Tip Pooling Calculator: Streamlining Fair Distribution of Tips
What is Tip Pooling Tip pooling is the practice of collecting all tips for the day and dividing them among working employees according to a formula. The formula can be as simple as an even division among all workers. Another popular formula is to weigh the tips by position in the restaurant according to a […]
What Restaurant Owners/Managers Should Know About Tips
Restaurant Tip Withholding Requirements, Importance of Proper Reporting & More Restaurant tips have their share of mystery surrounding them – but they don’t have to! Since tips are an extra type of payment to servers, bartenders, and other restaurant staff, they’re often regarded as under-the-table income. But that’s the first mistake usually made when calculating […]
8 Benefits of Restaurants Using Payroll Management Technology
Restaurant payroll is an important aspect of financial management for restaurants. It includes wages, tips, overtime, and any other benefits or compensation they may be entitled to. By tracking employee compensation and related expenses, you can’t accurately forecast labor costs or staffing levels accordingly. You can streamline the entire payroll process by using payroll management […]
Optimizing Restaurant Payroll Percentage
Understanding the basics of your restaurant payroll percentage In this article we’ll teach you how to calculate your payroll percentage, why it’s an important measure of the health of your business, and how you can improve restaurant labor costs with modern technology and sound management practices. What is payroll percentage? Your restaurant payroll percentage is […]
Comprehensive Checklist for Running Payroll
Ultimate Restaurant Payroll Checklist Name a restaurant process, and chances are you have a reliable checklist for guidance and adherence to best practices. Kitchen procedures? Check(list). Supply chain optimization? Check(list) again. Payroll procedures and guidelines? If running a payroll platform isn’t in your wheelhouse — and don’t worry, it’s not a specialty for most in […]
Complete Guide on How to Do Payroll for Restaurants
Introduction to Restaurant Payroll Restaurant owners and operators often approach the topic of payroll with apprehension. There’s the sense that payroll is time-consuming and difficult to get right in the current industry climate. In this article we’ll dispel that impression. Payroll does have multiple moving pieces, but simplifying the payroll process while paying your team […]
When and How to Switch Your Restaurant Payroll Software
When and How to Switch Your Restaurant Payroll Software Your restaurant payroll software is a key investment on two fronts: for your employees, to ensure they’re promptly & accurately paid, and for your management staff, to help streamline the payment process. Sometimes, the ROI on restaurant payroll software reaches the point of no return. Whether […]
5 Important Restaurant Management Skills
Restaurant Management Skills Every well run organization starts at the top. Sometimes, managers are brought in from another restaurant. And more often than you think, regular employees are promoted to manager. But which restaurant management skills separate the good leaders from the great ones? What’s more critical – organization or people skills? And what tools […]
Restaurant Accounting: A Complete Guide
The Ultimate Guide To Restaurant Accounting Getting a restaurant up and running is a challenge. Keeping a single establishment or franchise profitable over months and years is even more so. What separates the restaurants that quickly fail from those that have been established for an extended period? Sales & Expenses Point-of-sale (POS) Transactions Financial Reporting […]