Restaurant Industry News

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Articles from The Insider’s Report archives go back over several years. Some articles may include date-sensitive information or other information that has changed over time.
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The Purchasing Cycle – Accounting Cycle for Restaurants

WHAT NEEDS TO BE ACCOUNTED FOR IN YOUR RESTAURANT BE AWARE OF WHAT IS REQUIRED Restaurant owners rarely know how much accounting is required to run their restaurant.  Naturally, they just assume that the accountant “just handles it.” But does the accountant really...

The Sales Cycle – Accounting Cycle for Restaurants

WHAT NEEDS TO BE ACCOUNTED FOR IN YOUR RESTAURANT BE AWARE OF WHAT IS REQUIRED Restaurant owners rarely know how much accounting is required to run their restaurant.  Naturally, they just assume that the accountant “just handles it.” But does the accountant really...

Tip Reporting and Becoming Compliant

HOW TO REPORT TIPS PROPERLY Many years ago, tip reporting was easy and owners typically would tell their accountants or payroll company to just report tips up to whatever the minimum wage was at the time and that was sufficient. This was a good deal for the restaurant...

Avoid Pitfalls When Buying a Restaurant or Bar

Before committing to purchasing a restaurant or bar it is advisable to take the proper steps to avoid unpleasant surprises later.  A due diligence investigation should be performed which includes seeking professional advice on how to proceed.  Even if you are an...

10 Portion Control Tips To Help Save Money

The very best restaurants adhere to strict portion controls.  Portion controls enhance consistency and reduce losses from waste. 1) Ensure your kitchen staff weighs all portions or use standard size ladles so as to meet your recipe specifications on every meal. 2)...

Liquor License Transfers Have Helpful New Law

A new Michigan law gives new businesses the option of purchasing a “conditional” or temporary liquor license to allow the sale of alcohol while the state performs its investigation of the owners. Previously, a new owner purchasing a restaurant or bar had to wait until...

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