ChefMod

MARCH 10, 2024

Welcome to the ChefMod FAQ post, where we address common questions and shed light on how our tailored solutions are revolutionizing procurement and accounts payable processes for restaurant owners throughout the country. Who can benefit from using ChefMod? Demystifying ChefMod: Your top FAQs Answered Here What is ChefMod?

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Restaurant365

SEPTEMBER 23, 2021

Every business relies on good accounting, but it is especially true in the competitive restaurant industry. Whether you’re a bookkeeper, accountant, restaurant owner, or store-level manager, understanding the basics of accounting can pay dividends for your business. How is restaurant accounting different?

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Rocket Fuel

MARCH 2, 2022

Delaget and RASI became API partners and started their mission together in 2019 to increase operational value and efficiency to growth-focused restaurateurs looking to streamline their process and scale by insights. It’s no secret that restaurants run on thin margins, little time, and countless activities in daily operations.

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Margin Edge

NOVEMBER 10, 2021

There are three primary ways for restaurants to pay their bills: manually writing checks (stuffing, licking, stamping envelopes, and taking them to the post office), using credit cards or digital banking, and lastly using a third-party provider like Bill.com, QuickBooks, or your restaurant management system (RSM). Fuhgeddaboudit.

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7 Shifts

JANUARY 31, 2024

Managing a restaurant is a delicate routine—if we can even call it a routine. Managers are responsible for nearly every aspect of the restaurant and have to cover a variety of duties. In addition to their main duties, restaurant managers also have to contend with all the unwritten or hidden responsibilities that fall on them.

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Restaurant365

JANUARY 4, 2022

Restaurant inventory management plays a key role in overcoming rising food prices. For example, these common restaurant ingredients rose significantly in mid-December 2021 over the same period in 2020: Refined sugar – 31%. Automate manual restaurant inventory processes to help overcome rising food prices. from a year ago.

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Restaurant365

MARCH 10, 2020

When you think of your restaurant finances, do you think of your inventory? Your restaurant inventory management is an oft-forgotten component of your finances, but the amount of product you have on hand represents a large part of your budget. What is Restaurant Inventory Management? Sitting Inventory.

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Restaurant365

SEPTEMBER 30, 2019

Time is money in business, particularly in the ultra-competitive restaurant industry. Through streamlining operational functions , like the accounts payable process, restaurant owners and operators are able to implement cost-saving efficiencies. Physical paper invoices are scanned or photographed from mobile or desktop devices.

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Restaurant365

FEBRUARY 19, 2020

Keeping track of your finances is time-consuming, and yet it has enormous implications for your bottom line. Staying competitive in the modern restaurant industry requires devoting time, energy, and resources to restaurant accounting. . Modern restaurant accounting methods depend on accurate and timely data about your business.

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Margin Edge

FEBRUARY 3, 2022

Corporate Executive Chef Stephen Lyons, Clyde’s Restaurant Group. Running a restaurant has never been for the faint of heart, and the COVID-19 pandemic has only made staying afloat even harder. Get a restaurant management system. Oftentimes, the biggest culprit for out-of-control food costs in a restaurant is waste.

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Restaurant365

JUNE 9, 2020

As your restaurant business begins to recover from restrictions put on it due to COVID-19, it is crucial to assess your financials and strategize your costs. 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.

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Xtra Chef

AUGUST 12, 2020

Food costs are one of the most significant factors of a restaurant’s success. Knowing your restaurant food costs helps with menu pricing, affects prime costs, and plays an integral part in remaining profitable. But managing restaurant food costs can be challenging. What’s in The Restaurant Food Costs Guide?

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ChefMod

MARCH 28, 2021

Unfortunately, the majority of restaurant operators today do not have any process like this in place, which impairs their ability to compete with those who do. Our own data shows that restaurants that do not follow any formality in procurement spend 15% more on food and supply purchases than their peers who do.

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Restaurant365

JULY 17, 2020

Most multi-unit restaurant groups run each of their locations as a separate legal entity. The challenge for restaurant groups is that most accounting software is not set up to handle these multiple entities in a single database. Intercompany accounting is a critical process that a parent company must get right.

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Restaurant365

MARCH 10, 2020

When you think of your restaurant finances, do you think of your inventory? Your restaurant inventory management is an oft-forgotten component of your finances, but the amount of product you have on hand represents a large part of your budget. What is Restaurant Inventory Management? Sitting Inventory.

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Restaurant365

MAY 17, 2022

Tight integration between your r estaurant inventory management software , point of sale (POS) system and restaurant accounting software is essential for executing key restaurant tasks that help control your food costs. Accurate restaurant inventory management requires both automated and manual steps. That’s great.

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Restaurant365

MAY 27, 2021

Restaurant restrictions are beginning to ease, which is good news for restaurant owners and operators. However, your restaurant probably isn’t yet back to “normal.” ” The restaurant industry landscape has changed over the last few years. How to calculate restaurant prime cost.

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Restaurant365

JUNE 4, 2021

As a restaurant owner or operator, you always have restaurant profitability on your mind. But when you think of restaurant profitability, are you thinking about both the short-term and the long-term? Of course, there are small changes you can make in the short-term to benefit operations. Increase sales volume.

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Orderly

OCTOBER 4, 2021

Food cost is one of the biggest factors of your restaurant’s success. Understanding your food cost is especially important during these unprecedented times as many restaurant owners are counting pennies and doing everything in their power to maximize profits. Most restaurant managers are probably exhausted and stretched thin on time.

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Restaurant365

APRIL 4, 2022

Restaurant365’s mission is to help restaurants thrive. With so much change brought on first by the pandemic and more recently by supply chain and labor crunches, this first stop on Restaurant365’s Restaurant Transformation Tour hit the stage at just the right time. The Restaurant Industry Is Embracing Restaurant Technology.

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Restaurant365

AUGUST 12, 2021

But when most people talk about data, they’re usually speaking about the tools and technology that can be used to track, process, and analyze information. For many restaurant businesses, in particular, tracking data is one thing, but getting your team to use it for decision making may be the bigger challenge.

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Margin Edge

AUGUST 29, 2021

Each quadrant has their own special benefits and challenges, but thankfully there is a lot of overlap in terms of how you can try to improve profitability across the graph. This blog looks at each of the categories and discusses actionable ways in which you can make powerful, data-driven decisions about your menu. An x/y axis, you say?

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Restaurant365

DECEMBER 12, 2019

For restaurants in particular, the impact of how technology is changing the restaurant industry is only growing bigger. From the front counter to the kitchen, technology is everywhere in restaurants. Today’s technology used in the restaurant business is growing at a breakneck pace.

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Restaurant365

NOVEMBER 19, 2019

Becoming successful in the restaurant industry is difficult but staying ahead of operational challenges is even harder. To prepare for the new year, restaurant owners, operators, and managers need to start planning now. Employees determine the customer service experience in a restaurant. Finding and training staff.

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Restaurant365

JANUARY 4, 2022

Restaurant inventory management plays a key role in overcoming the rising cost of food. For example, these common restaurant ingredients rose significantly in mid-December 2021 over the same period in 2020: Refined sugar – 31%. Automate manual restaurant inventory processes. from a year ago. Butter – 43%.

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