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The Tip Share

The Tip Share

By RASI - Restaurant Accounting Services Inc.

A Restaurant Industry Podcast
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Restaurant Menu Pricing: The Secret to your Restaurant’s Success

The Tip ShareNov 14, 2022

00:00
08:19
Tip Pooling Calculator
Aug 07, 202302:44
How to Create a Balance Sheet for Small Business
Jul 31, 202303:42
Profit Margin Calculator for Restaurants
Jul 24, 202304:54
Restaurant Produce Ordering Guide
Jul 17, 202304:54
Budget Friendly Restaurant Events & Promotion for Summer
Jul 03, 202303:56
Restaurant Produce Storage Guide
Jun 12, 202304:15
How To Calculate California Restaurant Tax

How To Calculate California Restaurant Tax

In California, restaurants are responsible for paying sales tax to the state on taxable items. What makes a transaction taxable? The answer gets a little complicated for restaurants. The key distinctions are whether the food is hot or cold, and whether it is intended to be consumed on the premises. In this episode, we'll show you how to calculate restaurant taxes in California, discuss additional California restaurant taxes, and teach you some tips on how to streamline this whole process.

Read the full Blog Post: 

Watch the full Video: https://youtu.be/qPvwsIybmOM

Social Handles: RASI Instagram: https://www.instagram.com/rasinc__/ RASI Twitter: https://twitter.com/RASInc_ RASI Facebook: https://www.facebook.com/RestaurantAccountingServicesInc RASI LinkedIn: https://www.linkedin.com/company/restaurant-accounting-services-inc-rasi #RASI #FocusOnFoodNotFinances #restaurantaccounting #restaurantaccountingservices #restaurantaccountingsoftware #restaurantpurchasing #restaurantpurchasingprogram #restaurantbudgets #restaurantbudgeting #foodcosting #menuengineering #restaurantoperations #restaurantpayroll #restaurantHR #restaurantcompliance #restaurantconsulting #restaurantinventorymanagement #openingarestaurant #restaurantstartup

May 08, 202302:41
Complete Guide on Restaurant Taxes for Managers/Owners
May 02, 202305:57
What Restaurant Owners/Managers Should Know About Tips
Apr 17, 202302:57
How to Buy a Restaurant: Everything You Need to Know, Financially
Apr 10, 202310:49
8 Benefits of Restaurants Using Payroll Management Technology
Mar 27, 202307:08
Optimizing Restaurant Payroll Percentage
Mar 20, 202308:34
Comprehensive Checklist for Running Payroll
Mar 13, 202304:01
Complete Guide on How to Do Payroll for Restaurants
Mar 06, 202308:57
When and How to Switch Your Restaurant Payroll Software
Feb 27, 202306:05
Restaurant Business & Startup Loans - Complete Guide
Feb 13, 202308:47
How Do Restaurants Use Data Analytics?
Jan 30, 202309:07
Why You Should Embrace Technology in Restaurants
Dec 05, 202206:00
Restaurant Menu Pricing: The Secret to your Restaurant’s Success
Nov 14, 202208:19
How Do Restaurants Manage Inventory?
Nov 08, 202207:04
Restaurant Permits & Licenses Needed to Open a Restaurant
Oct 10, 202207:40
How to Calculate Food Cost
Oct 03, 202207:20
Shift Schedules: A Complete Guide

Shift Schedules: A Complete Guide

If you manage a restaurant, you already know how important shift scheduling is. But are your shift schedules working in the best interest of your staff and entire restaurant? Given the unique demands of scheduling shifts – after all, less than half of U.S. restaurant workers are full-time employees – it helps to understand how this underrated aspect of managing your restaurant can make or break your operation.

RASI’s complete restaurant accounting services help support your shift scheduling tasks, thanks to an innovative data analytics platform that provides timely information so you can make the best possible shift schedules.


Read the full Blog Post: https://rasiusa.com/blog/shift-schedules-a-complete-guide/

Watch the Quick Snippet Video: https://www.youtube.com/watch?v=wquYDBibesY


Social Handles:

RASI Instagram: https://www.instagram.com/rasinc__/

RASI Twitter: https://twitter.com/RASInc_RASI

Facebook: https://www.facebook.com/RestaurantAccountingServicesInc

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

Sep 19, 202205:24
How to Manage Restaurant Staff
Sep 12, 202206:46
5 Important Restaurant Management Skills
Sep 06, 202205:60
Restaurant Revitalization Fund (RRF) Updates - August 2022
Aug 29, 202202:11
Restaurant Accounting: Complete Guide

Restaurant Accounting: Complete Guide

Getting a restaurant up and running is a challenge. Keeping a single establishment or franchise profitable over months and years is even more so. What separates the restaurants that quickly fail from those that have been established for an extended period?

You could argue – and we’d certainly agree – that taking advantage of a restaurant accounting software and service is the most significant single factor determining long-term success. As the leader in automated, expert accounting for the restaurant industry, RASI has put together an ultimate guide on restaurant accounting as an educational resource for you:

  • Understanding the different types of accounting for restaurants
  • Key factors to consider in restaurant accounting
  • Determining efficient methods for cost analysis, accounting cycles, and more
  • Grasping the importance of payroll for accounting in the restaurant industry
  • And much more


Read the full Blog Post: https://rasiusa.com/blog/restaurant-accounting-complete-guide

Watch the Quick Snippet Video: https://youtu.be/LC0y4B5eDWM


Social Handles:

RASI Instagram: https://www.instagram.com/rasinc__/

RASI Twitter: https://twitter.com/RASInc_RASI

Facebook: https://www.facebook.com/RestaurantAccountingServicesInc

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

Aug 22, 202209:23
Quick Snippet: Restaurant Assets - Everything You Need To Know

Quick Snippet: Restaurant Assets - Everything You Need To Know

Do you know everything about your restaurant assets? Not just what they are, but how your restaurant's assets interact with other critical elements of that indispensable, indisputably important financial report, the balance sheet? Throughout this episode, we’ll dive into our all-in-one resource on restaurant assets – we'll cover:

  • How assets of a restaurant are defined
  • Difference between restaurant long-term vs. short-term assets
  • How assets-in-place impact assets of a restaurant
  • Key components of your balance sheet (liability, equity, and assets)


Read the full Blog Post: https://rasiusa.com/blog/restaurant-assets-everything-you-need-to-know

Watch the Quick Snippet Video: https://youtu.be/SFvLnvfNAzQ

Social Handles:

RASI Instagram: https://www.instagram.com/rasinc__/

RASI Twitter: https://twitter.com/RASInc_RASI

Facebook: https://www.facebook.com/RestaurantAccountingServicesInc

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

Aug 15, 202206:05
Easy Tips: How To Read A Restaurant Profit and Loss Statement (P&L)

Easy Tips: How To Read A Restaurant Profit and Loss Statement (P&L)

Many operators don’t fully understand how to read a restaurant's Profit and Loss Statement (P&L). In fact, many don’t even have a basic understanding of where the data is coming from. Furthermore, how to interpret the data into actionable insights.  

It’s critical for the financial health of all restaurants that those who are making scheduling decisions, buying decisions, etc. fully comprehend how to read an income statement. It’s even more important that they can utilize the knowledge behind what goes into the P&L.


Read the full Blog Post: https://rasiusa.com/blog/easy-tips-how-to-read-a-restaurant-profit-and-loss-statement-pl/

Watch the Quick Snippet Video: https://youtu.be/25cQdFDASPs

Social Handles:

RASI Instagram: https://www.instagram.com/rasinc__/

RASI Twitter: https://twitter.com/RASInc_RASI

Facebook: https://www.facebook.com/RestaurantAccountingServicesInc

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

Aug 08, 202216:08
Cost of Goods (COGS) 101: The Basics

Cost of Goods (COGS) 101: The Basics

Restaurant Cost Of Goods (or to some, Cost Of Sales) take up a significant amount of a restaurant’s overall expense. Unfortunately, many owners/operators fail to see how COGS for restaurants can significantly negatively impact profitability and cash flow if mismanaged or handled inconsistently. Point-blank: It’s critical to the health and survival of all restaurants that you understand your COGS and how to manage them accurately – here’s how.


Read the full Blog Post: https://rasiusa.com/blog/how-to-control-cost-of-goods-cogs-in-your-restaurant/

Watch the Quick Snippet Video: https://youtu.be/ZrF8SxpGgVk


Social Handles:

RASI Instagram: https://www.instagram.com/rasinc__/

RASI Twitter: https://twitter.com/RASInc_RASI

Facebook: https://www.facebook.com/RestaurantAccountingServicesInc

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


Aug 01, 202216:28
What are Manufacturer Rebates?

What are Manufacturer Rebates?

Learn about the details of restaurant manufacturer rebates and how they can positively affect your restaurant's bottom line!

Read the full Blog Post: https://rasiusa.com/blog/what-are-restaurant-manufacturer-rebates

Watch the Quick Snippet Video: https://youtu.be/TWNwezzEUBU


Social Handles:

RASI Instagram: https://www.instagram.com/rasinc__/

RASI Twitter: https://twitter.com/RASInc_RASI

Facebook: https://www.facebook.com/RestaurantAccountingServicesInc

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

Jul 25, 202207:45
Top Restaurant Accounting Tips: Closing Out Capital Expenditures and Preopening Expenses

Top Restaurant Accounting Tips: Closing Out Capital Expenditures and Preopening Expenses

Successfully closing out a period starts the domino effect for proactively operating a restaurant versus missed opportunities in the following periods. The Period End Financial Close purpose is accuracy verification to highlight where your money is going. This enables you to make quicker, more educated business decisions.  

To close out a period, begin with a review of the financial statements; The Profit & Loss Statement, The Balance Sheet, and Cash Flow Statement. Within each statement, defined areas of focus should pop out to an operator as a must-watch for success. Throughout this webinar, we will review a few key items to concentrate on when conducting a Period End Financial Close: Capital Expenditures & Preopening Expenses. As a bonus, we’ll run through some additional restaurant accounting tips to assist with better financial practices for your business.

Read the full Blog Post: https://rasiusa.com/blog/restaurant-accounting-tips-capital-expenditures-and-preopening-expenses/

Watch the Quick Snippet Video: https://youtu.be/ugpF2kKCuAE


Social Handles:

RASI Instagram: https://www.instagram.com/rasinc__/

RASI Twitter: https://twitter.com/RASInc_RASI

Facebook: https://www.facebook.com/RestaurantAccountingServicesInc

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

Jul 18, 202212:01
The Basics of Restaurant Budgeting

The Basics of Restaurant Budgeting

Your restaurant may have a great menu, loyal customers, and an unbeatable location, but without effective restaurant budgeting, none of those factors matter. A strategic and accurate restaurant budget plan is your establishment's roadmap to success; In other words, it's the most trustworthy guide to your profit.   

Too often, managers and entrepreneurs don't know how to budget for a restaurant in the restaurant industry. However, without this critical financial information upon which to act, it's impossible to know whether you're heading for a profit, break-even scenario, or a loss. Tune in for insight on restaurant budgeting basics, how to budget for a restaurant, devising a reliable restaurant budget plan, and as a bonus, budgeting in terms of restaurant incentive planning for your team!

Read the full Blog Post: https://rasiusa.com/blog/the-basics-of-restaurant-budgeting

Watch the Quick Snippet Video: https://www.youtube.com/watch?v=iMcYAw6TVDU


Social Handles:

RASI Instagram: https://www.instagram.com/rasinc__/

RASI Twitter: https://twitter.com/RASInc_RASI

Facebook: https://www.facebook.com/RestaurantAccountingServicesInc

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

Jul 11, 202207:17
Colorado Retailer Retention of Sales Tax & Your Restaurant

Colorado Retailer Retention of Sales Tax & Your Restaurant

Colorado Retailer Retention of Sales Tax, bill HB22-1406, applies to Colorado sales taxes collected in July, August, and September of 2022. This bill allows a temporary deduction from state net taxable sales for restaurants, bars, and other eating places (food trucks), or catering services in the state. The temporary deduction from state taxable sales for qualifying retailers is equal to the lesser of state net taxable sales or $70,000 each month. Here's what you should know.

Read the full Blog Post: https://rasiusa.com/blog/colorado-retailer-retention-of-sales-tax-and-your-restaurant

Watch the Quick Snippet Video: https://youtu.be/JA8tanVnJVk


Social Handles:

RASI Instagram: https://www.instagram.com/rasinc__/

RASI Twitter: https://twitter.com/RASInc_RASI

Facebook: https://www.facebook.com/RestaurantAccountingServicesInc

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

Jul 04, 202204:14
How Does the New Mexico Healthy Workplaces Act of 2021 Affect Your Restaurant?

How Does the New Mexico Healthy Workplaces Act of 2021 Affect Your Restaurant?

The Healthy Workplaces Act of 2021 takes effect on July 1, 2022. This law requires all private employers in New Mexico to allow employees to accrue and use earned sick leave. Employees may use this leave for several reasons listed in the Act; for example, taking care of a qualifying family member or recovering from an illness themselves. Check out this episode to learn everything you should know about the new legislation.

Read the full Blog Post: https://rasiusa.com/blog/how-does-the-new-mexico-healthy-workplaces-act-of-2021-affect-your-restaurant

Watch the Quick Snippet Video: https://youtu.be/QPVJAq5mULM


Social Handles:

RASI Instagram: https://www.instagram.com/rasinc__/

RASI Twitter: https://twitter.com/RASInc_RASI

Facebook: https://www.facebook.com/RestaurantAccountingServicesInc

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

Jun 27, 202205:42
Everything You Need to Know About the Colorado Retail Delivery Fee

Everything You Need to Know About the Colorado Retail Delivery Fee

Effective July 1, 2022, the state of Colorado will impose a retail delivery fee on all deliveries by motor vehicle to a location in Colorado, even if the delivery originates in a different state. Here's what you should know.


Read the full Blog Post: https://rasiusa.com/blog/everything-you-need-to-know-about-the-colorado-retail-delivery-fee 

Watch the Quick Snippet Video: https://youtu.be/JA8tanVnJVk


Social Handles:

RASI Instagram: https://www.instagram.com/rasinc__/

RASI Twitter: https://twitter.com/RASInc_RASI

Facebook: https://www.facebook.com/RestaurantAccountingServicesInc

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

Jun 20, 202207:37
Quick Snippet: The Importance of Franchise Accounting

Quick Snippet: The Importance of Franchise Accounting

A franchise is all about authorization. For entrepreneurs and small business owners, owning a franchise offers them the ability and support to carry out the larger corporation’s core company offerings and commercial activities. During this quick snippet, we'll review some core principles and applications of franchise accounting basics, franchise accounting system benefits, and other insights surrounding franchise accounting.  


Read the full Blog Post: https://rasiusa.com/blog/the-importance-of-franchise-accounting 

Watch the Quick Snippet Video: https://youtu.be/tSP1m-JhFb0   


Social Handles:  

RASI Instagram: https://www.instagram.com/rasinc__/

RASI Twitter: https://twitter.com/RASInc_RASI 

Facebook: https://www.facebook.com/RestaurantAccountingServicesInc

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

Jun 13, 202204:27
Top Restaurant Food Cost Management Tips: How To Use A Declining Budget
May 30, 202208:45
How to Start a Restaurant - The Ultimate Financial Plan
May 09, 202213:25
What is the Average Profit Margin for a Restaurant?
May 02, 202210:12
Top 3 Reasons Outsourcing Accounting & Payroll Will Benefit a QSR
Apr 25, 202206:29
How to Record Tips in Accounting
Apr 18, 202207:53
Understanding the Function of Your Restaurant's Cash Flow Statement
Apr 11, 202216:22
How to Turn Your Restaurant Analytics into Profitable Business Intelligence
Mar 28, 202207:49
Restaurant Sales Forecast with POS Data

Restaurant Sales Forecast with POS Data

Mar 21, 202212:22
What is a Chart of Accounts for a Restaurant?
Mar 14, 202209:43
Why Your POS System and Accounting Software Need to Be Integrated
Mar 07, 202208:57
The Best Tips for Strategic Vendor Management
Feb 28, 202208:03
What to Consider When Setting Up Payroll for Your Restaurant
Feb 21, 202209:52
How Do You Categorize Restaurant Expenses
Feb 14, 202210:11