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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

Hold Vendors Accountable to Contract Pricing As restaurant owners receive vendor invoices, they should use a system that can track purchased item costs to discover any contract violations. Reviewing these numbers frequently can help to hold vendors accountable to the prices they are quoting.

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How to Improve Restaurant Operations: 9 Proven Strategies

7 Shifts

Create optimized staff schedules Using the most recent data gathered by 7shifts , the restaurant industry's turnover rate is a whopping 62%. Optimizing staff schedules is essential to ensure that restaurant operations are not hampered by understaffing.

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How much does it cost to open a restaurant?

7 Shifts

Other tools that will make your restaurant run smoothly are an employee scheduling tool (starting at $17.99/month You’ll likely need the help of legal counsel, a business strategist, accountant and bookkeeper, and marketing and PR consultants to set yourself up for success. Check out these U.S. Check out these U.S.

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Restaurant Accounting Software: Gain Insight Into Your Financial Operations

Synergy Suite

A powerful tool, restaurant accounting software can revolutionize the financial management of your food service establishment. What is Restaurant Accounting Software? Restaurant accounting software is a specialized software solution designed to manage financial and accounting tasks specific to the restaurant industry.

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Double Shift Dilemma: Things For The Savvy Restaurant Manager to Consider 

Synergy Suite

To understand the nuances of what this entails, a savvy restaurant manager must delve into the logistics and human factors of such a scheduling practice. The world of labor scheduling has a lot of different terms to describe how the workday is divided up. Swing Shift Night shifts, day shifts, and morning shifts.

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Survey Says: Restaurateurs Are Making Expansion Plans

Modern Restaurant Management

For instance, 59 percent of operators have already automated staff scheduling, but a further 34 percent of them want to automate this process. For instance, a whopping 70 percent have already automated payroll, 67 percent have automated invoicing, and 65 percent have automated accounting/bookkeeping.