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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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:

Take 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

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RASI LinkedIn: https://www.linkedin.com/company/restaurant-accounting-services-inc-rasi

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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