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 […]
Labor: Fixed vs Variable Cost?
One of the most critical expenses in managing a restaurant is labor. From wages to payroll taxes, the complexity of managing labor directly affects your success, and management teams need to understand the related details, particularly the concept of fixed vs variable cost. Labor costs aren’t easily categorized—they can be both fixed and variable, depending […]
Understanding and Managing Restaurant Labor Costs
Understanding and managing restaurant labor costs plays a significant role in profitability and is crucial for your management team to understand. Labor costs include wages, benefits, payroll taxes, and other mandatory contributions, making them a critical factor in determining a restaurant’s profitability. Successfully managing labor costs can be the difference between a thriving restaurant and […]
Revolutionize Tipped Wage Management with Automation
Labor costs represent a significant portion of a restaurant’s expenses, so efficient management of server minimum wage and tipped wages is paramount. Operators must handle tipped wages precisely to maintain profitability and ensure compliance with federal and state regulations. Innovative solutions like Back Office’s new tipped wage automation feature are transforming how restaurants handle their […]
Unlock Efficiency in Restaurant Operations with POS Integration
In the fast-paced world of restaurant operations, efficiency isn’t just a goal—it’s a necessity. Every day, tasks and responsibilities mount, including payroll, payment processing, vendor management, sales tracking, and general accounting. Zoom out to a monthly or quarterly outlook, and you’ll also need to handle inventory management and tax reporting. Without efficiency in these processes, […]
California Wage Law: How AB 1228’s Affects Quick-Serve Restaurants
In recent years, California has led the movement to increase the minimum wage. Assembly Bill 1228 (AB 1228), which went into effect April 1, 2024, requires quick-serve restaurants to pay employees a minimum wage of $20/hour. In addition, AB 1228 established the nation’s first Fast Food Council, a consortium of foodservice workers, government appointees, and […]
When and How to Switch Restaurant Payroll Software
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, […]
What to Consider When Setting up Payroll for a Restaurant
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 […]
8 Benefits of Restaurants Using Payroll Management Technology
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 […]
Optimizing Restaurant Payroll Percentage
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 […]