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Category: Accounting

What is the Tronc system in Restaurants accounting?

What is the Tronc system in Restaurants accounting?

In the realm of service industries, particularly in hospitality and food service, the tronc system has been a topic of discussion and debate. This system is designed to ensure fair distribution of tips to workers from customers. Understanding its workings and...
Financial Challenges for Restaurant Businesses

Financial Challenges for Restaurant Businesses

Managing a hospitality business poses its own set of difficulties, as it involves juggling demanding schedules and delivering excellent service to ensure customer satisfaction. Restaurants and cafes encounter various challenges, including the intricate tasks of...

Accounting tips for a restaurant

Having a restaurant is nearly everyone’s dream but just being a good cook is not sufficient in the restaurant space today. To survive, you expect to know how to cook food and how to sell food, maintain the sales, and then tally your sales. Yes, that is right,...
HOW TO LEARN BUSINESS ACCOUNTING SERVICES?

HOW TO LEARN BUSINESS ACCOUNTING SERVICES?

If you are a small business owner or maybe you have just launched a start-up, and it is still in its infancy stage, it would be completely understandable that you do not want to hire a business accounting service provider (individual or an agency) to handle your...