New legislation can bring both challenges and opportunities. One such example is California’s “Honest Pricing Law” (SB 478), which went into effect on July 1, 2024. The law affects a wide range of businesses, from hotels and resorts to concert ticket retailers. For restaurant owners and managers, understanding and adhering to this law—which aims to […]
Recipe Costing is not a one-time occurrence – it’s an ongoing process. When food costs change, your recipe costs change. The actual purpose behind plate costing is so that you can price your menu items to ensure you’ll make money. If you notice a higher food cost than usual you can adjust your selling price, […]
In today’s fast-paced and competitive restaurant industry, digitizing vendor invoices can offer a wide range of benefits that can help restaurants streamline financial operations and gain competitive edge. Benefits of digitizing vendor invoices for restaurants: Increased Efficiency One of the biggest benefits of digitizing vendor invoices is the increased efficiency it can provide. When invoices […]
Restaurant accounting is the process of managing the financial transactions and records of a restaurant. This includes keeping track of revenue, expenses, profits, and losses. Effective accounting can help restaurant owners like you make better informed decisions about your business operations and improve the overall financial health of your restaurant. 6 ways you can optimize […]