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Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping

7 Shifts

Bookkeeping is one of the most essential aspects of any restaurant business. Regardless of how complex bookkeeping can look like in the beginning, understanding the basics is not an impossible task. Regardless of how complex bookkeeping can look like in the beginning, understanding the basics is not an impossible task.

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Is your business in shape for the year?

Hospitality Magazine

If you’re already using online rostering and booking services, integrate them with bookkeeping, payroll and marketing. Basic bookkeeping work can be done by someone else. Use technology to free up your time. Make 2023 the year for taking tech to the next level. Watch your numbers. Create content by experimenting with ChatGPT.

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Expanding Your Business? Seven Tips to Improve Cash Flow to Fund a New Location

Modern Restaurant Management

Make Frequent and Informed Labor Decisions Labor has a major impact on any restaurant’s cash flow. Stay on Top of Bookkeeping Ensure that invoices are entered daily to help better manage cash flow. It’s impossible to run effective cash flow if a business is behind on data entry or missing information.

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Three Strategies to Set Your Restaurant Team Up for Summer Success 

Modern Restaurant Management

Work Smarter and More Efficiently Good employee communication is key for any business, but only relying on the break room bulletin board to share information isn’t a very effective communication strategy. A team communication app is a perfect upgrade to the bulletin board.

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Restaurants Go Digital to Attract and Retain Talent

Modern Restaurant Management

This expectation has only grown stronger in a world now shaped by the pandemic and its impact on how we communicate and share information with others. As restaurants navigate staff shortages, they have access to fewer bookkeepers and payroll professionals to manage back-office functions.

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Survey Says: Restaurateurs Are Making Expansion Plans

Modern Restaurant Management

Today’s restaurant tech is well suited for growth because it ensures consistency and allows for the gathering of information from multiple stores. For instance, a whopping 70 percent have already automated payroll, 67 percent have automated invoicing, and 65 percent have automated accounting/bookkeeping.

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A Step-By-Step Guide To Restaurant Accounting

The Restaurant Times

Informed Decision-Making. You can use the P&L statement to assess profitability, make informed decisions and strategies, and calculate your profit margin. Your cash flow statement gives you information regarding the inflow and outflow of cash from your restaurant. Make an informed decision accordingly.