Afleveringen
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Discover the power of a Tip Pooling Calculator, designed to streamline fair distribution of tips among restaurant employees.
Using a Tip Pooling Calculator ensures consistency and fairness in dividing tips, reducing manual efforts and potential errors. Customize the calculator's formula to match your specific needs, whether it's using a point-based system or even distribution. Managers can save time and foster transparency by easily explaining the tipping process to employees.
Benefits of using a Tip Pooling Calculator:
Save time with automated calculations. Enhance accuracy and consistency in tip distribution. Improve transparency and employee satisfaction.Learn how to effectively manage tip pooling, emphasizing clear communication with staff about the process and its benefits. Encourage employee buy-in by fostering trust through transparency. Regularly evaluate and refine your tip pooling procedure to ensure it aligns with your intended outcomes.
Watch the full Video: https://youtu.be/dfo56sG8gMw
Read the full Blog Post: https://rasiusa.com/blog/tip-pooling-calculator/
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Discover the Power of Balance Sheets for Restaurant Success!
Learn how to create a balance sheet for your restaurant business. This essential financial tool provides insights into your fiscal standing, guiding your path to stability and growth. In this episode we cover everything you need to know about creating a balance sheet, key components like assets, liabilities, equity, and more!
Follow our step-by-step guide:
Choose a balance sheet date (quarterly or monthly). List assets by liquidity - from cash to long-term investments. Verify totals against your general ledger. Determine current and long-term liabilities. Calculate owner's equity - value after debts. Validate your balance sheet.Master the art of balance sheets for your restaurant's prosperity. Watch now and unleash financial potential!
Read the full Blog Post: https://rasiusa.com/blog/how-to-create-a-balance-sheet-for-small-business/
Watch the full Video: https://youtu.be/A83IGWQeymk
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Profit margin is a key indicator of restaurant financial health. It's a measure of how much money your restaurant makes above its costs, expressed as a percentage. In this episode, we'll show you how to calculate profit margin for your restaurant using a simple formula. As a bonus, we'll also share some proven tips for improving your profit margin.
Read the full Blog Post: https://rasiusa.com/blog/profit-margin-calculator-for-restaurants/
Watch the full Video: https://youtu.be/PuYmsrtVlUs
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Are you tired of wasting money on produce that goes bad before you can use it? Do you spend hours every week ordering produce from different suppliers?
In this episode, we'll show you how to create a restaurant produce ordering guide that will save you time and money. We'll cover everything from how to assess your needs to how to find reliable suppliers. Keep watching to learn about all the tools you need to create a produce ordering guide that works for your restaurant.
Watch the full Video: https://youtu.be/XCLhPV55SjI
Read the full Blog Post: https://rasiusa.com/blog/restaurant-produce-ordering-guide/
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Ready to elevate your restaurant's summer events and promotions? Uncover expert strategies to captivate your target audience, leverage social media, and implement budget-friendly ideas. From collaborating with neighboring establishments to crafting mouthwatering seasonal menus and refreshing cocktails. Learn how to track results, set measurable goals, and utilize customer feedback for optimal success!
Watch the full Video: https://youtu.be/QX--lJzz8Uo
Read the full Blog Post: https://rasiusa.com/blog/budget-friendly-restaurant-events-promotion-for-summer/
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In this episode, we discuss the importance of proper produce storage in a restaurant. We cover factors that affect freshness, specific produce storage tips, and best practices for produce storage. Plus, we learn how to select high-quality produce. Listen to learn all the tips and tricks of freshness!
Read the full Blog Post: https://rasiusa.com/blog/restaurant-produce-storage-guide/
Watch the full Video: https://youtu.be/DfRwbAKsYnc
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In this episode, we discuss the importance of proper produce storage in a restaurant. We cover factors that affect freshness, specific produce storage tips, and best practices for produce storage. Plus, we learn how to select high-quality produce. Listen to learn all the tips and tricks of freshness!
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In California, restaurants are responsible for paying sales tax to the state on taxable items. What makes a transaction taxable? The answer gets a little complicated for restaurants. The key distinctions are whether the food is hot or cold, and whether it is intended to be consumed on the premises. In this episode, we'll show you how to calculate restaurant taxes in California, discuss additional California restaurant taxes, and teach you some tips on how to streamline this whole process.
Read the full Blog Post:
Watch the full Video: https://youtu.be/qPvwsIybmOM
Social Handles: RASI Instagram: https://www.instagram.com/rasinc__/RASI Twitter: https://twitter.com/RASInc_RASI Facebook: https://www.facebook.com/RestaurantAccountingServicesIncRASI LinkedIn: https://www.linkedin.com/company/restaurant-accounting-services-inc-rasi #RASI #FocusOnFoodNotFinances#restaurantaccounting #restaurantaccountingservices #restaurantaccountingsoftware #restaurantpurchasing #restaurantpurchasingprogram #restaurantbudgets #restaurantbudgeting #foodcosting #menuengineering #restaurantoperations #restaurantpayroll #restaurantHR #restaurantcompliance #restaurantconsulting #restaurantinventorymanagement #openingarestaurant #restaurantstartup
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Keeping up with State and Local taxation laws and compliance can feel overwhelming and confusing. As a restaurant owner, ensuring accurate and timely tax payments is critical to avoiding unnecessary penalties and maintaining licensing. Understanding tax types, what they mean to your business and how investing in tax professionals to assist with calculation, remittance and payment can help reduce your audit risk and maximize your deductions. In this video, we'll explore the different tax types, how to handle taxes on restaurant specific activities such as tips and service charges, and strategies for tax planning. Don't let the stress of tax management get in your way. Listen in on this episode to understand tax risks and minimize the tax burden for your restaurant.
Read the full Blog Post: https://rasiusa.com/blog/complete-guide-on-restaurant-taxes-for-managers-owners/
Watch the full Video: https://youtu.be/BMnfa3DhI8c
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Do you have questions about how to handle tips for your restaurant staff, tip reporting, and compliance? In this episode, we will discuss everything you need to know about tips in a restaurant. From withholding requirements to the importance of proper reporting, we'll cover it all. Tips are often regarded as under-the-table income, but they are actually considered taxable income to the recipient and must be accounted for accordingly.
Whether you're a seasoned restaurant owner or just starting out, this video is a must-watch - take the first step towards properly handling tips for your staff and ensuring compliance with IRS regulations.
Read the full Blog Post: https://rasiusa.com/blog/what-restaurant-owners-managers-should-know-about-tips/
Watch the full Video: https://youtu.be/DqCDsjwt_rs
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Are you ready to fulfill your dream of owning a restaurant? It's an exciting venture, but before you dive in, there are critical financial factors you need to consider. In this episode, we're going to show you everything you need to know before buying a restaurant and how to assess its financial health. We'll be going through essential financial documents like the Profit and Loss Statement, Balance Sheet, and Cash Flow Statements to help you understand how to evaluate a restaurant's financial standing. Listen to this episode and get the education you need to make the right purchase decision and start your restaurant's success story.
Read the full Blog Post: https://rasiusa.com/blog/how-to-buy-a-restaurant-everything-you-need-to-know-financially/
Watch the full Video: https://youtu.be/xtY1OPxqf-U
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If you're running a restaurant, managing payroll can be time-consuming and challenging. But with payroll management technology, you can streamline the entire process, saving time and reducing errors. In this episode, we'll explore the benefits of using payroll management technology in your restaurant, including improved payroll compliance, flexible paydays and cycles, and online employee access. Don't let payroll management slow you down.
Listen on to learn how to leverage technology for more efficient financial management in your restaurant.
Read the full Blog Post: https://rasiusa.com/blog/8-benefits-of-restaurants-using-payroll-management-technology-rasi/
Watch the full Video: https://youtu.be/4DXdx2PJo88
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Discover the basics of calculating your restaurant payroll percentage and why it's crucial for the health of your operation. In this episode, we'll discuss how modern technology and sound management practices can improve it over time. Listen to the episode to learn all things payroll percentage including:
How to identify areas of improvement How to reduce payroll costs with best practices like using restaurant-specific payroll software & offering employee incentives Implement flexible scheduling to support customer demand while minimizing labor costsTake control of your restaurant's finances with data-driven decision making!
Read the full Blog Post: https://spotifyanchor-web.app.link/e/YjBkY1mckyb
Watch the full Video: https://youtu.be/4DXdx2PJo88
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Running a restaurant requires adhering to best practices and guidelines for various processes, including supply chain optimization, kitchen procedures, and payroll. While most restaurateurs are not payroll experts, it is essential to ensure compliance and accurate tax reporting to avoid penalties and legal issues. In this podcast we dive into the essential restaurant payroll checklist items and lay the groundwork for accurate and timely payroll practices.
Read the full Blog Post: https://rasiusa.com/blog/comprehensive-checklist-for-running-payroll/
Watch the full Video: https://youtu.be/BlO8XeRMPCo
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Restaurant owners and operators often approach payroll with apprehension. In this post, we'll show you that payroll does not have to be difficult. With the right, hospitality-specific, payroll processor, simplifying the payroll process while paying your team members timely and accurately is, in fact, a realistic goal for every restaurant. Don't let your restaurant payroll stress you out – with the right tools and strategies, you can streamline the process and keep your team happy and motivated.
Read the full Blog Post: https://rasiusa.com/blog/complete-guide-on-how-to-do-payroll-for-restaurants/
Watch the full Video: https://www.youtube.com/watch?v=tXcshpflfLs
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Looking for a guide on when and how to switch your restaurant payroll software? Look no further! Your restaurant payroll software is a crucial investment for your business, and outdated technology or a rapidly changing workforce can make it necessary to switch to a new solution. But how do you navigate this process? In this podcast, we'll cover the reasons why you might need to switch your software, and provide key attributes to look for in a new platform, including effortless onboarding, the ability to accommodate growth, on-point integration, and tax compliance. Follow these tips to ensure a smooth transition and keep your payroll process streamlined and efficient. Watch now to learn more!
Read the full Blog Post: https://rasiusa.com/blog/when-and-how-to-switch-your-restaurant-payroll-software/
Watch the full Video: https://www.youtube.com/watch?v=tXcshpflfLs
Social Handles:
RASI Instagram: https://www.instagram.com/rasinc__/
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Discover the essential guide to securing a loan for your restaurant business or startup! In this episode of The Tip Share, we'll explore the different types of restaurant loans available, including small business loans, business lines of credit, traditional commercial loans, and business credit cards. You'll learn about the prerequisites to consider before applying for a loan, including your credit worthiness to identifying your collateral. We'll also delve into specific financing needs for restaurants, including equipment loans, inventory financing, and working capital. Finally, we'll take a closer look at all the major types of Capital Lenders and how to choose the best option for your loan needs. Tune in to have a strong foundation for securing the best loan for your restaurant's success!
Read the full Blog Post: https://rasiusa.com/blog/restaurant-business-startup-loans-complete-guide/
Watch the full Video: https://www.youtube.com/watch?v=MpVFGpYdM0o
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When it comes to restaurant data, most operators record and track basic sales data, such as tickets, ticket size, tips, and nightly totals for food and beverage. They may be doing this manually, or directly through their point of sale (POS) system. Your average restaurant then takes this basic sales data, copies it into spreadsheets, and hands it over to their accountant to calculate critical financial performance metrics. The accountant then issues periodic reports that allow the restaurant owner to retrospectively know how he did for the past period. Sound familiar? Clearly, this is a state of affairs ripe for positive disruption by next-generation technology.
Read the full Blog Post: https://rasiusa.com/blog/how-do-restaurants-use-data-analytics
Watch the full Video: https://youtu.be/4oXXHyf6PL4
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Like many business trends, technology for restaurants is largely driven by demand. And this demand originates with how, when, and where your customers eat. Technology is an important and integral part of every restaurant - it can assist you achieve your goals, improve your business operations, and be more successful. Learn which types of technology in restaurants are here to stay!
Read the full Blog Post: https://rasiusa.com/blog/why-you-should-embrace-technology-in-restaurants/
Watch the Quick Snippet Video: https://www.youtube.com/watch?v=GwLAuAQqMY0
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What’s the one key ingredient – figuratively speaking – of your restaurant’s ultimate success? Some restaurant or bar owners think it’s all about location, location, location. Others may lean toward a loyal customer base. And don’t forget about seasonal swings and capitalizing on the “perfect timing” aspect of sales.
All valid “ingredients,” for sure. But have you considered the importance of menu pricing as a key driver of revenue and profit? Think about it this way: whatever type of eatery you run (restaurant, bar, catering service, food truck, etc.), day in, day out purchases off your menu are the most consistent source of income. And finding the right balance to offer customer value and optimal profit is critical to a profitable enterprise.
Read the full Blog Post: https://rasiusa.com/blog/restaurant-menu-pricing-the-secret-to-your-restaurant-success/
Watch the Quick Snippet Video: https://youtu.be/EIOAvEZ0I0w
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Inventory management enables restaurants to track existing product levels (food, supplies, etc.), and also know when to reorder. And it’s certainly one of the more “tricky” aspects of day-to-day restaurant management. Managing restaurant inventory is the ultimate balancing act; your business requires a base level of ingredients and supplies to account for regular operations, but not too much.
Read the full Blog Post: https://rasiusa.com/blog/how-do-successful-restaurants-manage-inventory/
Watch the Quick Snippet Video: https://youtu.be/OUT0DOcFp34
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