Finance Management

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

Why Restaurant Leaders are Embracing Accounts Payable Automation

Empower authorized users to send payments with one-click leveraging R365’s newest solution, AP Payments.

Podcast: Finances & Accounting Can Be Sexy

“We love the restaurant industry, and we help restaurants thrive and grow.” – Tony Smith, Co-Founder and CEO of Restaurant365, said on the Digital Hospitality

The Difference Between Bookkeeping and Accounting Software

6 signs it’s time to take the leap from bookkeeping to accounting software As a restaurant operator, you are the backbone of the restaurant. You

Why Restaurant Finance Leaders are Embracing Accounts Payable Automation

R365 Payments allows users the ability to send payments via one click, the entire process is managed and updated by the R365 Payment Service. Removes

5 Ways to Set Up Your Accounting for Success

This article was written by Tyler Kump, Senior Manager of Implementation Customer Success Onboarding at Restaurant365, for FEI Daily. While it might feel like an overwhelming

Five Restaurant Accounting Tips for Non-Accountants

This article was written by Morgan Harris and featured in Modern Restaurant Management. We all know that being a restaurant manager is tough. When we

Teaching Your Restaurant Bookkeepers the Basics of Restaurant Accounting

As a seasoned accounting or finance leader, you know that restaurant accounting is unique. But do your restaurant bookkeepers know the ins and outs of

Automating your Accounts Payable

If you have stacks of vendor invoices on your desk, you might want to spend five minutes to discover how automating your restaurant accounts payable

How Restaurant Finance Teams Can Support Operations to Increase Profitability

As a restaurant finance or accounting leader, you and your team can play a unique role in supporting your operations team. Your restaurant group’s profit

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)

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

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

Fixed Asset Accounting: Say Goodbye to Inaccurate Balance Sheets

BLOG / Fixed Asset Accounting: Say Goodbye to Inaccurate Balance Sheets Fixed Asset Accounting: Say Goodbye to Inaccurate Balance Sheets June 2, 2021 If you’re

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

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