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10 Cash Flow Management Best Practices for Restaurants

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No matter the size of your restaurant, one truth remains: cash flow is king. Restaurant cash flow management is the lifeblood of your business. Yet, while most small business owners know this truth, many still struggle with basic cash flow definitions, fundamentals, and management strategies that actually maximize benefits.

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Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping

7 Shifts

Table of Contents 5 easy steps to simplify bookkeeping in the restaurant industry Essential accounting and bookkeeping reports for restaurant owners and managers Identifying and reducing controllable costs in the restaurant business Should I outsource restaurant bookkeeping or do it myself? Even those new to bookkeeping can use it!

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Breaking Down New York State Tips Laws for Restaurant Owners

7 Shifts

Tips belong to the employee, not the employer, and employers can’t take any part of employee tips, with one exception: employers can take a percentage of tips for a valid tip pool. New York also allows employers to claim a tip credit , reducing the cash wage requirement by one-third of the minimum wage.

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Breaking Down New York State Tips Laws for Restaurant Owners

7 Shifts

Table of Contents The basics of tip laws in New York What is minimum wage for tipped employees in New York? Tips belong to the employee, not the employer, and employers can’t take any part of employee tips, with one exception: employers can take a percentage of tips for a valid tip pool.

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Florida Tip Laws: Everything Employers Should Know

7 Shifts

Restaurant owners and managers must keep up with a steadily rising minimum wage (including tipped minimum wage), overtime laws, and other state-specific labor laws. How do you handle payment if an employee has both tipped and non-tipped responsibilities? What about overtime pay for tipped employees?

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Florida Tip Laws: Everything Employers Should Know

7 Shifts

Restaurant owners and managers must keep up with a steadily rising minimum wage (including tipped minimum wage), overtime laws, and other state-specific labor laws. How do you handle payment if an employee has both tipped and non-tipped responsibilities? What about overtime pay for tipped employees?

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New Restaurant Payroll Tactics and Tools For Building a Talented, Loyal Staff

7 Shifts

Enter 7shifts , a scheduling and team management app that simplifies the payday processes that typically run restaurateurs ragged. Typical Employee Payout Methods. How Outdated Pay Cycles Negatively Affect Employees. Any owner or manager running payroll manually understands the complexity faced each pay period.