Finance Management

Simplify your accounting practices and ensure all of your financial data is accurate.

The Advantages of Connecting Your Restaurant Group’s Payroll and Accounting Systems

Payroll and accounting are some of the most complex, and critical, responsibilities for a restaurant. It is especially important to get payroll correct, because it

Year-end Accounting Checklist for Restaurant Businesses

If you’ve kept up to date with daily, weekly, monthly and quarterly accounting tasks, then year-end accounting for your restaurant business is going to be

Year-End Tax Strategies for Restaurants

As legislation continues to change in the final weeks of 2021, it is important to not lose sight of the tax changes already in place

Essentials of Payroll Accounting for Restaurant Groups, Part 2

As explored in Part 1 of this blog series, your payroll accounting systems overlap with many different parts of your restaurant business. Your payroll solution

Essentials of Payroll Accounting for Restaurant Groups, Part 1

How you run and track your payroll accounting has a significant impact on restaurant operations. From hiring and onboarding to running employee payments and paying

Simplifying P&L & Other Key Metrics

If you have anything to do with the financial success of your restaurant, knowing how to read and analyze a restaurant profit and loss (P&L)

How to Calculate Gross Profit & Revenue Growth for a Restaurant Business

Tracking your profit margin, in the current moment and over time, is critical to managing your restaurant’s financial health. All business owners and managers are

Successful Restaurant Accounting for Non-Accountants

Every business relies on good accounting, but it is especially true in the competitive restaurant industry. Whether you’re a bookkeeper, accountant, restaurant owner, or store-level

Why Restaurant Inventory Management is an Accounting Function

The success of your restaurant group, in the short- and long-term, rests on a solid foundation of restaurant financials. Restaurant accounting covers all areas of

Is Your Restaurant Leaving Money on the Table? Retention Tax Credits

Revisions to the Employee Retention Tax Credit (ERTC) are proving to be very profitable to restaurant owners. You can now do both a PPP loan

Everything You Need to Know About the $28.6 Billion Restaurant Revitalization Fund

With the goal of helping restaurants keep their doors open, this program will provide restaurants with funding equal to their pandemic-related revenue loss up to

Guest Blog: Fixed Asset Accounting: Say Goodbye to Inaccurate Balance Sheets

If you’re a fixed asset accountant who manages multiple locations, the following challenges may sound familiar. Paper invoices are not routed to the appropriate approvers

How to Read a Restaurant P&L Statement and Other Essential Data for Store-Level Managers

If you manage a restaurant, you’ve probably heard this statement from above-store management: “You need to know how to read a restaurant P&L statement.” The

Reading Your Restaurant P&L Statement

This blog post was originally published on September 10, 2019 and updated on April 15, 2021. Understanding a restaurant profit and loss statement (P&L) is

The Employee Retention Tax Credit: Is Your Restaurant Leaving Money on the Table?

For restaurant owners seeking to obtain economic relief as a result of the coronavirus, the Employee Retention Tax Credit or ERTC should not be overlooked.

Maximizing Restaurant Accounting Efficiency to Increase Your Bottom Line

Staying competitive in the modern restaurant industry requires that you increase efficiency so that you can focus more time on strategies for reducing controllable costs

What the New 1099-NEC (Nonemployee Compensation) Means for Your Restaurant Business

If you are an owner, operator, or on the accounting side of your restaurant business, you’ve probably been hearing about the new 1099-NEC form for

Restaurant365 Helps Accounting Partner FTR Hospitality Save Millions for Restaurant Clients

Restaurant365 helps accounting partner FTR Hospitality save millions for restaurant clients through efficiences and accurate data.

Restaurant Budgeting to Control Costs

One of the most important yet frequently overlooked parts of a business is the budget. For restaurant owners and operators in particular, in the midst

Restaurant Inventory Management: Why Accounting Integration is Important

Running a successful restaurant business is all about spending your cash wisely. You invest a large amount of your budget in inventory. When that inventory

The Essential Guide to Modern Restaurant Accounting

BLOG / The Essential Guide to Modern Restaurant Accounting The Essential Guide to Modern Restaurant Accounting July 19, 2020 Operating a restaurant group is unlike

Guest Blog: Tax Strategies as You Reopen Your Restaurant

While many American businesses have been impacted by COVID-19, the restaurant industry is among those hit hardest. In response, many restaurants adapted to shutdowns across

Ten Essential Tips for Ensuring a Restaurant Break-Even Point

You’ve reopened your dining rooms at the allowable capacity in the geographic areas of your restaurant locations. You followed all the new health and safety

How to Calculate and Optimize Your Restaurant Payroll Percentage

When times are tough, it is more important than ever to keep your eye on your costs. Your restaurant operations include many different expenses, from

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