For a restaurant, there’s more to success than just serving great food.
What cooks in that small room —the broth of purchase calculations, the dough of reconciliations, the gelato of payrolls — is equally important.
The room from where you handle and manage all your back-office operations.
And where a delicious plate is evident with appreciation and smiles, a healthy management of operations is evident in your restaurant’s growth and profit upturn.
When it comes to managing a restaurant, many restaurateurs rely on QuickBooks. It’s primarily a bookkeeping software [with other secondary uses], and even though it’s not a restaurant-exclusive platform, its popularity in the industry corroborates its usefulness in the hot-brewing settings.
If you too own a restaurant and want to run it successfully, QuickBooks can work to your advantage.
You can use it to keep a complete record of receipts
Keeping record of receipts is not only important for tracking your expenses but for tax filing purpose too. Using the software, you can scan unlimited receipts, categorize them and stay organized for tax season.
You can use it to track your daily sales
It’s just like your normal accounting ledger, albeit an electronic one. You can use QuickBooks to record and later track total daily sales for each server. It even comes with a memory function which saves you from the inconvenience of entering basic information for each server again and again.
You can use it to generate payrolls
QuickBooks allows automated generation of payrolls for each employee. You just have to enter the initiation date and the payroll period end date, and the rest would be taken care of by the software itself. Furthermore, by integrating it with banking systems, you can also directly deposit the payroll check into your employees’ account.
You can use it to manage allocation of tips
Want to disburse tips to your employees with their month-end payrolls? With QuickBooks, you can conveniently exercise the application. Simply input the tip allocation amount for each server and the software will adjust it in the payroll.
You can use it to strategize for growth
QuickBooks’ reporting feature allows you to study your cash flows and predict lulls and peaks. Leveraging the information, you can then strategize for growth and make decisions in accordance to achieve sustained peaks throughout a business year.
Managing backroom operations of any business can be daunting. In case of restaurants, it can be twice as hard because of the sheer volume of data associated with restaurant management. QuickBooks, as such, serves as a great tool and can help you manage your restaurant effectively and efficiently.
A BONUS read: QuickBooks and Payroll Generation – What You Should Know