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How to Drastically Cut Expenses in Your Restaurant (and Stay Profitable During COVID-19)

7 Shifts

Psst, even outside of these extraordinary times, this information is also valuable for any restaurateurs that are looking to optimize their operations and get a handle on what they can and cannot control in order to reduce monthly expenses in their restaurant.

BOH 368
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Accounting 101: The Most Popular Restaurant Accounting Software Used by the Best Restaurant Operators

Crunchtime

If you're running a sizable restaurant operation with more than just a few locations, chances are you are already using proven "best of breed" accounting software from a world-class provider. Every quality accounting system will manage your accounting methods, tips, cash flow, and P&L statements.

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Maximise Your Restaurant’s Efficiency with POS Integration: 7 Benefits of Combining Point of Sales with F&B Management Software

Apicbase

POS integration is essential. Although the point-of-sale system (POS) remains the technological heart of restaurants, numerous technologies run behind the scenes these days. Some technologies integrate with the restaurant’s POS, allowing data to be easily shared between front-of-house (FoH) and back-of-house (BoH) systems.

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2 Simple Ways to Boost Productivity

Lavu

If your staff relies on outdated methods of placing orders, it’s likely that restaurant communications are strained, which means your restaurant is operating below its potential. Update to Mobile POS System. The benefit of a mobile POS system is the freedom of mobility it gives your serving staff.

FOH 78
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Restaurant Tip Outs Guide: Methods, Tip Splitting, Pooling, and More

7 Shifts

Tip Pooling by FOH & BOH. Sharing tips with kitchen employees is an effective way to bridge the wage gap between FOH and BOH workers. Recommended Reading: Tip Pooling Tools to Manage Tips at a Restaurant. As a result, managers' time spent calculating tip payouts will be reduced by eight hours each week on average.

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Restaurant Accounting Concepts Every Manager Should Know About

Lavu

As the owner or manager of a restaurant, when you’re aiming to grow profitability, accounting is an area where you need to be comfortable. It might be considered the most dreaded part of running your business, but to be profitable and to manage the money, there’s no way it can be avoided. 5 Concepts of Restaurant Accounting.

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Choosing the Right Restaurant Financing and Restaurant Loans

Lavu

Regardless of the purpose, restaurant financing is vital to running a successful business and ensuring smooth cash flow. . About 20% of restaurants fail within their first year of operations, which makes banks more stringent in offering restaurant loans. Merchant Cash Advances. Types of restaurant financing.