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How to Conduct a Successful Restaurant Audit

Modern Restaurant Management

An audit can also be a powerful tool that can help you improve the financial health and profitabilit y of your restaurant. How to Conduct a Successful Restaurant Audit First, take stock of the following areas of your restaurant business: Cleaning and Sanitation It’s difficult to overstate the importance of sanitation for restaurants.

Audits 282
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COVID-19-Related Government Budget Deficits May Spur Aggressive Payroll and Sales Tax Audits 

Modern Restaurant Management

Although the IRS and state taxing authorities have initially slowed their pace of audit activity to protect the health and safety of their own employees during these turbulent times, this is only temporary. Consequently, restaurants can expect more aggressive payroll and sales tax enforcement in the near future.

Audits 450
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Don’t Get Burned By The IRS – Tax Tips for Restaurant Owners

Modern Restaurant Management

Restaurants, like other cash-intensive businesses, are a frequently targeted for audits by the IRS. By keeping accurate and complete records, you can reduce the length and pain of an audit. Once you are under audit, you may no longer remember some of the day-to-day details from a particular year, especially if it was six years ago.

Audits 470
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Tech Will Be Essential to Boost Food Safety and Quality in 2023

Modern Restaurant Management

Then, you may also have more intangible costs of an unhappy customer spreading poor word-of-mouth about your restaurant, negative reviews on social media, and decreased traffic, lower sales, and customer loyalty. million tons of grain. Inflation is causing food prices – and food insecurity – to soar. . Focus on Sustainable Food Production.

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Make High-Traffic Times More Profitable with These Payment Optimization Tips

Modern Restaurant Management

The restaurant industry continued to grow in 2024 with sales forecasted to top $1 trillion for the first time in history, according to the National Restaurant Association’s 2024 State of the Restaurant Industry report. Auditing monthly merchant statements can take weeks or even months to complete.

Audits 221
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COVID Caused Five Permanent Changes in the Restaurant Industry

Modern Restaurant Management

For many brands, an annual audit was the norm, while employees may have focused on not "getting in trouble" or "getting a good score" rather than the creation of culture. Technology can show historical sales patterns, which can help improve tasks from staffing to ordering. The Demand for Transparency.

Audits 474
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10 KPIs for Online Food Delivery Every Restaurant Needs

ChowNow

Without KPIs, spotting inefficiencies in your workflow is nearly impossibleleaving you without the data needed to make informed decisions and grow your online sales. How to track and improve order accuracy Restaurants can track accuracy by monitoring refund trends, conducting random order audits, and collecting customer feedback.

Delivery 195