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For Restaurants, 2021 Budgeting Will Require a Three-Tiered Approach 

Modern Restaurant Management

The high levels of uncertainty surrounding the future of the COVID-19 pandemic highlight the importance for restaurants to rethink their approach to budgeting for 2021. Budgets were thoroughly reviewed, signed off on and then periodically updated every 30, 60, or 90 days. Budget No. Budget No. Budget No.

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Restaurant Accounting: A Comprehensive Guide

7 Shifts

Restaurant accounting isn’t easy. Learning basic accounting is like studying a different language, regardless of how many decades you have in the restaurant industry. Learning basic accounting is like studying a different language, regardless of how many decades you have in the restaurant industry. Sounds complicated?

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Account for ‘The Invisible Guest’ Phenomenon

Modern Restaurant Management

They accounted for more than 80 percent of all restaurant transactions during those days. It’s important to monitor and account for your “Invisible Guest” traffic so you can get a better handle on resource allocation. After all, delivery apps and take-away service were the true lifelines of lockdown. It can be done.

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RKS Hotels Group streamlines accounting processes for its Alberta Canada Properties

eHotelier

The enterprise accounting solution will automate all general ledger, accounts payable, statistics, financials, and bank reconciliation processes in the cloud for the Four Points by Sheraton Edmonton South and the Travelodge by Wyndham Edmonton West hotels.

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

Modern Restaurant Management

The Center on Budget and Policy Priorities estimates that state budget shortfalls will reach almost 10 percent in the current fiscal year and about 25 percent in fiscal year 2021. A good practice for restaurants is to move these trust fund monies into separate bank accounts. On July 13, the U.S.

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Transforming Your 2025 Budget into a Dynamic Forecast

Revenue Hub

As we turn the calendar to 2025, hotel owners and operators are finalizing their annual budgets and ensuring they align with the latest market conditions. If youre still finalizing, keep these tips in mind: Choose the Right Budgeting Methodology: A top-down approach can align corporate goals efficiently but may miss granular needs.

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Luxury San Francisco Hotel Simplifies Budgeting with Updated Accounting and Forecasting Solutions

Hospitality Net

PVNG enterprise accounting and Targetvue budgeting and forecasting solutions from Aptech fit the bill for their ability to affordably give operators the insight, flexibility and control they desired.