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Use Our Online Tool to Better Understand Government Funding Programs
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Access vital funding to help your business remain open, continue paying your employees, and recover from unplanned circumstances due to the COVID-19 pandemic.

Paychex has created an easy-to-use online tool that details the specific federal relief programs and refundable credits available through the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES). The tool includes helpful links to applications and a comparison chart of loan programs (Paycheck Protection Program and the Economic Injury Disaster Loan program) to help you address what would best meet the needs of your current circumstances.

Access the Tool

We recommend discussing these options with your accountant or trusted advisor to determine the best course of action to leverage the incentives available.

Paychex is actively working to help make the PPP loan application process simpler. If you’re a Paychex client, we’re creating a report and ensuring it reflects changes introduced April 2 by the federal government. To utilize the report, your business or your clients’ business must have run payroll with Paychex in 2019.


Cash Flow Management Essentials for Restaurateurs and Franchisees


Good cash flow management is important in any business, but for restaurants and quick-serve restaurant franchises, it’s critical. Without sufficient cash flow, your restaurant may miss opportunities for hiring, marketing, technology upgrades, and more. The key is to develop good cash flow habits before bad cash flow becomes an issue.

Every restaurant and franchise is different, and the following tips are general insights that may or may not apply to your specific situation. 

Identify problem areas

Look objectively at your overhead. Are you over-ordering food? Are there dishes on the menu that aren’t selling? Those areas are tangible and easy to spot. But more often than not, the biggest costs are hidden. Labor costs and mishandled payroll can cause cash flow issues, too. That’s why many restaurants and franchises have automated their payroll processes to increase efficiency and profitability.

Predict seasonal patterns

Restaurants and franchises often have peak times, seasonal slumps, and times where cash flow may stay relatively the same. Analyzing your patterns can help identify any business processes that could be draining funds from your company. It can also help you know when to invest, and when to economize.

Look at your past cash flow statements to see how much cash goes in and out over a specific business period. You can achieve more extensive tracking via a cash journal, which is an even more detailed record of company transactions. To gain awareness of how money is being spent, you can also design customized cash flow reports through a cloud accounting system.

Follow the money

Are you aware of how much expenses are costing you? Just like personal budgets, it’s easy to lose track of business spending. Review your expenses regularly.

For example, one way restaurant owners and franchisees can audit their expenses is to see whether the cost is producing enough return on investment to justify keeping it. Granted, if you just invested in new software or a new hire, you'll need to give it some time before you know the answer.

You should also consider any potential investments and expenditures. For example, do you need a new website now or can it wait? By thinking an investment through rather than spending and figuring out how to pay later, business owners can alleviate future cash flow management issues.

Integrate your systems

Restaurants and franchises rely on various processes to operate. Although there may be many moving parts in your business, they don’t have to remain separate. Identifying ways to integrate your systems (for example, payroll and benefits management) is a great first step toward improving operational efficiency and cash flow management.

An integrated system can generate reports that help you predict your business needs and plan cash flow more effectively. Having a single integrated system also tends to be more accurate, since it keeps all your business records up to date and requires less effort to maintain.

integrating restaurant systems

Expect the unexpected

In the restaurant and quick-serve restaurant business, there will always be surprises. Surges in food prices, unexpected market conditions, sick employees — anything can happen. Managing your cash flow can help you:

  • Absorb unexpected expenses – Day-to-day operations are often unpredictable. You may be able to plan for expected overheads such as rent, supplies, and labor, but the loss of a repeat customer or a suddenly broken piece of equipment can throw your business off balance. Having cash flow for a “rainy day” fund gives you a cushion against unavoidable circumstances.
  • Apply for loans – Bankers, lenders, and investors usually analyze cash flow related to operating activities in order to make a decision about approving loans or investments.
  • Grow your business – A positive cash flow also allows you to reinvest and expand so that you can increase your profits and customer base. It enables you to innovate, try new products or services, and expand into new markets.
This website contains articles posted for informational and educational value. Paychex is not responsible for information contained within any of these materials. Any opinions expressed within materials are not necessarily the opinion of, or supported by, Paychex. The information in these materials should not be considered legal or accounting advice, and it should not substitute for legal, accounting, and other professional advice where the facts and circumstances warrant.