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Restaurant Accounting: A Comprehensive Guide

7 Shifts

Restaurant accounting isn’t easy. Learning basic accounting is like studying a different language, regardless of how many decades you have in the restaurant industry. Learning basic accounting is like studying a different language, regardless of how many decades you have in the restaurant industry. Sounds complicated?

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Expanding Your Business? Seven Tips to Improve Cash Flow to Fund a New Location

Modern Restaurant Management

Restaurant365’s State of the Industry Customer Survey shows that 60 percent of surveyed customers plan to expand their businesses in 2023 despite expected increased labor and food costs. Businesses can run promotions, such as early bird specials, to attract budget-conscious diners and use an email database to get the word out.

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Restaurant Bookkeeping: The Ultimate Guide

Synergy Suite

That’s why mastering the art of restaurant bookkeeping is a skill not to be overlooked. This guide will walk you through the essentials of restaurant bookkeeping, offering techniques to streamline your financial processes and ensure your venture flourishes. What Is Restaurant Bookkeeping and Why Is It Important?

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Automation Can Help with Restaurant Staffing Shortages

Modern Restaurant Management

According to the National Restaurant Association’s 2022 State of the Industry Report, seven out of 10 restaurant owners report not having enough workers to keep their business open at full capacity. Compare that value to spending several thousand a month on full-time bookkeeping or paying your staff their hourly wage to cut checks.

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ESOPs and Sustainable Restaurant Culture

Modern Restaurant Management

My family and I would be able to reap the rewards over time, of selling the restaurants to the employees, and at the same time, as seeing the restaurants through as a legacy and long-term business decision. At the same time, it is a very complex mechanism that takes time to build value, as a business grows, and as we pay down debt.

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Seven Traits of Successful Restaurant Owners and Managers

7 Shifts

These may be traits that come naturally to the best restaurateurs, but they can also learn some valuable habits to help them efficiently and effectively run a business and meet their goals. A successful business plan covers everything from the food you’ll serve to how your restaurant will look and how you want your customers to feel.

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A Step-By-Step Guide To Restaurant Accounting

The Restaurant Times

Restaurant accounting is an integral part of operating modern-day restaurants and ensuring consistent growth in the business. Typical accounting methods have not been able to cope with the fast-changing demands of the restaurant business. Benefits Of Restaurant Accounting. Key Restaurant Accounting Metrics.