Managing your Payroll with a Restaurant POS System Dubai
If you are in the restaurant business, then you also have to ensure that your operations are running smoothly regardless of your presence on the floor. Firstly, you must ensure that you have a restaurant POS system, Dubai to eliminate inventory, sales and other operational flaws.
Another critical component of a restaurant’s operations is payroll management. Employees are the core of any business, and for them to show up at work, you must be able to pay them. Otherwise, you may not have anyone to serve up the hospitality expected by your customers.
OVERSEE POS makes sure that it never comes to that with our integrated POS payroll system for your restaurant.
Defining payroll
A business's employees and their wages are documented into a system called the payroll. Therefore, filing taxes, dissipating paychecks, etc., are known as ‘processing payroll’.
Typically, payroll for a restaurant may be processed manually, outsourced to a payroll service, or payroll software may be used.
When you manually process salary, there are lots of calculations involved. You have to look into hourly wages and multiply it by the many hours the employees have worked for a particular period. It also involves withholding taxes, complying with labour laws, paying benefits, besides maintaining payroll records.
Typically, the manual process is as follows:
First, you must collect all payroll forms to determine tax withholding, which is a critical step to compliance. This also involves gross pay calculation, over above which taxes are withheld from the pay. Thereafter a payroll schedule is set so that employees can expect their paychecks. Wages may have to be calculated for bartenders, servers, tipped workers, etc., depending on their job and pay scale. Finally, after paying the staff, payroll taxes and employee benefits are met.
If you are using a payroll service, the process remains the same, but it can be expensive for you to outsource an entire payroll responsibility that has to be ideally processed indoors. Finding an outsourced partner itself can be quite challenging.
That is why engineers at OVERSEE recommend getting a payroll system integrated with the Restaurant POS system, Dubai, which is a good middle ground. OVERSEE’s comprehensive software collects all employee and tax details while getting access to staff work details, such as their in-times, out-times, break times, etc. and any leave taken by them. It also calculates the sales accomplished by each of the employees and measures their incentives automatically. With a transparent and fool-proof system, you will never be understaffed, as employees look up to you as a model restaurant business.
The software option is extremely cost-effective and most of all, keeps you prudently informed about your cash flows. OVERSEE POS automates all the involved restaurant processes and calculates labour costs in real-time.
Here is a payroll system checklist for your restaurant. Follow this cheat sheet time and again:
- Collect employee name and contact information as displayed on their ID cart
- Check payment instructions
- Define their benefits upon their enrolment
- Identify the targets that they have to achieve against which the payroll along with benefits is calculated
- Gross wages assessment
- Deductions against advances if applicable
- Benefits calculations in accordance with the agreement
- Payment to staff according to payment instructions
- Maintain payroll records
If you are looking for payroll software integration with your restaurant POS system, Dubai, reach out to OVERSEE POS today.
