and nutrition regulations. For restaurants, this program represents a significant shift that not only demands attention and compliance, but also provides opportunities to improve safety, efficiency, and trust. Understanding the program’s implications—and designing and […]
7 Ways Automation Simplifies Invoicing
Making time to manage invoices is a necessary but often dreaded task in the restaurant industry. The process is time-consuming, requiring your team to juggle manual data entry, reconcile invoices, and track expenses—all while managing countless other responsibilities. Your managers are already stretched thin, and invoicing errors and inefficiencies can result in lost time, strained […]
Restaurant Cash Flow: What Every Restaurant Leader Needs to Know
Cash flow management is vital to the immediate performance, stability, and long-term success of any restaurant business. Closely monitoring your restaurant cash flow statement – a detailed record of the cash coming into your restaurant (the inflows) and leaving it (the outflows) – impacts your ability to pay staff, keep the lights on, stock the […]
13 Direct & Indirect Costs That Drain Your Restaurant’s Profit Margins
Profit margins in the restaurant industry are razor-thin, and every dollar wasted in operations is a dollar lost from the bottom line. Many restaurants unknowingly hemorrhage money through avoidable direct and indirect costs. From food storage mishaps to underused marketing campaigns, these hidden drains can make or break profitability. This guide highlights 13 of these […]
Restaurant COGS Guide: Calculate & Manage Food Costs for Success
Running a successful restaurant isn’t just about creating great recipes or a unique atmosphere. To be sustainable, your restaurant must manage costs effectively, and Cost of Goods (COGS) has one of the biggest impacts on your bottom line. Unfortunately, many operators don’t understand how mismanaging COGS for restaurants can negatively impact profitability and cash flow. […]
Effective Restaurant Labor Cost Control
Restaurant labor cost represents one of the largest expenses for restaurants, often accounting for 25–30% of total sales. Managing these costs efficiently is critical for profitability and operational sustainability. Labor reports are essential tools that offer insights into staffing efficiency, payroll accuracy, and employee productivity. By effectively utilizing these reports, you can make data-driven decisions […]
Tax Season for Restaurant Owners: Simplified Steps for Compliance
The months leading up to tax season can be a stressful time for restaurant owners. In addition to managing PTO requests and hosting parties and houseguests during the busy holiday season, there’s that creeping feeling that you’ll soon need to get your business financials in order for your accounting teams. But there’s an alternative: with […]
Smart Restaurant Accounting Methods that Drive Growth
Let’s face it—restaurant operators juggle dozens of moving parts every day, making accurate restaurant accounting crucial. Though confusing, incomplete financial data is the last thing you need, that’s exactly what you get with basic cash-based accounting or generic bookkeeping tools. Think about it. Your Friday night dinner rush involves credit card payments, mobile orders, vendor […]
