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The Advantages of Connecting Your Restaurant Group’s Payroll and Accounting Systems

Restaurant365

A period with seven weekend days, as opposed to one with nine, will likely generate much different sales and expense levels. For instance, if you run payroll weekly or bi-weekly, a four-week accounting period allows you to align labor costs with sales, informing accurate, useful labor cost calculations.

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Essentials of Payroll Accounting for Restaurant Groups, Part 2

Restaurant365

For many restaurants, the weekend provides significantly higher sales levels than a weekday. No matter what laws your restaurant group falls under, it is beneficial to prioritize recordkeeping and audit trails to demonstrate compliance with labor and pay regulations. Understanding payroll regulations.

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Refine Your Restaurant Chart of Accounts with These Expert Insights

Xtra Chef

But a more detailed CoA can help restaurants tell their story through data, stay audit-ready, and easily uncover inefficiencies that are costing the business money. Consider this: you make a $20 sale for a to-go order at your restaurant. Your CoA is set up to code all sales the same way. Keep reading for his insight!

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What’s Next?: MRM Restaurant Survival Guide Updates

Modern Restaurant Management

Restaurant employees can apply online to receive a one-time, $500 check to use toward bills, including housing, transportation, utilities, childcare, groceries, medical bills and/or student loans. The Foundation will administer the grants, offered on a first-come, first-served basis. Live in the U.S., an overseas U.S. military base, or any U.S.

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New & Notable: TEAM Schostak Celebrates 40, AI in Food Service and Beachy Tech

Modern Restaurant Management

New & Notable spotlights the latest news restaurateurs need to know. TEAM Schostak Family Celebrates Anniversary and Employees. TEAM Schostak Family Restaurants (TSFR) is celebrating its 40th anniversary along with the anniversaries of employees that have been with the company for 20 years or more.

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What the Heck Are General Ledger Codes, Anyway?

Xtra Chef

To begin with the basics, a General Ledger is used as the source of truth for all points of accounting. In restaurants or restaurant groups, the General Ledger would include things like vendor purchases, labor expenses, and daily sales. It tracks every transaction made during the lifespan of a company.

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4 New Year’s Resolutions Every Restaurant Should Make, and How to Nail Them

ChowNow

In addition to considering new photos, audit your website to see what else might be due for an update. Now restaurants don’t need their own delivery drivers or a third party in order to get their food from point A to point B. There you have it — there are so many ways to boost your brand and sales in the new year.