PODCAST | VIDEO Successfully closing out a period can start the domino effect for proactively operating a restaurant versus missed opportunities for the following periods. The purpose of the Period End Financial Close is to verify accuracy so you can understand...
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RESTAURANT ACCOUNTING BLOG
Check out our educational blogs covering all things restaurant! Read about our conversations with owners, operators, vendors, and industry experts, exploring everything that’s happening within the industry in its current climate, and more!
How The Latest EPSL/PFMLA Updates Might Affect Your Restaurant
What Are The New Adjustments to EPSL/PFMLA? The American Rescue Plan Act of 2021 extended and made minor adjustments to the tax credits associated with Emergency Paid Sick Leave and Paid Family and Medical Leave originally enacted under the FFCRA (Families...
6 Ways To Build Better Budgeting Strategies For Summertime Success
PODCAST | VIDEOYou’ve made your budget for 2021, but Q1 is over and now it’s time to adjust and tweak as you’ve seen your results. Summer is nearing and encouraging news is hitting the nation with Covid vaccines in arms, re-openings, and there's positivity to draw...
PPP Changes & The Definition Of Non-Payroll Expenses
PODCAST | VIDEOThe Economic Aid Act, which was part of the Consolidated Appropriations Act, expanded the definition of non-payroll expenses that are eligible for PPP forgiveness to include operations expenditures. These newly added categories are set to help...
Restaurant Funding Updates: Emergency Loan Assistance
The Paycheck Protection Program (PPP) application deadline was extended under the PPP Extension Act of 2021 (H.R. 1799) through May 31st, 2021. The application window was set to expire March 31st, 2021. Businesses now have an additional 60 days to decide if a PPP...
Easy Tips To Understand How To Properly Read Your Balance Sheet
PODCAST | VIDEO While there may not be a more boring financial statement to discuss, the reality is that a Restaurant Balance Sheet is the most important financial statement an operator has. If the Balance Sheet is not in-line and accurate, then there is no...
Top Ways Banking & Payroll Have Changed In Today’s Digital World
PODCAST | VIDEOIn the on-demand world that we live in, getting money in employees' hands as quickly as possible is crucial to retaining top talent, and it's also now possible through a new form of banking. RASI Director of Partnerships, Brad Bertram sits down with...
Shuttered Venue Operators Grant (SVOG) Program
What Is The SVOG Program? The Shuttered Venue Operators Grant (SVOG) Program provides emergency economic aid for eligible venues affected by the COVID Pandemic. The Economic Aid Act funded the SVOG program with $15 billion to provide eligible applicants with...
How The New SBA Changes Better Accommodate Small Business Restaurants For PPP Loans
PODCAST | VIDEOAs the Small Business Administration (SBA) continues to make changes within the requirements and restrictions for PPP Loans, RASI Compliance Director, Brian Smith, ensures small business owners are up to date on the latest amendments. Check out the...
Top 3 Components Of Growth For QSR Success In 2021
PODCAST | VIDEO In this episode of The Tip Share, we wrap up the final segment of our 3-Part QSR miniseries on growth strategies. During Part One, we spoke about how leveraging technology can help operators actually reduce costs and improve efficiencies in today’s...
How Experts Use Technology To Help QSR Labor Management
PODCAST | VIDEOIn this episode of The Tip Share, we dive into the second segment of our 3-Part mini-series for QSR growth strategies. In Part One, we spoke about how leveraging technology can help operators actually reduce costs and improve efficiencies in today’s...
How Period End Reviews Can Set Your Restaurant Up For Financial Success
PODCAST | VIDEORestaurants are well attuned to making it work on thin margins, and the operators who find the most success are those who have a true understanding of their fiscal health and keep their finger on the financial pulse of their business at all times....