Restaurant365

NOVEMBER 18, 2021

This two-part blog series presents an overall guide to the essentials of payroll accounting for restaurant groups. Your restaurant orders, receives, and counts food all in one system: your inventory management software. Your inventory management solution measures and stores all the information you need about your food cost.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

Restaurant365

FEBRUARY 8, 2022

Forecasting implications affect inventory and labor spending, so you must forecast to accurately predict what your labor cost is going to be and what your restaurant inventories are going to look like. It provides your managers with the data they need to help run the business. Store-level manager accountability.

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2022 Cash Management Point of Sale Inventory 78

Restaurant365

SEPTEMBER 23, 2021

Whether you’re a bookkeeper, accountant, restaurant owner, or store-level manager, understanding the basics of accounting can pay dividends for your business. Healthy accounting procedures for restaurants can help you manage food and labor costs, understand your profits and losses, and make strategic decisions about expenses and investments.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Focus POS

DECEMBER 8, 2021

During a “normal” year, restaurant owners and operators face issues such as cash flow and capital, inventory management, hiring and training and providing excellent customer service. As far as restaurant challenges go, inventory mistakes can be some of the costliest. Contact us to learn more.

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Mobile Ordering Point of Sale Cash Management Food Supply 148

Restaurant365

AUGUST 25, 2020

Comprehending your restaurant cash flow is essential to running your restaurant business. Cash flow refers to the amount of cash coming into your restaurant minus the amount of cash going out on a daily, weekly or monthly basis. Common factors that cause cash flow issues. Too much inventory.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Restaurant365

APRIL 16, 2021

In-house online ordering systems capture customer data for your customer relationship management system (CRM). This leads to order error, food waste, and disappointed customers. Every day you spend without a modern online ordering system, or with one that is difficult to use, you leave cash, and customer loyalty, on the floor.

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Online Ordering Blog Ordering Front of House 78

Hot Schedules

JANUARY 8, 2020

Find out how you can defeat the Rogue Spender and hang on to your cash. They take the form of wasted time, effort and cash, and cause havoc and frustration for your employees and guests alike. Where there are savings to be had, the Rogue Spender rolls in to keep you from hanging on to your hard-earned cash. SAVE THE DAY!

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Cash Management Allergens Employee Relations Download 78

Restaurant365

OCTOBER 30, 2020

As a restaurant owner or manager, sometimes you may need to jump in to help keep business running smoothly. However, the day-to-day tasks can distract from the bigger-picture work that is essential for your long-term business health: restaurant operations management. What is restaurant operations management?

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Operations Management Management Inventory 78

Hot Schedules

NOVEMBER 26, 2019

They take the form of wasted time, effort and cash, and cause havoc and frustration for your employees and guests alike. Plus, manual back-ups and lost information, buried notices and wasted paper. . The Busywork Beast has the power to trap your managers in its Back-office Lair. Want to fight the good fight? SAVE THE DAY!

Cash Management 78

Cash Management Allergens Front of House Back of House 78

Margin Edge

FEBRUARY 24, 2022

This blog looks at COGS basics (in case you want a refresher), their financial impact, the COGS you should be aiming for depending on your type of restaurant, and how and when to monitor them. As a refresher, COGS = beginning inventory + purchased inventory – ending inventory. What Are COGS & Why They Matter.

Inventory 82

Inventory Point of Sale Waste Fine Dining 82

Hot Schedules

MAY 25, 2021

Software Engineering Manager. Software Engineering Manager. Our Inventory solution provides restaurants with the ability to perform inventory counts efficiently and accurately. I am Fourth. Stories of the teams and individuals that make Fourth such a unique place to work for. Chad Marais. Georgi Stamatov.

Cash Management 148

Cash Management Customer Service Customer Experience Sports 148

Restaurant365

JUNE 9, 2020

By generating a budget for your controllable costs , you can create a clearer path for your cash to move. Assessing this movement by ensuring that the budget is maintained and that invoices are entered daily will help you better manage your cash flow each month. Manage your cash flow. One of these costs is labor.

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Cash Management Management Management Small Business 97

Restaurant365

SEPTEMBER 3, 2021

Restaurant owners, operators, and managers are constantly faced with decisions about accounting, operations, inventory, customer service, and staffing. To keep up in a fast-paced industry, restaurants might consider adding a new role, commonly called “profitability strategist,” to the management team.

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Waste Cash Management Point of Sale Inventory 78

Focus POS

MAY 28, 2020

Delivery management: Many customers are opting for delivery over curbside pickup and drive-thru. Mis -managed delivery functions can turn into a huge cost center. Delivery management software streamlines your delivery processes and ensures that your delivery service is profitable during even the most uncertain of times. .

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Online Ordering Inventory Cash Management Download 129

Restaurant365

FEBRUARY 6, 2020

Add the unique features of the restaurant industry, from short-lived inventory to payroll including wages and tips, and bookkeeping becomes a fast-changing, time-consuming challenge. However, being able to easily access sales, inventory, and labor data allows you to quickly make informed decisions. Step 2: Streamline Accounts Payable.

Point of Sale 138

Point of Sale Inventory POS Cash Management 138

Hot Schedules

NOVEMBER 12, 2020

Top Five Supply Chain Management Tips. . As business levels continue to fluctuate since early Spring, it is important to keep stock levels to a minimum to preserve cash and minimize waste. To find out how to cut costs, not corners, to effectively manage your supply chain check out our procurement and inventory guide.

Supplies 78

Supplies Management Management Allergens 78

Focus POS

JUNE 17, 2019

It’s a system that takes the place of a traditional cash register and provides much more than basic transaction functionality. Restaurant point of sale software empowers businesses to control labor costs, manage inventory, and have deeper visibility into business operations. POS for Restaurant Franchise Management.

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Point of Sale Cash Management POS Franchise 113

Lavu

DECEMBER 6, 2019

Particularly when it comes to restaurant management which requires knowledge of both front of house and back of house needs. Cash registers are not as developed as a POS framework and lack a significant number of the capacities and highlights of a cutting edge system. . Digital inventory tracking. What is an automated scheduler?

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Kitchen Safety Social Media Point of Sale Front of House 78

Restaurant365

FEBRUARY 19, 2020

For example, restaurants tend to have a large, fast-changing inventory with a limited shelf life, which affects food cost calculations. In order to meet slim margins, restaurant accounting needs to meet high standards for accurate labor and inventory metrics. The restaurant industry has unique qualities and business structures.

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Point of Sale Cash Management Inventory Consumer Goods 120

Restaurant365

OCTOBER 14, 2020

Balancing cash flow month to month, let alone year to year, can be difficult for the ever-changing restaurant industry. As a restaurant owner or manager, you can use a budget to understand your income and expenses, and at what levels you will profit, break even, or operate at a loss. And yet, in times of uncertainty, like the COVID-19.

Point of Sale 78

Point of Sale Email Marketing Cash Management Advertising 78

Restaurant365

MARCH 15, 2022

According to the National Restaurant Association, the average cost of restaurant turnover in 2021 was $1,869 per hourly employee, $8,119 per manager and $14,689 per general manager. Train your managers to hire the right employees. Managers must be able to identify applicants who are good cultural fit.

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Hiring Cash Management Insurance Communication 78

MBB Hospitality

NOVEMBER 13, 2018

Check out these restaurant consulting tips for the DIY restaurant owner or manager: The customer is always right. Keep eye on cash flow. Always keep a close eye on your cash flow so you don’t find yourself buried under debt and unable to dig out. Technology is great and can really help you with restaurant management.

Management 40

Management Management Social Media Cash Management 40

Hot Schedules

FEBRUARY 4, 2022

Five Steps to Reducing Waste. The Impact of Food Waste. U S hotels contribute to the generation of 131 billion pounds of food waste every year , resulting in an enormous environmental impact, and a big dent to profit margins. Waste stretches beyond the physical, say, head of lettuce you’re throwing in the trash.

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Waste Hotels Inventory Food Order 78

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

Email Marketing 72

Email Marketing Merchandise Website Management Point of Sale 72

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52

Apicbase

JUNE 16, 2023

In practice, however, successfully managing a group of busy restaurants is an awfully tough undertaking. The metrics and calculations in this list will help you bring order to the chaos and manage the performance of each unit in the chain. Get a 360-view of your sales & inventory data Adopt restaurant analytics software.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Xtra Chef

AUGUST 12, 2020

Food cost management is particularly important during a recession or economic downturn , as many restaurant owners are finding right now. But managing restaurant food costs can be challenging. Managing restaurant food costs doesn’t have to be complicated. Manage Restaurant Inventory with an Iron Fist.

Food 120

Food Inventory Waste Food Order 120

Restaurant365

MAY 7, 2020

General managers and restaurant owner/operators should create checklists for crew and managers to use during their shifts. This will streamline your inventory and give you better visual access to your shelves. Managing Food Pick Up and Delivery. Install sneeze guards at cash registers.

Food Safety 142

Food Safety Cash Management Point of Sale Social Media 142

Focus POS

AUGUST 26, 2020

It’s more crucial now than ever to manage pour costs effectively. . Your inventory is your largest asset. Keep track of every single dollar you spend on your inventory, and make sure you always know how much of each product is on hand at all times. Here is how you can cut costs and optimize your revenue: .

Management 128

Management Management Bar Inventory 128

Rocket Fuel

MARCH 2, 2022

In most restaurants, a few key team members typically handle accounts payable management, and there are several processes involved, including: Receiving supplier invoices. Verifying invoice accuracy against inventory. This, however, isn’t possible if you’re consistently paying your vendors late due to cash flow issues.

Cash Management 98

Cash Management Operations Consumer Goods Inventory 98

Culinary Cues

NOVEMBER 16, 2019

If you want the restaurant to be an expression of art, then make sure that your bank account is flush with cash. [] EMOTIONAL EXCITEMENT TAKES HOLD. Buy smaller garbage cans for the kitchen – control your waste and make it everyone’s job. [] KEEP IT SIMPLE – DO IT WELL. www.harvestamericacues.com BLOG.

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Training Employee Relations Customer Service Customer Experience 259

Restaurant365

APRIL 15, 2021

This blog post was originally published on September 10, 2019 and updated on April 15, 2021. This data indicates the state of your restaurant’s financial health, and it can even help you and your managers understand where you can start improving profitability. This may include your rent, waste removal, or the telephone bill.

Point of Sale 78

Point of Sale Cash Management Beverage Insurance 78

Hot Schedules

MARCH 20, 2020

What can you do to help your staff, manage your operations, and keep the lights on – even in the dark? What can you do to help your staff, manage your operations, and keep the lights on – even in the dark? Where that’s not possible, consider donating surplus inventory to food banks and local relief centers. Get Creative.

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Social Media Cash Management Employee Relations Delivery 141

Focus POS

JUNE 27, 2019

Restaurant management is a complex task requiring a delicate balance of managerial skills and software. We’ve put together a guide you can use to help you choose the best technology for your restaurant and how it can help you run a more profitable business: General Restaurant Management. » Watch inventory. Set quality standards.

Management 121

Management Management Franchise Franchising 121

Restaurant365

MARCH 30, 2020

Without payment processing capabilities, you will need to process transactions over the phone, which can be a costly security risk, or through cash, which is now a health risk [more on this in the accounting section below]. Timing of receiving cash versus making the sale. Using third-party delivery apps. Inquire about sourcing.

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Delivery Operations Insurance Cash Management 78

Modern Restaurant Management

MAY 12, 2020

Dunkin’s transition to paper cups will remove approximately one billion foam cups from the waste stream annually. This transition, along with the move to the double-walled paper cups, will remove a collective 19 million pounds of polystyrene from the waste stream annually. franchisees for use in their restaurants.

Mobile Ordering 150

Mobile Ordering Online Ordering Food Order Recycling 150

Restaurant365

MARCH 11, 2021

So when it comes to your back office solution, maximizing performance is highly dependent on simplifying your restaurant management software as much as possible. With multiple management platforms that aren’t connected, you’ve added more overly complex pieces to your business. Recipe Management.

Management 17

Management Management Inventory Cash Management 17