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A Step-By-Step Guide To Restaurant Accounting

The Restaurant Times

Restaurant accounting is an integral part of operating modern-day restaurants and ensuring consistent growth in the business. Typical accounting methods have not been able to cope with the fast-changing demands of the restaurant business. Benefits Of Restaurant Accounting. Key Restaurant Accounting Metrics.

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New report shows short-term rentals gaining ground on hotels

PhocusWire

Hotels still account for 85% of the U.S. market, but short-term rentals' 15% share is nearly double the 8% it held in 2018, according to research from AirDNA and STR.

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Operators of Adelaide Vietnamese eateries accused of $400,000 underpayments

Hospitality Magazine

The alleged underpayments affected mostly Vietnamese international students aged under 25 and took place between 2018 and 2021, with amounts ranging from $74 up to $58,000.

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Ex-Gosford bistro operators penalised $9,990 in court

Hospitality Magazine

However, it was found a Pakistani cook was underpaid for three years, from 2018 until June 2021, after Fair Work Inspectors investigated the matter after receiving a request for assistance from them.

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Supporting local hospitality entrepreneurs in Australia

Hospitality Net

Australia generated AU$122 billion in tourism revenue in the 2018–19 fiscal year (the benchmark year for the travel industry before the coronavirus pandemic struck). Almost 10 million international visitors traveled to Australia from 2018 to 2019 and they spent AU$44.6 billion, a 5% increase on the previous year.

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David Chang’s Memoir Fails to Account for the Trauma He Caused Me

EATER

But as an employee on the receiving end of that rage, the book fails to account for trauma he caused me. Chang writes that he doesn’t remember the specific incident, but concedes that, apart from a few details, the account is “accurate and could have been written about almost any night I was working service.”.

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Aqua-Aston Hospitality promotes Andrea Mue

Hotel Business

She joined Aqua-Aston in December 2018 as SVP/chief financial executive. She led a transformation in Aqua-Aston’s financial strategy, implementing substantive changes to enhance its accounting and financial operations, including budgeting, financial reporting and audit functions, according to the company.