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Five Restaurant Accounting Tips for Non-Accountants

Modern Restaurant Management

While strong accounting skills may not be at the top of what comes to mind, every good restaurant manager must have at least a basic knowledge of accounting to be successful. Restaurants face distinct accounting challenges that require a restaurant-specific approach. How to Set-Up Restaurant Accounting Cycles.

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Don’t Get Burned By The IRS – Tax Tips for Restaurant Owners

Modern Restaurant Management

If the restaurant fails to remit these trust fund taxes, responsible individuals — most often the corporate officers, bank account signers, and any other person deemed to have decision-making authority over tax payments can be held personally liable. Reconcile your bank accounts and credit card/merchant service statements monthly.

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Hotel accounting: Your property’s comprehensive guide

SiteMinder

What is hotel accounting? Hotel accounting is the process of recording and maintaining the financial records and performance of your hotel business. Good accounting makes the finances of your hotel easy to understand for management and other stakeholders – so they can make informed decisions. room sales).

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Common HR Mistakes for Restaurant Owners to Avoid

Horizon Hospitality

Treat this document as an outline of expectations that holds both employer and employee accountable. Incomplete Restaurant Employee Documentation Employee documentation should not be limited to the onboarding phase. They don’t have to be complex; Brief handbooks tend to be the most helpful in promoting policy compliance.

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10 Brilliant and Bizarre TikTok Food Accounts to Follow Now

EATER

Below are some accounts that take food content to the next brilliant (and sometimes terrifying) level. A food and lifestyle king who wears a sleep gown and uses a selfie stick to document his life. Erika documents the life of a Chick-fil-A wife. Real-life relationships be damned. For restaurant recommendations. printfairy.

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Changes to workplace laws start on 26 August

Hospitality Magazine

The document details the employment conditions that must be provided to all casual employees as well as information on the definition of a casual employee, how casual employment can be changed, reasons why an employer may not accept an employee’s notice, and the role of the Fair Work Commission to deal with disputes.

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The Complete Checklist For Selling Your Restaurant In 2024: Pre-Sale, Sale & Post-Sale

7 Shifts

The goal is to determine the total amount of cash flow that will be available to the new owner after accounting for these types of expenses. Pre-sale checklist for selling a restaurant Before you find a buyer, you should be ready to provide potential buyers with your business’s financial and legal documents.