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Restaurant Reopening Resources

Modern Restaurant Management

The document is meant to be used in conjunction with instruction operators receive from authorities during their reopening phase-in. It includes documents to assist in organizing and reopening dining rooms and businesses. Download the full guidance, here. National Restaurant Consultants is offering this free guidance for reopening.

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Quick Facts About the Restaurant Revitalization Fund (RRF) Process

Modern Restaurant Management

Documents you need to apply include: SBA Form 3172. Documentation showing gross receipts (business tax returns 1120, 1120S, 1065, 1040 Schedule C, bank statements, externally or internally prepared Profit and Loss Statements, Point of Sale reports, and 1099-Ks). IRS Form 4506-T.

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SBA Partners with Restech for Restaurant Revitalization Fund

Modern Restaurant Management

The program will allow eligible restaurants and other food establishments to access the RRF application or data they need to fill out the application through their point-of-sale (POS) service providers. Point-of-sale service providers who are interested in participating in this program should email restaurants@sba.gov.

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Don’t Get Burned By The IRS – Tax Tips for Restaurant Owners

Modern Restaurant Management

You may find it helpful to transfer the sales taxes and employment taxes to a separate bank account as collected, rather than accumulating them in your operating account, to avoid spending them on other expenses in the interim between collection and remittance. Reconcile your bank accounts and credit card/merchant service statements monthly.

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The Quest for the Restaurant Industry’s Holy Grail—Unified Commerce

Modern Restaurant Management

There was a single point of sale or channel. To be truly future-proof, a unified tech platform should have well-documented APIs and a thriving ecosystem of partners. There was a time, not too long ago, when interacting with a brand—be it a retailer or a restaurant chain—was a fairly uncomplicated process.

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Reporting Best Practices in the Restaurant Industry

Modern Restaurant Management

For example, basic point of sale (POS) systems or integrated restaurant management systems are useful digital tools that enable data reporting. CoGS and P&L documents are essential for any restaurant or business. These reports show users: Menu sales and how they affect overall profits.

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Going Mobile with Contactless ID for the Post-COVID Restaurant Experience

Modern Restaurant Management

Once adoption of mobile driver’s license technology has become more widespread, integration with the restaurant’s point-of-sale system will be the most efficient and legally compliant method of mDL verification. This will be similar to today’s integration of Toast, Square, Clover, etc. deployed on an on-site device.