Running a successful restaurant is a delicate balancing act that requires attention to numerous details. From creating a mouthwatering menu to managing staff and providing excellent service, there’s a lot to consider. One often overlooked but critically important aspect is understanding which ingredients have the largest impact on your restaurant’s success. In this blog, we’ll […]
The restaurant industry’s margins are slim, so success strongly hinges on sound financial management. The demand for specialized accounting services has never been more pronounced than where we see it today. Restaurant owners have recognized the necessity of partnering with accountants proficient in both general financial practices and the intricacies of restaurant operations. These specialized accountants aren’t […]
Your restaurant payroll software is a key investment on two fronts: for your employees, to ensure they’re promptly & accurately paid, and for your management staff, to help streamline the payment process. Sometimes, the ROI on restaurant payroll software reaches the point of no return. Whether due to outdated technology, your own rapidly changing workforce, […]
You may be asking, how does payroll work? That is, what should payroll look like for a restaurant? We’ll start with the basics. What is payroll? Payroll is the business process of regularly paying out all your wage, payroll tax, and benefit liabilities to employees. We’ll spell those out: wages are employee earnings, payroll taxes […]
Restaurant payroll is an important aspect of financial management for restaurants. It includes wages, tips, overtime, and any other benefits or compensation they may be entitled to. By tracking employee compensation and related expenses, you can’t accurately forecast labor costs or staffing levels accordingly. You can streamline the entire payroll process by using payroll management […]
Understanding the Basics of Your Restaurant Payroll Percentage In this article we’ll teach you how to calculate your payroll percentage, why it’s an important measure of the health of your business, and how you can improve it overtime with modern technology and sound management practices. What is Payroll Percentage? Your restaurant payroll percentage is a […]
Ultimate Restaurant Payroll Checklist Name a restaurant process, and chances are you have a reliable checklist for guidance and adherence to best practices. Kitchen procedures? Check(list). Supply chain optimization? Check(list) again. Payroll procedures and guidelines? If running a payroll platform isn’t in your wheelhouse — and don’t worry, it’s not a specialty for most in […]
Introduction to Restaurant Payroll Restaurant owners and operators often approach the topic of payroll with apprehension. There’s the sense that payroll is time-consuming and difficult to get right in the current industry climate. In this article we’ll dispel that impression. Payroll does have multiple moving pieces, but simplifying the payroll process while paying your team […]
Restaurant accounting refers to the specialized field of accounting that focuses on financial management and reporting specific to the restaurant industry. It involves tracking, analyzing, and managing the financial transactions and operations of a restaurant business. Restaurant accounting encompasses various aspects, including bookkeeping, financial statement preparation, budgeting, cash flow management, inventory control, payroll processing, tax […]
The words “take inventory” are enough to make your staff cringe and run off in 30 different directions. You’ve tried getting your staff to do it and it doesn’t go well. They fudge numbers and are very inconsistent. Instead, you’ve tried to do it yourself, but every time you pick up the pen and clipboard, […]
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