Finance Management

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

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

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

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

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

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.

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

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

Guide to Modern Restaurant Accounting

Despite the unique challenges your restaurant faces, modernrestaurant accounting can help you eliminate hours ofmanual work, gain visibility across your organization andreduce controllable expenses. Next

Modern Accounting Impacts Profitability

Keeping track of your finances is time-consuming, and yet it has enormous implications for your bottom line. Staying competitive in the modern restaurant industry requires

Restaurant Accounting 101

The Complete Guide to Starting a Restaurant reviews some critical considerations for opening a new restaurant. Learn some common best practices for your accounting when

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