Cover art for podcast The Tip Share

The Tip Share

97 EpisodesProduced by RASI - Restaurant Accounting Services Inc.Website

A Restaurant Industry Podcast

97 Episodes | 2015 - 2022

Colorado Retailer Retention of Sales Tax & Your Restaurant

July 4th, 2022

4:13

Colorado Retailer Retention of Sales Tax, bill HB22-1406, applies to Colorado sales taxes collected in July, August, and September of 2022. This bill …

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

June 27th, 2022

5:41

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 …

Everything You Need to Know About the Colorado Retail Delivery Fee

June 20th, 2022

7:37

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 …

Quick Snippet: The Importance of Franchise Accounting

June 13th, 2022

4:27

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 …

Top Restaurant Food Cost Management Tips: How To Use A Declining Budget

May 30th, 2022

8:45

One of the most important tools in restaurant accounting to effectively manage food cost is a Declining Budget. When used properly, a Declining …

Why You Shouldn't Ignore Payroll Compliance And How To Make It Painless!

May 23rd, 2022

23:19

Payroll is one of the most critical aspects of any business. Properly paying your team creates trust, longevity of employment, and assists in …

How to Start a Restaurant - The Ultimate Financial Plan

May 9th, 2022

13:24

You’d like to know how to start a restaurant business but are not exactly sure where to begin. You want to start a restaurant and you create the ideal concept in your head. That concept begins with the idea at its …

What is the Average Profit Margin for a Restaurant?

May 2nd, 2022

10:11

The restaurant industry has, by and large, low-profit margins constrained by high capital, labor, and operational expenses. Yet there is a wide range of profitability within the industry, from white tablecloth …

Top 3 Reasons Outsourcing Accounting & Payroll Will Benefit a QSR

April 25th, 2022

6:28

Quick service restaurants (QSR) have complex accounting and payroll needs. Traditionally, expensive salaried employees have fulfilled these needs, …

How to Record Tips in Accounting

April 18th, 2022

7:53

When restaurant staff receives tips, both employee and employer incur legal obligations to the IRS to correctly record the tip amounts, comply with …

Understanding the Function of Your Restaurant's Cash Flow Statement

April 11th, 2022

16:22

Experienced restaurant operators closely manage the inflows and outflows of cash through their business. Sound management of available cash is critical to the ability to pay wages, keep the lights on, stock the walk-in, …

How Do Restaurants Use Data Analytics?

April 4th, 2022

9:07

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 …

How to Turn Your Restaurant Analytics into Profitable Business Intelligence

March 28th, 2022

7:49

Today, innovative restaurants are using business intelligence to drive operational efficiencies, improve profitability, and reduce managerial burdens. How do they do it?   The clearest way to understand restaurant …

Restaurant Sales Forecast with POS Data

March 21st, 2022

12:21

As a restaurant operator, you know that a modern point of sale (POS) solution generates tons of data. The question is, how do you use that data to …

What is a Chart of Accounts for a Restaurant?

March 14th, 2022

9:42

As a restaurant operator, it’s critical that you understand your sources of revenue, your expenses, and the balance between the two. The chart of accounts is a comprehensive method of reviewing these critical …

Why Your POS System and Accounting Software Need to Be Integrated

March 7th, 2022

8:57

Think of the multitude of processes your restaurant performs on a daily or weekly basis - Payroll. Payment processing. Vendor Payments. General …

The Best Tips for Strategic Vendor Management

February 28th, 2022

8:02

If you’re new to the restaurant business, you’ve probably heard about strategic vendor management but aren’t exactly sure what it entails. …

What to Consider When Setting Up Payroll for Your Restaurant

February 21st, 2022

9:52

You may be asking, how does payroll work? That is, what should payroll look like for a restaurant? We’ll start with the basics. What is payroll? …

How Do You Categorize Restaurant Expenses

February 14th, 2022

10:11

Opening a restaurant is a costly endeavor, and successfully running a restaurant requires strict attention to your restaurant expenses to control …

How Do Small Business Restaurants Make a Profit?

January 31st, 2022

12:07

One of the most critical metrics to understand and track as a restaurant operator is your restaurant profit margin. Simply put, to remain in business, you need to understand your margins and everything that goes into …

Smart Budgeting: The Key Ingredient to Any Restaurant’s Success

January 24th, 2022

8:20

Whether you’re opening a new restaurant or trying to streamline your existing eatery’s operations, there’s one thing you must optimize before anything else: your restaurant operating budget.

If you’re new to the …

How To Automate Your Accounts Payable Process

December 13th, 2021

8:27

Modern restaurants depend on various integrated technology for an increasingly large portion of their business processes. From POS systems to digital …

The 2020 Tip Final Rule: 80/20 Guidance & Dual Jobs

November 29th, 2021

15:54

Since 1967, the Department of Labor's Dual Jobs Regulation has stated that an employee may be employed in both a tipped and a non-tipped occupation …

Easy Tips To Understand How To Properly Read Your Balance Sheet

November 22nd, 2021

24:42

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 question that the Profit and Loss Statement is inaccurate as well. …

Unbeatable Prime Cost Control Strategies To Increase Your Profits in 2022

November 15th, 2021

8:58

Now is a great time of year for operators to look back at their prime costs and determine where they can increase efficiencies and decrease costs in …

How To Choose The Best Accounting Service For Your Restaurant or Bar

November 8th, 2021

7:31

During this episode of The Tip Share, the RASI Education Team helps hospitality owners and operators discover the top 4 guidelines that will help ensure they're on the right path to finding the best accounting service …

Understanding The Function Of Your Restaurant's Cash Flow Statement

November 1st, 2021

8:38

The Cash Flow Statement represents how the Balance Sheet and P&L work together to have an impact on your cash and operating accounts. It is designed to show you where your cash is coming from, and where it is going …

DOL Final Rule - Federal Protection for Tipped Employees

October 25th, 2021

14:05

The Department of Labor has modified the 2020 Tip Final Rule. During this episode of The Tip Share, the RASI Compliance team dives into federal …

Top 9 Restaurant Accounting Terms You Need To Know

October 18th, 2021

9:34

Restaurant accounting terminology to busy restaurant owners is akin to a Doctor’s vocabulary to the average Joe. Not everyone speaks the language. …

Top 5 Strategies Restaurant Owners Should Use To Reduce Impacts of Supply Chain Issues

October 11th, 2021

9:00

The restaurant industry is facing major impacts from COVID with issues in the supply chain. The issues begin all the way at the top; from the growers/farmers facing labor challenges. It then travels down through the …

Top Restaurant Accounting Tips: Closing Out Notes Payable

October 4th, 2021

5:47

Successfully closing out a period starts the domino effect for proactively operating a restaurant versus missed opportunities in the following …

Use These 5 Tools to Increase Restaurant Revenue in 2022 and Beyond

September 20th, 2021

6:34

While creative marketing strategies and honing in on profitable menu items may support revenue growth, there are outside-of-the-box tactics that can help facilitate a steady increase in restaurant revenue. Strategic …

Top Restaurant Accounting Tips: Closing Out Vendor Payables & Credit Card Liabilities

September 6th, 2021

7:36

Successfully closing out a period starts the domino effect for proactively operating a restaurant versus missed opportunities in the following …

Pandemic Relief Resources for The Restaurant Operator

August 30th, 2021

18:40

During this week's episode of The Tip Share, RASI Compliance Director, Brian Smith, breaks down available pandemic relief into bite-sized bits so operators can easily understand what's available to them! Tune in to …

Restaurant Hiring: Navigating the Labor Shortage featuring RASI Partner, 7shifts

August 23rd, 2021

6:56

If you’re having trouble finding great people to work in your restaurant, you’re not alone.

There’s a labor shortage impacting the restaurant industry, made tougher by the pandemic. But there is no shortage of jobs:

How Accounting Period End Reviews Can Set Your Restaurant Up For Financial Success

August 16th, 2021

16:57

A consistent Period End Review process is an essential component to a restaurant's financial success. Period End Reviews allow operators to review metrics and identify areas of opportunity with audits and benchmarks. …

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

August 9th, 2021

7:58

Successfully closing out a period starts the domino effect for proactively operating a restaurant versus missed opportunities in the following …

Restaurant Revitalization Fund (RRF) Updates

July 26th, 2021

12:56

While Congress created the Restaurant Revitalization Fund to provide relief to restaurants, a business sector extremely hard-hit by government-imposed shutdowns and other restrictions related to the COVID-19 pandemic, …

How To Accurately Calculate Liquor Cost in Your Restaurant or Bar

July 19th, 2021

6:27

Understanding your restaurant's COGS (cost of goods or cost of sales - the cost of the goods you purchase and utilize to create revenue), is the key to success for every well-run restaurant. As every operator knows, …

3 Reasons Why Restaurants Need To Use Hospitality Accountants To Improve Their Financial Results

July 12th, 2021

16:46

Covid has changed the restaurant industry for the long haul. The harsh financial impact caused by the global pandemic has created the immediate need …

Top Restaurant Accounting Tips: Closing Out A/R & House Account Balances

July 6th, 2021

5:51

Successfully closing out a period starts the domino effect for proactively operating a restaurant versus missed opportunities in the following …

Year-End Restaurant Treasury Focus: CARES Act Changes & NOL Carrybacks

June 28th, 2021

10:52

Many businesses struggled to turn out a profit or even mitigate losses throughout 2020. Fortunately, there were various articles of legislation passed within the last year that can help businesses start on the path of …

Restaurant Cash Flow Tips To Ensure Financial Stability

June 21st, 2021

41:23

The Cash Flow Statement is one of the most important indicators of the health of your business, yet it's often overshadowed by its counterparts, the P&L, and the Balance Sheet. During this episode of The Tip Share, …

Top Restaurant Accounting Tips: Closing Out Gift Cards & Catering Deposits For Period End

June 16th, 2021

8:51

Successfully closing out a period can start the domino effect for proactively operating a restaurant versus missed opportunities for the following …

Why Your Restaurant Should Market Valuable Business Meal Write-Offs

May 28th, 2021

8:38

The IRS has recently provided guidance covering The Taxpayer Certainty And Disaster Tax Relief Act of 2020. The new legislation allows for a temporary 100% tax deduction for business meal expenses for food and beverages …

Is Your Restaurant Missing Out On Beneficial Tax Credits?

May 24th, 2021

25:59

Over the last year, we've seen a number of government programs designed to assist the restaurant industry with grants and loans. For many years prior, however, there's been an offering of tax credits for hiring and …

3 Easy Steps To Achieve Operational Efficiency

May 17th, 2021

26:21

Considering the uncertainty of the past year and the unprecedented changes that the hospitality industry has undergone due to the pandemic, we’ve continuously focused on the detailed specifics of restaurant accounting …

Restaurant Accounting Tips: How To Audit Due To/From Accounts

May 5th, 2021

4:22

Successfully closing out a period can start the domino effect for proactively operating a restaurant versus missed opportunities for the following …

Restaurant Tax Credits In The American Rescue Plan Act

May 3rd, 2021

6:11

The American Rescue Plan Act of 2021 (ARPA) is an Emergency Legislative Package to Fund Vaccinations, Provide Immediate, Direct Relief to Families Bearing the Brunt of the COVID-19 Crisis, and Support Struggling …

Sustainability & The Restaurant Industry - What Can You Do To Help?

April 26th, 2021

24:13

As we recently passed another trip around the sun to celebrate the 51st Anniversary of Earth Day, it got us thinking: What can we do in the restaurant industry to help the efforts now, and in the future, considering …

Best Practices To Close Out Tips & House Bank For A Favorable Period End

April 19th, 2021

6:12

Successfully closing out a period can start the domino effect for proactively operating a restaurant versus missed opportunities for the following …

6 Ways To Build Better Budgeting Strategies For Summertime Success

April 12th, 2021

22:02

You’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 …

PPP Changes & The Definition Of Non-Payroll Expenses

April 5th, 2021

6:48

The Economic Aid Act, which was part of the Consolidated Appropriations Act, expanded the definition of non-payroll expenses that are eligible for …

Top Ways Banking & Payroll Have Changed In Today's Digital World

March 22nd, 2021

27:26

RASI Director of Partnerships, Brad Bertram sits down with RASI Partner, Branch, to discuss the various ways that digital banking can aid restaurant …

How the New SBA Changes Better Accommodate Small Business Restaurants For PPP Loans

March 15th, 2021

6:16

As 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 …

Top 3 Components Of Growth For QSR Success In 2021

March 8th, 2021

14:13

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

How Experts Use Technology To Help QSR Labor Management

March 1st, 2021

14:49

In 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 Period End Reviews Can Set Your Restaurant Up For Financial Success

February 22nd, 2021

19:15

Restaurants 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 …

The Tip Share: How Technology Can Actually Decrease Costs And Increase QSR Profits

February 15th, 2021

14:18

As the industry is keenly aware, not only did health and safety guidelines vastly change for restaurants across the nation in 2020, but unavoidable adjusted consumer trends also meant that many brands scrambled to make …

Balancing PPP Second Draw & ERTC to Maximize Forgiveness & Tax Credits

February 8th, 2021

7:14

Many questions continue to arise about the legislation and stimulus provided by congress surrounding the pandemic. The major players, PPP & ERTC, …

How Restaurants Can Adapt To The Needs Of To-Go & Delivery

February 1st, 2021

10:17

The impact of the pandemic on restaurants has been severe. Many states have unfortunately experienced a roller coaster with restrictions and …

Top 3 Reasons Outsourcing Accounting & Payroll Can Help A QSR Brand

January 25th, 2021

11:24

When COVID first hit, dining rooms closed, and businesses dropped 60-70% below where they would normally sit, and operators panicked. They were …

Restaurant Accounting for PPP Forgiveness & Tax Credits/Deferrals Under the FFCRA & CARES Act

January 18th, 2021

8:19

This year's tax season has the ability to get ugly if you're not sure where to look for answers. With the constant changes throughout the last year within the PPP, the FFCRA, and the CARES Act, questions are starting to …

Retroactive Employee Retention Tax Credit

January 11th, 2021

12:34

With the passage of the Consolidated Appropriations Act of 2021, which contained another round of COVID stimulus for businesses, PPP loan recipients …

2021 Outlook On Restaurant Purchasing & Disposables

December 28th, 2020

26:48

The trickle-down effect that COVID-19 has had on restaurants has been astronomical. From to-go programs becoming the new front line of restaurants causing disposables to go through roof; to sustainability desires; …

2021 Payroll Updates That May Affect Your Restaurant

December 21st, 2020

14:38

Payroll for Restaurants is no longer just about cutting checks for hours worked. It’s evolved into understanding and maintaining compliancy with both …

How Your Restaurant's Website Can Drive More Revenue

December 14th, 2020

21:33

It’s no secret that the global pandemic has created a fundamental shift within the restaurant industry. Having an online presence in the last 5+ years has been important; in 2020 and moving forward, that commanding …

State Of The Restaurant Industry with Upserve

December 7th, 2020

34:55

This year the restaurant industry has been turned on its head and every operator has had to make major adjustments just to ensure their businesses survive. RSI Director of Partnerships, Brad Bertram is joined by RSI …

How Your Restaurant Can Turn Challenge Into Opportunity

November 30th, 2020

12:24

When faced with a perceived threat the brain instinctively triggers an acute fight-or-flight response. As COIVID made its invasion into the U.S. early this year and restaurant owners were faced with shutdowns and dining …

How To Decode Your Profit & Loss Statement (P&L)

November 23rd, 2020

45:14

Many restaurant managers don't actually have a full understanding of how to read a Profit and Loss Statement (P&L), or even have a basic …

The Paycheck Protection Program (PPP) Journey - What We Know Now

November 16th, 2020

14:28

The landscape of the Paycheck Protection Program (PPP) has continued to change shape from the day that it passed and it doesn’t seem to be settling down any time soon. The Coronavirus Aid, Relief, and Economic Security …

Top Tips For Restaurants To Hire The Best Candidates

November 9th, 2020

24:45

Determining the keys to success for attracting and hiring top talent for restaurants is paramount to building a sustainable brand that can grow. We all know turnover runs rampant in the hospitality industry, so how is …

How To Pivot Your Restaurant To Find Success During Covid

November 2nd, 2020

15:48

When the global pandemic hit the US in March and our world shut down, businesses were left wondering how to survive. As restrictions have been lifted in some regions and re-enforced in others, the resiliency of the …

How To Control Cost of Goods (COGS) In A Restaurant

October 26th, 2020

41:08

With already narrow restaurant margins becoming even slimmer during a pandemic, every penny counts; and Cost Of Goods (or to some, Cost Of Sales) take up a significant amount of a restaurant’s overall expense. …

How Restaurant Purchasing Behavior Is Changing

October 19th, 2020

21:12

Coronavirus has affected the entire world; it has completely altered the landscape of both consumer and vendor behaviors, and perhaps the most harshly impacted industry has been hospitality. Restaurants have had to …

Why Restaurants Should Become Their Own Media Companies (feat. Cali Comfort BBQ)

October 8th, 2020

10:01

As a small Independent Restaurant owner who’s plunged headfirst into content marketing and worked with huge media organizations, digital marketers and SEO professionals, Shawn Walchef of Cali Comfort BBQ has honed in on …

PPP Loan Forgiveness – The Outlook For Restaurants

October 6th, 2020

14:44

The Paycheck Protection Program (PPP) continues to change form on what seems like a daily basis. The landscape has changed greatly since The CARES Act was initially passed and the covered period has now been extended …

What Profits Did You Leave On The Table In 2019?

February 27th, 2020

58:23

In our 27th episode of Operating a Profitable Restaurant, recurring panel hosts Michele O'Neill and Dave Downs had a great opportunity to speak with Michelle Heller and Eddie Velazquez to discuss how our strategic …

Menu Planning: Costing, Development, Trends, and Seasonality

April 11th, 2019

58:23

In our 25th episode, learn pro tips and best practices from seasoned restaurant veterans, Chef and Owner Fred Neuville of the Fat Hen Restaurant in …

Budgeting & Incentive Planning in your Restaurant: The hows, whens, and most importantly, the whys!

February 28th, 2019

58:23

In our 24th episode of Operating a Profitable Restaurant, host Dave Downs, RASI Client Advisor, sits down with Ryan Rose, Executive Chef of Zocalo Restaurants, and David Miller, Owner of Kickin Chicken Restaurants to …

Best Practices for a Successful Year-End, and Top Restaurant Trends & Predictions Going into 2019

December 20th, 2018

53:49

In our 23rd episode of Operating a Profitable Restaurant, host Dave Downs, RASI Client Advisor, sits down to chat with other RASI Industry Experts, …

Everything You Need To Know About Professional Level Services In The Restaurant

November 15th, 2018

54:38

Remaining competitive in today’s restaurant industry landscape means bringing on partners and services that will not only help you enhance the guest experience but aid in your team retention, all while staying true to …

How Can Your Restaurant Remain Compliant With ACA?

October 16th, 2018

36:28

Have you battled with remaining compliant with ACA regulations? Are you lost in the legal jargon and don’t know what your options are?


Social …

Restaurant Delivery Services & Incremental Revenue – Is It Right For You?

September 25th, 2018

48:44

Have you battled back and forth about whether adding a Delivery Service to your restaurant would help or hinder your operation?


Social Handles:

RASI …

RASI Compliance Team, New Jersey Sick Leave, & Your Restaurant (feat. RASI Director of Compliance, Brian Smith)

September 24th, 2018

8:10

Remaining compliant in today’s restaurant industry landscape is no task for the faint of heart. With state and federal regulations constantly …

Opening a Restaurant: Tips & Advice From The Pros Who’ve Done It Successfully (feat. Attila Szabo, Wildfin & Stack 571 Burgers, and Rob Coburn and Paige Crandall, El Camino & South Town Pie)

August 1st, 2018

49:44

Have you dreamed of opening a restaurant? How about your 2nd, 3rd, 4th or even 10th? In this episode of Operating a Profitable Restaurant, hear from restaurant vets Attila Szabo of Wildfin & Stack 571 Burger Groups …

The Shift on Modern Day Restaurant Management (feat. Dan Skvarca, Mercantile & Fruition, and Josh Fay, The Rio Grande Restaurants)

May 15th, 2018

1:02:05

Do responsibility and privilege go hand-in-hand for your management team? In this episode of Operating a Profitable Restaurant, seasoned Independent Restaurant Owners, Dan Skvarca from Mercantile, and Josh Fay with Rio …

How To Successfully Manage Your House Bank (feat. RASI Accounting Team)

December 16th, 2017

15:55

Managing your house bank is critical to keep track of your operating cash and ensuring that the balance in your House Bank is in line with the amount of cash that you have on hand. Proper management will assist you in …

Top 3 Restaurant Compliance Issues (feat. RASI Director of Compliance, Brian Smith)

March 23rd, 2017

22:21

Two things to think about each time you come across a compliance matter: One - Simply being in compliance, and Two - Managing your business so that your compliancy doesn't damage the experience with your guest, your …

Year-End Restaurant Accounting Tasks (feat. RASI Training Team)

December 22nd, 2016

29:44

In this episode of Operating a Profitable Restaurant, RASI Partner and Strategic Development Officer, Matt Vannini, sits down with our RASI Operational Specialists to speak in-depth about the imperative year-end …

Handling The Challenges of Restaurant Overtime (feat. Emily Biederman, CFO Secret Sauce)

November 7th, 2016

33:24

In this episode of Operating a Profitable Restaurant, RASI Partner and Strategic Development Officer, Matt Vannini, takes a moment to sit down with Secret Sauce's CFO, Emily Biederman to discuss the implications of the …

Strategies To Quantify Your Restaurant’s Brand-Value

August 11th, 2016

13:35

During today's Podcast, RASI Partner and Strategic Development Officer, Matt Vannini dives into the vast world of branding and ties it in to none other than what we do best: restaurant accounting. Tune in to hear Matt's …

The Restaurant Tipping rEvolution (feat. RASI Ops Specialist Brian McCaig)

July 5th, 2016

31:27

This month we’re circling back to the polarizing topic we covered back in November that has morphed into its own breed of beast. The boundless …

The Affordable Care Act and Your Restaurant

February 20th, 2016

37:09

During this afternoon's Podcast, Matt and Dr. Kahle sit down for a little lesson in the Affordable Care Act. ACA is difficult to understand with the …

How To Successfully Open a Restaurant (feat. Owen & Marie Jobson)

January 22nd, 2016

41:58

Starting a restaurant takes guts, gusto, tenacity, and a whole 'lotta heart. In this episode of Operating a Profitable Restaurant, RASI Strategic …

Your Year-End Restaurant Accounting Checklist (feat. RASI Trainers)

December 22nd, 2015

30:59

In this episode of Operating a Profitable Restaurant, RASI Partner and Strategic Development Officer Matt Vannini takes a moment to round table with industry experts on the restaurant accounting best practices that will …

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