Ideas

Everything begins with an idea

One of our core values is ‘learning’ so we aim to share business ideas and discussions with the food industry to prompt business owners to make better decisions and ask challenging questions. Information within our blog and website is general advice only which is available in the public domain. It is not tax advice. Tax, payroll and compliance information changes on a regular basis so always refer to Fair Work, the ATO, Tax or BAS Agents and state or industry bodies for compliant advice relevant to you.

  • Restaurant Employee Superannuation SGC

      Don't get left on the grill because it's about to get hotter for employers. WHAT IS EMPLOYEE SUPERANNUATION? When certain conditions are met, a restaurant employee is entitled to earn superannuation in addition to the base wage. This amount is usually 9.5% unless otherwise stipulated in awards.  The employer notes the Superannuation Guarantee Contribution [...]

  • Single Touch Payroll will be used by restaurants and cafes soon

    SINGLE TOUCH PAYROLL IS COMING TO A RESTAURANT NEAR YOU Look out for Single Touch Payroll. Over time, hospitality employees have been paid in many forms: in kind, cash, booze, meals, cheque or direct transfer to a bank account.  Managing a hospitality payroll can get messy and difficult to reconcile correctly. You find yourself paying [...]

  • If you're considering opening for Christmas Day, you may have to convince your customers that your restaurant will be a much better option than lunch or dinner at home. Christine Green (Director of Restaurant Bookkeepers Australia), during an interview with National radio program Talking Lifestyle, identified the top reasons why folks would have a better [...]

  • Xero tracking categories help restaurant or cafe owners track different branches of their business as symbolised by these table numbers.

    Business expansion is an exciting opportunity for restaurant and café owners. Nothing says success like opening another restaurant or café under your name. Keep track of your growing food business empire with Xero tracking categories. Tracking in Xero enables you to take a detailed look at various branches of your business. This is particularly helpful [...]

  • Kitchen Management

    Hospitality management is more than cooking and hiring staff. You need to know the bench-marking numbers for your industry.  This will guide you to know if your business is on the money.  Don't rest on benchmarks.  Aim to have your food business performing better than benchmarks. According to Silver Chef's 2016 HISI Report the following [...]

  • christmas-parties-ban

    We believe that staff Christmas parties should be banned. Sounds harsh, doesn’t it? We learned a long time ago that a Christmas party of silly hats, cheap gifts and a dinner with too much beer does not grow people and strengthen teams. But experiences enjoyed together does. Replace your Christmas parties with team building training [...]

  • The food industry has been known as a cash run industry since the beginning of time. However, that's starting to change. Most consumers carry little cash these days, so they are more likely to pay you with a card. Some restaurants and cafes apply additional fees for public holidays. Some also apply a surcharge for [...]

  • Restaurant employees use a POS to monitor cash flow for the food business' chart of accounts.

    A COA (Chart Of Accounts) is simply a list of accounts that are used to record all the transactions of your food business. When money (numbers) are moved around your business, they are recorded in the Chart Of Accounts. It’s a list of all account titles and account numbers arranged according to the classifications in [...]

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