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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. Put extra strength into marketing, which might just mean being consistent. Use technology to free up your time.

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Franchisee Success in a Murky Economy Depends on Cloud Accounting

Modern Restaurant Management

With restaurants historically one of the first places consumers cut spending in the recession-type environment we could be heading into, this market will impact franchises in unique ways, such as: Fluctuating costs of goods : As US food suppliers warn prices will keep climbing, consumers will feel the pain as that cost trickles down.

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A CPA’s Insight on Top Issues Restaurant Owners Face

Modern Restaurant Management

As a firm that specializes in working with clients in the restaurant industry, we regularly assist restaurant owners with many of these issues, particularly in areas like tax compliance, payroll, bookkeeping, and providing sound financial advice to help manage cash flow and business growth strategies.

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

Modern Restaurant Management

Use creativity to market a restaurant on a limited budget. Stay on Top of Bookkeeping Ensure that invoices are entered daily to help better manage cash flow. Businesses can run promotions, such as early bird specials, to attract budget-conscious diners and use an email database to get the word out.

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Survey Says: Restaurateurs Are Making Expansion Plans

Modern Restaurant Management

The website is one part of it, but it’s also about maintaining an active social media presence, offering a loyalty program, and investing in ongoing marketing campaigns. And, 67 percent have automated email marketing, while a further 30 percent want to. I hope they come away from reading the r eport with a sense of optimism.

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Seven Traits of Successful Restaurant Owners and Managers

7 Shifts

Today your POS system can process credit cards, track sales, simplify bookkeeping, and much more. Other efficiency benefits include POS software that tracks staff time and inventory, saving time in daily operations preparing payroll, bookkeeping, and inventory management. Marketing is an integral part of every business plan.