Which Vendor Should I Pay First: Restaurant Cash Flow Crunch!

Which Vendor Should I Pay First: Restaurant Cash Flow Crunch!

You’re burning cash, and every payroll hour that drags by your savings continue to melt away. We’ve all been there, it’s the slow season, and it sucks. Once money really starts getting tight, the question becomes: who do I pay first?

3 Ways Receiving is Ruining Your Food Cost

3 Ways Receiving is Ruining Your Food Cost

Diagnosing the costing issues in a restaurant are never black and white, and margins are no different. Generally, it is a series of different issues that together add up to a concerning metric. Let’s look at how improper ordering and receiving can lead to a terrible food cost. Through this series we hope to give you some ideas you may not have previously thought of, and to love a cook named Brad and hate a guy named Chad. 

3 Ways to Celebrate Bourdain Day

3 Ways to Celebrate Bourdain Day

A few weeks ago, chef’s Éric Ripert and José Andrés, posted on instagram, calling for June 25th to be named Anthony Bourdain Day, Tony’s birthday. Last year, Anthony Bourdain lost his battle with depression, and died of suicide, leaving the world stunned.

So CollBox Worked! Now how do I record it?

Proper bookkeeping after you’ve sent someone to collection can be a little tricky. This guide will help you properly account for when your debt collection agency, such as collbox, has succeeded in collecting the money you’re owed.

5 Ways to Improve Table Turns to Increase Restaurant Sales

5 Ways to Improve Table Turns to Increase Restaurant Sales

 Hearing people say: “Have you been to ‘Restaurant’? They are always packed and the food is great! I really hope we can get a seat there!” is always rewarding. Constantly seeing a full parking lot is great for business.  Having a reasonable wait is good for business. To maximize the amount of guests you serve and keep the wait to a minimum, you must be able to turn those tables quickly.

A Guide to Massachusetts Paid Family and Medical Leave Act (PFML)

A Guide to Massachusetts Paid Family and Medical Leave Act (PFML)

Because payroll and payroll taxes aren’t complicated enough, Massachusetts has decided to implement a new payroll tax withholding called PFML. *Insert questionable cheering* While this new program has the potential to be great for employees, it’s posing some fun “little” nuances for employers and payroll companies!

Hahaha DON’T WORRY - Massachusetts will make changes before we know it!

Restaurant Tip Pooling: Picking the Right Setup

Restaurant Tip Pooling: Picking the Right Setup

In the Hospitality Industry, tipping structure is one of the more complex aspects of the trade. As a restaurant or hotel, it is important to properly manage and distribute these tips among the staff. In many cases, tips make up a large part of the server’s salary and is a contributing factor to their performance. Make the right choices with this guide!

So, about that Unemployment Audit

UGH!  You’ve received notice of an upcoming unemployment audit from the state.  Take a deep breath – it will be okay!

Custom Business Solutions is now Prix Fixe Accounting

Custom Business Solutions is now Prix Fixe Accounting

This expansion of our practice has made us realize the value of selecting a particular niche that we can focus on to stand out as industry experts. We have a team of hospitality industry insiders, and restaurants feed our passion. That is why we have decided to transform our practice and develop a brand that speaks to an industry we love.

Should I Open a Restaurant? A list of pros and cons

Should I Open a Restaurant? A list of pros and cons

9 out of 10 restaurants fail within the first year… We’ve all heard it before, the truth is, that the claim simply isn’t true. This is one of those facts that float around that people spout out without verifying the data.