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We are all facing unprecedented times with COVID-19. Not only are individuals affected in profound ways, but businesses are also severely feeling the impact. Hospitality though, is one of the hardest hit sectors of this crisis. Restaurants especially are facing a sudden loss of revenue due to many city and state directives to close all on-premise dining. It’s essential now more than ever for restaurants to have a plan to minimize loss of revenue.
By Susan Casella, Hospitality Lead, Sage Intacct - 08/12/2019 When you launch and operate your first/only franchise hotel or restaurant, the accounting needs can be relatively straightforward… at first. For most single-location businesses, managing the general ledger, closing the books, and taking care of payroll, AR, and AP – that all happens easily with simple, single-user PC accounting systems.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
