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For Restaurants, 2021 Budgeting Will Require a Three-Tiered Approach 

Modern Restaurant Management

The high levels of uncertainty surrounding the future of the COVID-19 pandemic highlight the importance for restaurants to rethink their approach to budgeting for 2021. Budgets were thoroughly reviewed, signed off on and then periodically updated every 30, 60, or 90 days. Budget No. Budget No. Budget No.

Budgeting 203
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Delivery Fraud: Fighting Scams to Protect Your Restaurant

Modern Restaurant Management

They will create multiple fake accounts in bulk and then sell them to those looking for a discount on food. When done on a large scale, this wastes the platform’s marketing budget and eventually leads them to cut down on promotions, slowing order volumes for restaurants. Promotion abuse can take other forms as well.

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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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Account for ‘The Invisible Guest’ Phenomenon

Modern Restaurant Management

They accounted for more than 80 percent of all restaurant transactions during those days. It’s important to monitor and account for your “Invisible Guest” traffic so you can get a better handle on resource allocation. After all, delivery apps and take-away service were the true lifelines of lockdown. It can be done.

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Five Predictions for 2025 (and How to Prepare)

Modern Restaurant Management

Winning restaurant brands have two things in common in this environment: digital transactions account for a majority of overall sales and they’ve won over the still-buying younger generations. Nearly 80 percent of our survey respondents are more likely to return to the same QSR versus switching brands.

Pricing 188
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RKS Hotels Group streamlines accounting processes for its Alberta Canada Properties

eHotelier

The enterprise accounting solution will automate all general ledger, accounts payable, statistics, financials, and bank reconciliation processes in the cloud for the Four Points by Sheraton Edmonton South and the Travelodge by Wyndham Edmonton West hotels.

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Final Call: Finalizing Your 2025 Hotel Budget and Flipping it to a Forecast

Hospitality Net

As we turn the calendar to 2025, hotel owners and operators are finalizing their annual budgets and ensuring they align with the latest market conditions. Heres how to navigate the year ahead with a combination of operational adjustments and dynamic forecasting.